Cybersecurity company ExtraHop announced $100 million in new funding from existing investors, as well as the hiring of two C-suite executives.
The company also said that it ended the year with approximately $200 million in annual recurring revenue, double from what it reported in 2021. It has more than 700 employees.
ExtraHop, founded in Seattle in 2007, was acquired by private equity firms Bain Capital and Crosspoint Capital in a $900 million deal in June 2021. It had raised $61.6 million before the acquisition.
“ExtraHop is poised to be one of the next revolutionary businesses in this new era of cybersecurity, and this new infusion of capital will help the company build on its recent success and scale to new heights,” CEO Greg Clark said in a statement.
Clark, a Crosspoint Capital managing partner, took over leadership in October. He replaced Patrick Dennis, who held the role for less than two years.
ExtraHop uses machine learning to help companies prevent, detect and eliminate threats on their networks. Its offerings include its Reveal(x), a software-as-a-service security platform.
The company also announced Tuesday that Marc Andrews is taking the role of chief revenue officer. He previously led global sales at cybersecurity companies Symantec and Blue Coat Systems. Andrews is an operating officer with Crosspoint Capital.
Kanaiya Vasani is joining as chief product officer. Vasani comes from Infoblox, where he scaled the company’s security business. His other former roles include leadership positions at Juniper Networks and Terayon Communications.
In July, ExtraHop co-founder Jesse Rothstein left his role as chief technology officer and is currently a member of the board, and co-founder Raja Mukerji moved from chief customer officer to chief scientist.
Editor’s note: Story updated to reflect Jesse Rothstein’s changed role and to include ExtraHop’s headcount.
