June 12, 2024 at 12:45PM
AI-powered data security company Cyberhaven raised $88 million in a Series C funding round led by Adams Street Partners and Khosla Ventures, with participation from other investors. Its total funding now exceeds $136 million, valuing the company at $488 million. The investment will be used to expand product offerings and market reach. Cyberhaven’s platform helps track and protect sensitive data and includes an autonomous AI agent to combat insider risks. The startup claims major companies like Fox, Canon, Reddit, and SurveyMonkey use its solution.
From the meeting notes, the key takeaways are:
– Cyberhaven has secured $88 million in a Series C funding round, bringing the total raised to over $136 million. The funding was led by Adams Street Partners and Khosla Ventures, with participation from other venture capital firms and angel investors.
– The company is now valued at $488 million, and the newly raised funds will be used to expand product offerings and increase market reach.
– Cyberhaven has developed a data detection and response platform to help organizations track and protect sensitive data, with a specific focus on addressing insider threats.
– The company recently launched an autonomous AI agent to combat insider risks, and it asserts that its solution is already being used by major companies such as Fox, Cannon, Reddit, and SurveyMonkey.