Total amount raised
$48.5 Millions
Latest funding date
11/1/2021
Location
Cyberhaven has successfully raised $88 million in a Series C funding round, bringing its total funding to an undisclosed amount over multiple rounds. The company specializes in AI-powered data security solutions, focusing on data detection and response to protect critical information from insider threats.
Keep reading to explore the intricacies of Cyberhaven's fundraising journey and the investors backing this innovative platform.
What Is Cyberhaven?
Founded in 2016, Cyberhaven is based in Palo Alto, California. The company specializes in AI-powered data security solutions, focusing on detecting and preventing data loss and insider threats.
Cyberhaven was founded by Cristian Zamfir, George Candea, Radu Banabic, Vitaly Chipounov, and Volodymyr Kuznetsov. Their innovative technology includes Data Detection and Response, Data Lineage, and Cloud Data Security.
With a team of 101-250 employees, Cyberhaven continues to advance its mission of protecting critical information across various environments and use cases.
How Much Funding Has Cyberhaven Raised?
- Seed Round
- Amount Raised: $2.5M
- Date: July 2016
- Lead Investors: Accomplice
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial product and build the core team.
- Series A
- Amount Raised: $13M
- Date: December 2019
- Lead Investors: Costanoa Ventures, Vertex Ventures US
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the product and expand market reach.
- Series B
- Amount Raised: $33M
- Date: December 2021
- Lead Investors: Redpoint
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance product features and increase customer acquisition.
- Series C
- Amount Raised: $88M
- Date: June 2024
- Lead Investors: Adams Street Partners, Khosla Ventures
- Valuation at Round: $488M
- Motivation Behind the Round: To expand product offerings and increase market reach.
Total Amount Raised: $136M. Current Valuation: $488M.
Key Investors
- Adams Street Partners
- Details: Adams Street Partners is a global private markets investment manager with investments in more than 30 countries. They focus on venture capital, growth equity, private credit, and secondary investments.
- Investment Focus Areas: Private equity, venture capital, private credit.
- Notable Investments: Not specified.
- Khosla Ventures
- Details: Khosla Ventures is a venture capital firm based in Menlo Park, California, founded in 2004. They provide venture assistance to entrepreneurs working on breakthrough technologies.
- Investment Focus Areas: Technology, healthcare, clean energy.
- Notable Investments: Square, DoorDash, Impossible Foods.
- Redpoint Ventures
- Details: Redpoint Ventures is a venture capital firm investing in seed, early, and growth-stage companies. They focus on high-growth technology companies.
- Investment Focus Areas: Consumer and enterprise technology.
- Notable Investments: Netflix, Stripe, Twilio.
- Costanoa Ventures
- Details: Costanoa Ventures is a venture capital firm that invests in early-stage technology companies. They focus on enterprise software, fintech, and data infrastructure.
- Investment Focus Areas: Enterprise software, fintech, data infrastructure.
- Notable Investments: Alation, Quizlet, Intacct.
- Vertex Ventures US
- Details: Vertex Ventures US is part of a global network of venture capital funds. They invest in early-stage technology and healthcare companies.
- Investment Focus Areas: Technology, healthcare.
- Notable Investments: Grab, Waze, CyberArk.
What's Next for Cyberhaven?
Cyberhaven stands at the cusp of significant growth, driven by the increasing demand for AI-powered data security solutions. With a recent $88 million Series C funding round, the company is poised to expand its product offerings and market reach. The rise of AI and the need to protect sensitive data across various channels, including cloud services and generative AI tools, present vast opportunities for Cyberhaven to lead the industry.
Future fundraising opportunities appear promising, given the strong backing from prominent investors and the company's impressive growth trajectory. However, Cyberhaven will need to navigate challenges such as staying ahead of evolving cybersecurity threats and competing with other data security firms. Ensuring the scalability and reliability of their AI-driven solutions will be crucial as they continue to innovate and expand.
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