Cloud-native network detection and response (NDR) provider, ExtraHop, has successfully secured $100 million in growth capital from existing investors, with the transaction expected to close in early 2024.
ExtraHop ended 2023 with approximately $200 million in annual recurring revenue (ARR), doubling over the past few years.
“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,” said Greg Clark, CEO, ExtraHop, and managing partner, Crosspoint Capital Partners.
ExtraHop appoints new distributors in PH, Indonesia for Asean expansion
ExtraHop reveals 73% of companies report drop in net income a year after data breach
ExtraHop’s Reveal(x) platform provides 360-degree visibility, automatically discovering new, rogue, and unmanaged devices, utilizing machine learning for late-stage attack detection, and facilitating swift threat remediation. The company recently open-sourced a 16 million-row dataset to bolster defenses against algorithm-generated domains (DGAs) and enhance resilience against malware and botnet operations. ExtraHop has also strengthened its partnership with CrowdStrike by integrating CrowdStrike Falcon Intelligence into the Reveal(x) platform.
New leaders
To support the next phase of growth in the NDR market, ExtraHop has welcomed Marc Andrews as chief revenue officer (CRO) and Kanaiya Vasani as chief product officer (CPO).
Andrews, CRO at ExtraHop, brings extensive experience as a sales leader in the cybersecurity domain, with a successful track record at Symantec and Blue Coat Systems. As a Crosspoint Capital Operating Partner, Andrews has played a key role in driving growth for the firm’s portfolio companies.
Vasani, CPO at ExtraHop, boasts over 30 years of experience in networking and security. His background includes leadership roles at Infoblox, Juniper Networks, and Terayon Communications, demonstrating a strong ability to define corporate strategy and drive product development for customer success.