ExtraHop, a Seattle-based cybersecurity company, has secured $100 million in growth capital from existing investors. This funding comes as ExtraHop recorded nearly $200 million in annual recurring revenue in 2023, more than double its ARR in previous years. The company has also added cybersecurity veterans to its executive team to support its continued expansion.
ExtraHop’s cloud-native network detection and response, or NDR platform, Reveal(x), offers organizations visibility and decryption solutions to help them automatically discover new devices, detect late-stage attack activity and quickly remediate threats. The company has also strengthened its partnership with CrowdStrike by embedding CrowdStrike’s Falcon Intelligence solution within the Reveal(x) platform.
To support its next stage of growth, ExtraHop has welcomed Marc Andrews, formerly of Symantec, as chief revenue officer and Kanaiya Vasani, previously from Infoblox, as chief product officer. With this new capital infusion and additional leadership, ExtraHop aims to further develop its technology and help customers manage and mitigate cyber risks.
