Cyberhaven Raises $33M Series B Financing
Gunderson Dettmer represented client Cyberhaven, a data-detection and response platform, in its $33 million Series B financing led by Redpoint Ventures. The company’s platform provides SaaS-based services that protect intellectual property and sensitive data from theft and misuse.
In the announcement of the transaction, CEO of Cyberhaven Howard Ting said, “Enterprises are defined by their data, and it’s time to put data at the center of their security model. DLP, CASB, and Insider Risk tools all nibble at disparate parts of the data security problem without solving the underlying issue. We are disrupting these product categories that have caused so much pain and frustration by using data lineage to automatically find and protect sensitive data of any type, in any file format, anywhere in the enterprise. This breakthrough innovation enables workflows to move to the cloud without enterprises losing visibility and control of what matters most – the data.”
The Gunderson deal team was led by partners Andy Bradley and Nicholas Markman and associates Anjuli Schlievert, Phoebe Hung, and Lauren Lockett.