Network detection and response (NDR) provider ExtraHop announced it has secured USD 100 million in funding from existing investors. The company was acquired by Bain Capital and Crosspoint in 2021 in a USD 900 million mega-deal, having raised USD 61.6 million previously.
This new funding follows on from a strong year for ExtraHop, with the company reporting USD 200 million in annual recurring revenue (ARR) for 2023, double the figure reported in 2021. The company also reported an employee count of 700.
ExtraHope also announced two new C-suite appointments: Marc Andrews, former leader of global sales at Symantec and Blue Coat Systems and operating partner at CrossPoint Capital, taking on the role of chief revenue officer (CRO), and Kanaiya Vasani, former product lead at InfoBlox, joining as chief product officer (CPO).
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