Cyberhaven, a Palo Alto, California-based inventor of the industry’s first Data Detection and Response (DDR) platform, announced that it raised $33 million in an oversubscribed Series B funding round to transform the stagnant and ineffective data protection market.
The round 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 $52 million.
Company: Cyberhaven, Inc.
Round: Series B
Funding Month: December 2021
Lead Investors: Redpoint Ventures
Additional Investors: Forgepoint Capital, Wing, Vertex Ventures US, Costanoa, and Crane
Company Website: https://www.cyberhaven.com/
Software Category: Data Detection and Response (DDR) platform
About the Company: Cyberhaven is The Data Security Company. With the industry’s first Data Detection and Response (DDR) platform, Cyberhaven protects intellectual property and sensitive data from theft and misuse by mapping the full journey of every piece of data to accurately classify sensitive data, detect risk, and proactively enforce policy for any organization that believes data is a key differentiator in their business. Cyberhaven is a fully managed SaaS-based service, requiring zero infrastructure deployment and management. The solution collects events from endpoints and cloud apps automatically discover and tracks sensitive content of any type, and identifies risk without complex rules or tagging. Security teams have precise control over how any of their data moves with the ability to block, alert, or coach users in real-time.