Cyberhaven Raises $88 Million New Financing

Gunderson Dettmer represented client Cyberhaven, a data-detection and response platform, in its $88 million new financing led by Adams Street Partners. Cyberhaven’s cybersecurity platform relies on a model that aims to predict what users will do based on proprietary data showing how users have behaved in similar situations. This could involve a well-meaning employee integrating a service like OpenAI Inc.'s Chat GPT into their workflow and inadvertently exposing sensitive data, or an employee deliberately extracting sensitive information.

In the announcement of the transaction, CEO of Cyberhaven Howard Ting said, “It’s not that I’m worried about a hacker. It’s more like the insider risk.”

The Gunderson Dettmer deal team was co-led by Andy Bradley and Nic Markman and included Anjuli Schlivert and Marissa Boykin.