{"id":24775,"date":"2021-06-09T06:02:31","date_gmt":"2021-06-09T06:02:31","guid":{"rendered":"https:\/\/rbsitsoftwaresolution.com\/blog\/network-security-startup-extrahop-skips-and-jumps-to-900m-exit.html"},"modified":"2021-06-09T06:02:31","modified_gmt":"2021-06-09T06:02:31","slug":"network-security-startup-extrahop-skips-and-jumps-to-900m-exit","status":"publish","type":"post","link":"https:\/\/www.rbsitsoftwaresolution.in\/blog\/network-security-startup-extrahop-skips-and-jumps-to-900m-exit.html","title":{"rendered":"Network security startup ExtraHop skips and jumps to $900M exit"},"content":{"rendered":"

Last year, Seattle-based<\/span> network security startup ExtraHop<\/a> was riding high, quickly approaching $100 million in ARR<\/a> and even making noises about a possible IPO in 2021. But there will be no IPO, at least for now, as the company announced this morning it has been acquired by a pair of private equity firms for $900 million.<\/p>\n

The firms, Bain Capital Private Equity and Crosspoint Capital Partners, are buying a security solution that provides controls across a hybrid environment, something that could be useful as more companies find themselves in a position where they have some assets on-site and some in the cloud.<\/p>\n

The company is part of the narrower Network Detection and Response (NDR) market. According to Jesse Rothstein, ExtraHop\u2019s chief technology officer and co-founder, it\u2019s a technology that is suited to today\u2019s threat landscape, \u201cI will say that ExtraHop\u2019s north star has always really remained the same, and that has been around extracting intelligence from all of the network traffic in the wire data. This is where I think the network detection and response space is particularly well suited to protecting against advanced threats,\u201d he told TechCrunch.<\/p>\n

The company uses analytics and machine learning to figure out if there are threats and where they are coming from, regardless of how customers are deploying infrastructure. Rothstein said he envisions a world where environments have become more distributed with less defined perimeters and more porous networks.<\/p>\n

\u201cSo the ability to have this high-quality detection and response capability utilizing next generation machine learning technology and behavioral analytics is so very important,\u201d he said.<\/p>\n

Max de Groen, managing director at Bain, says his company was attracted to the NDR space, and saw ExtraHop as a key player. \u201cAs we looked at the NDR market, ExtraHop, which [ \u2026 ] has spent 14 years building the product, really stood out as the best individual technology in the space,\u201d de Groen told us.<\/p>\n

Security remains a frothy market with lots of growth potential. We continue to see a mix of startups and established platform players jockeying for position, and private equity firms often try to establish a package of services. Last week, Symphony Technology Group bought FireEye\u2019s product group<\/a> for $1.2 billion, just a couple of months after snagging<\/a> McAfee\u2019s enterprise business for $4 billion as it tries to cobble together a comprehensive enterprise security solution.<\/p>\n

Article source: http:\/\/feedproxy.google.com\/~r\/techcrunchIt\/~3\/-EdzQDGjkwE\/<\/p>","protected":false},"excerpt":{"rendered":"

Last year, Seattle-based network security startup ExtraHop was riding high, quickly approaching $100 million in ARR and even making noises about a possible IPO in 2021. But there will be <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[19],"tags":[25],"class_list":["post-24775","post","type-post","status-publish","format-standard","hentry","category-enterprise-software","tag-enterprise"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t