AI-powered data security company Cyberhaven announced it has raised $88 million in a Series C funding round. This latest investment, led by Adams Street Partners and Khosla Ventures with participation from other notable investors, brings the company’s total funding to over $136 million and values Cyberhaven at $488 million. The newly acquired funds will be utilized to expand Cyberhaven’s product offerings and enhance its market reach.
Cyberhaven has developed a sophisticated data detection and response platform designed to help organizations track and protect sensitive data. The platform’s capabilities include stopping data exfiltration, understanding data flows, providing real-time user training on risky behaviors, and accelerating internal investigations. These features are critical in addressing contemporary data security challenges, particularly those posed by insider threats.
The company recently introduced an autonomous AI agent specifically aimed at combating insider risks, showcasing its commitment to innovation in data security. Cyberhaven’s solution is trusted by major companies such as Fox, Canon, Reddit, and SurveyMonkey, underscoring its effectiveness and reliability in protecting intellectual property and sensitive information.
Fred Wang of Adams Street Partners highlighted Cyberhaven’s transformative approach to data security, particularly its use of AI to track data lineage and understand data risks. Wang expressed confidence in Cyberhaven’s ability to set new industry standards and supported the company’s vision for continued growth and innovation in tackling some of the most pressing data security challenges today.
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