Cyberhaven, a company specializing in AI-driven data security solutions, has announced the successful completion of a $100 million Series D funding round. The round was led by StepStone Group, with participation from new investors Schroders and Industry Ventures. This brings the total funding raised by the company to $250 million and elevates its valuation to $1 billion.
Cyberhaven provides a data security platform designed to help organizations detect and mitigate risks to sensitive data through its proprietary data lineage and AI technologies. The platform offers enhanced capabilities for tracing and securing data as it moves and transforms across various systems, helping organizations respond to risks in real time.
“Cyberhaven is committed to addressing the evolving challenges in data security with a new approach that focuses on providing organizations with visibility and control over their data across complex environments,” said Howard Ting, CEO of Cyberhaven.
The company’s platform utilizes a large-scale data lineage model to track the movement and transformation of data, giving organizations a precise understanding of their data flows. This approach is designed to provide more effective detection and prevention of data threats compared to traditional security methods, particularly in the context of modern AI and cloud technologies.
Cyberhaven‘s new funding will support its ongoing growth, including expanding its platform capabilities and increasing market presence. The company plans to continue developing both organically and through strategic acquisitions, further advancing its mission to secure sensitive data in a rapidly changing technological landscape.
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