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ExtraHop Networks: Cybersecurity company providing network detection and response (NDR) for enterprises, with real-time network traffic analysis.
ExtraHop Networks has raised $162.0M across 5 funding rounds.
Key people at ExtraHop Networks.
ExtraHop Networks has raised $162.0M in total across 5 funding rounds.
ExtraHop Networks is a Seattle, Washington-based cybersecurity company that provides network detection and response solutions using machine learning to analyze real-time traffic across on-premise and cloud environments. The enterprise software provider operates with a workforce of over 500 employees and serves a global client base of approximately 1,000 active customers. Operating on a subscription-based business model, the firm reached $100 million in annual recurring revenue in early 2021 before being acquired for a valuation of $900 million later that year. The buyout was executed by private equity firms Bain Capital Private Equity and Crosspoint Capital Partners, alongside previous financial backing from Madrona Venture Group. The company's enterprise customer portfolio includes major corporate entities such as The Home Depot, Concur, and Ulta Beauty. ExtraHop Networks was founded in 2007 by Jesse Rothstein and Raja Mukerji.
Key people at ExtraHop Networks.
ExtraHop Networks has raised $162.0M in total across 5 funding rounds.
ExtraHop Networks's investors include TCV, 83North, Altimeter Capital, Andreessen Horowitz, G20 Ventures, Ignition Partners, Madrona Ventures, Meritech Capital Partners, Pillar VC, Sutter Hill Ventures, Tola Capital, WestRiver Group.
ExtraHop Networks is a Seattle-based cybersecurity company specializing in network detection and response (NDR) through its RevealX and RevealX 360 platforms, which provide real-time visibility into network traffic to detect threats, vulnerabilities, and performance issues.[1][2][3][4] It serves enterprises in regulated sectors like government, finance, healthcare, energy, retail, and manufacturing, solving the problem of blind spots in hybrid environments by analyzing petabytes of data-in-flight with AI, machine learning, decryption, and behavioral analytics to enable faster threat detection and response.[3][4][5] The company has shown strong growth momentum, achieving over $300 million in total bookings in 2024, adding Fortune 100 clients, reaching $100 million in annual recurring revenue by 2021 with 40% expected growth that year, and securing 30 industry awards including Forbes AI 50.[3][5]
ExtraHop was co-founded in 2007 by Jesse Rothstein and Raja Mukerji, both former Senior Software Architects at F5 Networks, where they pioneered application delivery controllers.[1][5] Recognizing the untapped potential of network data amid advancing processing power, they launched the ExtraHop platform to extract real-time insights from data in motion, starting as a network performance management and application delivery assurance solution.[1][2] Early customer feedback drove pivots, including full packet capture enhancements and a major shift to cybersecurity with the RevealX platform in January 2018—11 years post-founding—capitalizing on their ability to detect zero-days like Shellshock and Heartbleed faster than rivals.[1][2] Arif Kareem joined as CEO in 2016, leading to rapid scaling; by 2021, ExtraHop was acquired in a $900 million deal by private equity firms, with founders retaining minority stakes and all 500+ employees staying on.[5]
ExtraHop rides the exploding demand for NDR amid cloud proliferation, IoT growth, remote work, and sophisticated threats, where traditional tools fail due to blind spots in encrypted, hybrid traffic.[2][3][4] Timing is ideal as organizations in high-stakes sectors prioritize packet-level visibility for resilience, positioning ExtraHop as a top-three leader in the second-fastest-growing cybersecurity segment with hundreds of enterprise customers.[2][3][5] Market forces like rising breaches and AI-driven attacks favor its scalable, decryption-first approach, influencing the ecosystem by redefining NDR standards, earning analyst leadership nods, and enabling security teams to reclaim advantage through customer-led innovation.[1][2][4]
ExtraHop enters 2025 with robust momentum from 2024 revenue growth and Fortune 100 wins, poised to expand its AI-powered RevealX 360 amid escalating cyber risks and hybrid complexity.[3] Trends like petabyte-scale ML, zero-trust architectures, and regulated-sector mandates will propel further dominance, potentially through deeper cloud integrations and global scaling. Its influence may evolve from performance monitoring pioneer to indispensable cyber resilience backbone, arming teams against unseen threats in an increasingly digital world—proving the network's enduring power as the ultimate truth source.[2][3]
ExtraHop Networks has raised $162.0M across 5 funding rounds. Most recently, it raised $100.0M Other Equity in January 2024.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jan 9, 2024 | $100.0M Other Equity | ||
| May 1, 2014 | $41.0M Series C | TCV | 83North, Altimeter Capital, Andreessen Horowitz, G20 Ventures, Ignition Partners, Madrona Ventures, Meritech Capital Partners, Pillar VC, Sutter Hill Ventures, Tola Capital, WestRiver Group, Sujal Patel |
| May 1, 2011 | $14.0M Series B | Meritech Capital Partners | 83North, Altimeter Capital, Ignition Partners, Madrona Ventures, Sutter Hill Ventures, Tola Capital |
| Apr 1, 2009 | $5.0M Series A | Madrona Ventures | Almaz Capital, Altimeter Capital, Andreessen Horowitz, Ignition Partners, Quest Venture Partners, Sutter Hill Ventures, George Garrick, Marc Benioff, Ben Horowitz, Marc Andreessen |
| Nov 1, 2007 | $2.0M Seed | Altimeter Capital, Madrona Ventures, Sutter Hill Ventures |
