Cyberhaven has announced the close of a $13 million Series A funding round and the launch of its Data Behavior Analytics (DaBA) solution. Introducing a new approach to protecting business-critical data, Cyberhaven says it provides complete visibility into the behavior and movement of corporate trade secrets such as Intellectual Property (IP) and client data, across cloud and on-premise environments.
By observing and analyzing data’s behavior instead of relying on policies to control its flow, Cyberhaven enables security teams to instantly understand the root cause of data loss, reducing the time it takes to address incidents from weeks to minutes.
The round was co-led by Vertex Ventures and Costanoa Ventures, with participation from Crane Venture Partners and elite 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.
“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,” said Jeff Rothschild. “Its Data Tracing technology is an important innovation that dramatically improves an organization’s ability to contain breaches and data loss.”
Cyberhaven’s approach, Data Behavior Analytics (DaBA), provides the needed level of visibility. Unlike other solutions that use policies to control the flow of data, DaBA analyzes and records the flow of data across all corporate assets, including SaaS and homegrown applications.
When a data incident is suspected, security teams can instantly trace the path of exfiltrated data before and during the incident to immediately understand where the data went, who accessed it and when.
Cyberhaven is Generally Available as a SaaS service. According to the company, pricing is an annual subscription model, based on organization or department size.