Cyberhaven Raises $100 Million Series D at $1 Billion Valuation
- Editor
- Apr 2
- 1 min read
Whats Happening:
Cyberhaven, a leader in AI-powered data security, has secured $100 million in Series D funding led by StepStone Group, with participation from new investors Schroders and Industry Ventures. This investment brings Cyberhaven's total funding to $250 million and propels the company to a $1 billion valuation, a sevenfold increase in just one year. The funding will be used to expand the company's platform, increase market reach, and continue its mission to protect sensitive data.
Key Moves:
Cyberhaven raises $100 million in Series D funding
Company reaches $1 billion valuation, a sevenfold increase in one year
Funding to be used for platform expansion and market reach
By The Numbers:
$100 million raised in Series D funding
$250 million total funding to date
$1 billion valuation achieved
Key Quotes:
"We are building the data security platform to tackle the most difficult challenges facing enterprise security teams with a fundamentally new approach," said Howard Ting, CEO of Cyberhaven.
"We're witnessing a paradigm shift in data security similar to Endpoint Detection and Response a decade ago," said Seyonne Kang, Partner at StepStone Group.
Bottom Line:
Cyberhaven's successful Series D funding round and $1 billion valuation highlight the growing importance of AI-powered data security solutions in today's rapidly evolving technological landscape. The company's innovative approach to data lineage and risk detection positions it as a leader in addressing critical data protection challenges faced by organizations worldwide.
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