05 December 2019:
Cyberhaven has raised $13 million in Series A round of funding. The funding round was co-led by Vertex Ventures and Costanoa Ventures.
Crane Venture Partners and elite angel investors, including Facebook’s former Chief Security Officer Alex Stamos, Veritas’ co-founder and Facebook’s former VP of infrastructure engineering Jeff Rothschild, and Cloud Access Security Broker (CASB) market pioneer Kamal Shah also participated in the funding round.
As part of funding, In Sik Rhee, General Partner at Vertex Ventures, will join Cyberhaven’s board.
The company also launched Data Behavior Analytics (DaBA) solution.
Data Behavior Analytics (DaBA), provides the needed level of visibility. DaBA analyzes and records the flow of data across all corporate assets, including SaaS and homegrown applications.
Jeff Rothschild, said, “Protecting corporate data is one of the biggest unsolved problems in enterprise security today – Cyberhaven’s approach provides significant new capabilities to limit and identify data leakage while being simple for enterprises to manage.”
Jeff Rothschild, added, “Its Data Tracing technology is an important innovation that dramatically improves an organization’s ability to contain breaches and data loss. I’m proud of what Cyberhaven has accomplished and look forward to supporting its success.”
Volodymyr Kuznetsov, Co-founder and CEO of Cyberhaven, said, “A recurring theme we’ve heard from hundreds of CISOs is that when a data incident occurs, it takes too much manual work to understand what happened with the data — and this wasted time turns small incidents into costly data breaches.”
Volodymyr Kuznetsov, added, “With Cyberhaven, analysts no longer have to manually reconstruct data flows from bits and pieces of evidence in multiple tools to discern the root cause of a breach. Instead, Cyberhaven enables companies to detect and contain data loss, theft or misuse at machine speed.”
(Image – Cyberhaven)