PALO ALTO, CA – Dec 14, 2021 – Cyberhaven, inventor of the industry’s first Data Detection and Response (DDR) platform, announced today it has raised $33M in an oversubscribed Series B funding round. The investment was led by Redpoint Ventures with participation from new investors Forgepoint Capital and Wing as well as existing investors Vertex Ventures US, Costanoa, and Crane, and brings the company’s total funds raised to $52M.
“Enterprises are defined by their data, and it’s time to put data at the center of their security model. DLP, CASB, and Insider Threats tools all nibble at disparate parts of the data security problem without solving the underlying issue,” said Howard Ting, CEO at Cyberhaven. “We are disrupting these product categories that have caused so much pain and frustration by using data lineage to automatically find and protect sensitive data of any type, in any file format, anywhere in the enterprise. This breakthrough innovation enables workflows to move to the cloud without enterprises losing visibility and control of what matters most – the data.”
