ExtraHop Raises $100M in Series F

ExtraHop has successfully raised $100M in a Series F at a $1B valuation led by Lead Edge Capital, Qumra Capital.

Company Overview

ExtraHop is a Cybersecurity company headquartered in Seattle, WA, founded in 2007 with 600+ employees.

Network detection and response platform

Fundraising Details

• Amount Raised: $100M
• Round Type: Series F
• Valuation: $1B
• Date: 2024-08-20
• Investors: Lead Edge Capital, Qumra Capital

About ExtraHop

Network detection and response platform The company is positioned in the Cybersecurity sector, serving a growing market with innovative solutions.

Key Information

• Headquarters: Seattle, WA
• Founded: 2007
• Team Size: 600+
• Industry: Cybersecurity

What This Means

This funding round demonstrates strong investor confidence in ExtraHop's vision and execution. The capital will likely be used to:

• Scale Operations: Expand the team and operational capacity
• Product Development: Enhance existing products and develop new features
• Market Expansion: Enter new markets and strengthen presence in existing ones
• Technology Investment: Invest in infrastructure and technology capabilities

Industry Context

The Cybersecurity sector continues to attract significant investment as companies innovate to meet evolving market demands. ExtraHop's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $1B valuation marks an important milestone for ExtraHop, positioning the company among notable players in the Cybersecurity industry.

Looking Ahead

With this new capital, ExtraHop is well-positioned to execute on its growth strategy and continue building innovative solutions in the Cybersecurity space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.

This fundraising news was reported on 2024-08-20. For more information about ExtraHop, visit their headquarters at Seattle, WA.