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Today: May 23, 2024
January 10, 2024
1 min read

ExtraHop: Surges Forward with $100M in Growth Capital

TLDR:

  • Seattle-based company ExtraHop has raised $100 million in growth capital.
  • The company specializes in cloud-native network detection and response.
  • The funds will be used to expand operations and business reach.

ExtraHop, a Seattle-based company that specializes in cloud-native network detection and response (NDR), has raised $100 million in growth capital. The funding round saw participation from undisclosed existing investors. The company plans to use the funds to expand its operations and business reach.

ExtraHop’s Reveal(x) platform provides organizations with 360-degree visibility, allowing them to automatically discover new, rogue, and unmanaged devices, detect late-stage attack activity using machine learning-based technology, and remediate threats quickly.

The company has recently made several updates and developments. It open-sourced its 16 million row dataset to help defend against domains generated by algorithms (DGAs) and empower organizations to strengthen defenses against malware and botnet operations. It also strengthened its partnership with CrowdStrike by embedding CrowdStrike Falcon Intelligence within the Reveal(x) platform.

To support its next stage of growth in the NDR market, ExtraHop has added Marc Andrews as Chief Revenue Officer (CRO) and Kanaiya Vasani as Chief Product Officer (CPO).

The $100 million in growth capital will provide ExtraHop with the necessary resources to expand its operations and reach in the cloud-native network detection and response market. This investment is a testament to the company’s innovative technology and its potential for growth and success in the cybersecurity industry.

In conclusion, ExtraHop’s recent funding round and developments highlight the increasing demand for cloud-native network detection and response solutions in the cybersecurity industry. The company’s Reveal(x) platform offers organizations comprehensive visibility and protection against threats, making it an attractive option for businesses looking to enhance their cybersecurity defenses.

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