Cyberhaven has announced the close of a $13 million Series A funding round together with its launch of Data Behavior Analytics (DaBA) solution.
Founded by security researchers which hold PhDs in Computer Systems and Security and have held research positions at Stanford, MIT, EPFL, and UC Berkeley, Cyberhaven is also supported by DARPA and Swiss Federal Government grants while their core technology is backed up by four patents. Cyberhaven aims to provide complete visibility into the behavior and movement of Intellectual Property (IP), client data and other corporate trade secrets, across cloud and on-premise environments.
Two firms have co-led the funding
The funding was co-led by Vertex Ventures and Costanoa Ventures, with participation from Crane Venture Partners and 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. In Sik Rhee, General Partner at Vertex Ventures will join Cyberhaven’s board after the funding.
One of the angel investors Jeff Rothschild says “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,”, adding “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.”
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