ExtraHop, a leading cloud-native Network Detection and Response (NDR) company, has successfully secured $100 million in growth capital from existing investors. This development follows ExtraHop’s robust performance in 2023, marked by impressive financial growth, industry recognition, and accolades for its innovative cybersecurity technology.
What you should know
- ExtraHop ends 2023 with around $200 million in Annual Recurring Revenue (ARR), doubling over the past few years.
- The company received the prestigious 2023 Best AI-based Solution for CyberSecurity award and was recognized as a Leader in The Forrester Wave™.
- ExtraHop’s Reveal(x) platform, offering 360-degree visibility, proves crucial for automatically discovering devices, detecting late-stage attacks, and remediating threats. The recent open-sourcing of a massive dataset enhances defense against algorithm-generated domains (DGAs).
- ExtraHop welcomed Marc Andrews as Chief Revenue Officer (CRO) and Kanaiya Vasani as Chief Product Officer (CPO) to support its next stage of growth in the NDR market.
“ExtraHop is poised to be one of the next revolutionary businesses in this new era of cybersecurity, and this new infusion of capital will help the company build on its recent success and scale to new heights. ExtraHop is committed to building upon its heritage of developing groundbreaking technology to help customers better manage and mitigate their cyber risk. We believe this investment will further accelerate the company’s roadmap as it delivers essential tools to combat today’s modern threats.”
Greg Clark, CEO, ExtraHop, and Managing Partner, Crosspoint Capital Partners
ExtraHop’s significant funding, strong financial performance, and industry recognition position the company as a cybersecurity powerhouse. The cybersecurity firm aims to leverage the investment to propel its growth, expand its technology roadmap, and strengthen its position as a leader in the NDR market.
