By VC News Daily

SAN JOSE, CA, Cyberhaven, the leader in data detection and response (DDR), today announced it has raised $88 million in Series C funding.

The round was led by Adams Street Partners and Khosla Ventures, with significant participation from existing investors Redpoint Ventures, Costanoa Ventures, Vertex Ventures, Crane Venture Partners, and Wing Venture Capital. Prominent security leaders including Amol Kulkarni, former CPO at CrowdStrike, Gerhard Eschelbeck, former CISO at Google, Ash Devata, former GM of Duo at Cisco, and others also participated. The round underscores a breakout year for the company, marked by 200 percent growth in new bookings. As part of this financing, Fred Wang, Partner at Adams Street, will join Cyberhaven’s board of directors.

Cyberhaven is the AI-powered data security company revolutionizing how companies detect and stop the most critical insider threats to their most important data. Until now, data security products were limited to scanning data content and looking for specific user actions. Cyberhaven’s AI technology analyzes billions of workflows to understand every piece of data within an organization, when it’s at risk, and takes action to protect it.

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Source: VC News Daily