ExtraHop, a company in the IT analytics and network detection and response business, on Wednesday announced it had secured $100 million in growth funding from existing investors and key new additions to its executive team.
The Seattle-based company, which was acquired by a pair of private equity firms in 2021, said the new investment comes at a time when it doubled ARR (annual recurring revenue) to $200 million in 2023.
Alongside the news of the new financing, ExtraHop said it hired Marc Andrews as Chief Revenue Officer (CRO) and Kanaiya Vasani as Chief Product Officer (CPO) to drive future growth.
Andrews previously led global sales at cybersecurity leaders Symantec and Blue Coat Systems while Vasani most recently worked at Infoblox, where he led the company’s product team and scaled its security business.
ExtraHop sells a range of software products for organizations to manage network detection and response and AI-powered IT analytics tasks.