AI-Powered Data Security Company Cyberhaven Scores $88 Million

<p><strong>SAN JOSE <&sol;strong>&&num;8212&semi; Cyberhaven&comma; a company specializing in data detection and response &lpar;DDR&rpar;&comma; has raised &dollar;88 million in Series C funding led by Adams Street Partners&comma; LLC and Khosla Ventures&comma; with significant participation from existing investors Redpoint Ventures&comma; Costanoa Ventures&comma; Vertex Ventures&comma; Crane Venture Partners&comma; and Wing Venture Capital&period; Prominent security leaders including Amol Kulkarni&comma; former CPO at CrowdStrike&comma; Gerhard Eschelbeck&comma; former CISO at Google&comma; Ash Devata&comma; former GM of Duo at Cisco&comma; and others also participated&period; The round underscores a breakout year for the company&comma; marked by 200 percent growth in new bookings&period; As part of this financing&comma; Fred Wang&comma; Partner at Adams Street&comma; will join Cyberhaven&&num;8217&semi;s board of directors&period;<&sol;p>&NewLine;<p>Data is every organization&&num;8217&semi;s most valuable asset&comma; yet it remains the most vulnerable&period; Cyberhaven protects the intellectual property that traditional data loss prevention &lpar;DLP&rpar;&comma; insider risk&comma; and data security posture management &lpar;DSPM&rpar; tools fail to identify and secure—data like source code&comma; product designs&comma; and customer records&period; With its pioneering data lineage technology and foundational AI model that understands not only content but also context&comma; Cyberhaven is uniquely able to classify any sensitive information&comma; understand when it is at risk&comma; and take action to protect it&period;<&sol;p>&NewLine;<p>&&num;8220&semi;Cyberhaven is addressing some of the most pressing challenges in data security today&comma; particularly protecting IP from insider threats&comma;&&num;8221&semi; said Fred Wang of Adams Street&period; &&num;8220&semi;Their innovative approach to tracking data lineage and applying AI to understand data and risk is transformative&period; We believe Cyberhaven is setting a new standard in the industry and are excited to support their continued growth and innovation&period;&&num;8221&semi;<&sol;p>&NewLine;<p>The Cyberhaven platform protects data as it moves between clouds&comma; devices&comma; web&comma; email&comma; messaging&comma; and generative AI tools&period; Cyberhaven Labs recently reported a 485 percent increase in corporate data flowing to AI systems over the past year&comma; much of it going to risky &&num;8220&semi;shadow AI&&num;8221&semi; apps&period; Organizations recognize that in the AI economy their data is the key to winning their markets and unlocking immense value&period; But to fully realize that potential&comma; they must understand their data like never before&comma; including its origins and how it is used over time&period;<&sol;p>&NewLine;<p>Ethan Choi&comma; Partner at Khosla Ventures added&comma; &&num;8220&semi;AI introduces new data security risks&comma; from the dangers of &&num;8216&semi;shadow AI&&num;8217&semi; where employees input confidential data into prompts for AI services&comma; to the generation of malicious or inaccurate AI content used in business-critical areas&period; Cyberhaven&&num;8217&semi;s technology addresses these new threat vectors with their unique approach to data lineage&comma; making it an essential solution for CISOs of the most innovative companies in the world&period;&&num;8221&semi;<&sol;p>&NewLine;<p>&&num;8220&semi;We are thrilled to welcome Adams Street and Khosla Ventures to our mission of protecting the world&&num;8217&semi;s top innovators&comma; who are increasingly dependent on AI and data&comma;&&num;8221&semi; said Howard Ting&comma; CEO of Cyberhaven&period; &&num;8220&semi;Our groundbreaking data lineage technology has elevated the efficacy of our customers&&num;8217&semi; DLP and insider risk programs but we&&num;8217&semi;re just getting started&period; This funding will enable us to rapidly expand our platform and grow the DDR category&period;&&num;8221&semi;<&sol;p>&NewLine;<p>With this new investment&comma; Cyberhaven plans to expand its product offerings&comma; increase its market reach&comma; and continue its mission to protect the world&&num;8217&semi;s most sensitive data&period;<&sol;p>&NewLine;