ExtraHop Networks

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ExtraHop Networks, Inc.
TypePrivate
IndustryTechnology
Founded2007
FoundersJesse Rothstein
Raja Mukerji
HeadquartersSeattle, WA
Websitewww.extrahop.com

ExtraHop is a network detection and response provider headquartered in Seattle, Washington. ExtraHop helps organizations understand and secure their environments by analyzing all network interactions in real-time and leveraging machine learning to identify threats, deliver critical applications, and secure investments in the hybrid cloud.

History[]

Jesse Rothstein and Raja Mukerji founded ExtraHop in 2007. The co-founders were formerly senior engineers at F5 Networks and architects of the BIG-IP v9 product.

Early on, ExtraHop acquired $6.6 million in funding from the Madrona Venture Group and other private investors including Marc Andreessen and Ben Horowitz.[1] In May 2014, the company closed a $41 million Series C round led by Technology Crossover Ventures (TCV). Other participants in this round included existing investors Meritech Capital Partners and Madrona Venture Group, as well as private investors including Sujal Patel, former CEO and founder of Isilon Systems. This round brought ExtraHop’s total venture funding to $61.6 million.[2]

In December 2014, the company appointed John Matthews as Chief Information Officer.[3] In July 2016, ExtraHop brought on Arif Kareem, former president of the Fluke Networks division of Fluke Corporation, as CEO with co-founder Jesse Rothstein moving into the CTO role.[4] In January 2017, Bryce Hein joined the company as SVP of Marketing[5] (promoted to CMO in 2020), and in June 2017, Chris Lehman was appointed SVP of Worldwide Sales[6] (promoted to CRO in 2020). In 2019, Bill Ruckelshaus joined the company as CFO.[7]


After debuting as a Visionary in the Gartner Magic Quadrant for Network Performance Monitoring and Diagnostics in 2017, [8] in 2018 ExtraHop formally expanded into the cyber security market with the release of the Reveal(x) product. In January 2019, the company announced having booked $100 million in revenue for the previous year. [9] ExtraHop was also named to Wealthfront's Career-Launching Companies List in 2019 and 2020. [10]

In June 2021, ExtraHop announced the company's intended acquisition by Bain Capital and Crosspoint Capital Partners for $900 million. [11]

Products[]

ExtraHop is headquartered on the 16th floor of 520 Pike Tower in downtown Seattle

ExtraHop sells products for Security and IT Operations use cases. The company launched the Reveal(x)[12] network detection and response product for Security Operations teams in 2018. [13] In 2020, the company introduced Reveal(x) 360,[14] a fully SaaS-based version of their network detection and response platform. [15]

The core of ExtraHop technology is a passive network appliance that uses a network tap or port mirroring to receive network traffic, and then performs real-time full-stream reassembly to extract application-level protocol metrics and other custom-specified information contained in the transaction payload.[16] A subset of these metrics is sent to the cloud where they are used as machine learning features to proactively detect anomalous behavior that could indicate data breaches, ransomware, and other threats as well as performance issues.[17]

The ExtraHop network sensors can be deployed with self-managed physical and virtual appliances, or as a zero-infrastructure SaaS product. The product is cloud-agnostic, and sensors can be deployed on-premises in data centers, on campus, at remote sites, and in multiple cloud environments including Amazon Web Services (AWS), Microsoft Azure ,and Google Cloud Platform (GCP).

References[]

  1. ^ "Marc Andreessen, Madrona back ExtraHop Networks with $5 mil".
  2. ^ "ExtraHop Raises $41M Series C Round for Its Real-Time IT Analytics Service".
  3. ^ Frank, Blair (19 December 2014). "Tech Moves: ExtraHop recruits F5 exec as CIO, Move gets new CEO, and more". GeekWire. Retrieved 19 December 2014.
  4. ^ "ExtraHop hires former Fluke Networks president as CEO". Seattle Times. July 26, 2016.
  5. ^ "| ExtraHop". www.extrahop.com. Retrieved 2021-04-29.
  6. ^ "| ExtraHop". www.extrahop.com. Retrieved 2021-04-29.
  7. ^ "ExtraHop Announces Bill Ruckelshaus as New CFO | ExtraHop". www.extrahop.com. Retrieved 2021-04-29.
  8. ^ "ExtraHop Debuts as a Visionary in the Gartner Magic Quadrant for Network Performance Monitoring and Diagnostics". ExtraHop. February 27, 2017.
  9. ^ "Seattle hybrid cloud security startup ExtraHop touts bookings growth, says it's on an IPO path". GeekWire. January 15, 2019.
  10. ^ "ExtraHop is Named to Wealthfront's 2019 Career-Launching Companies List". ExtraHop. December 19, 2018.
  11. ^ "Bain Capital and Crosspoint Capital Partners Buy ExtraHop Networks". Wall Street Journal. June 8, 2021.
  12. ^ "Reveal(x) Enterprise: Network Detection and Response | ExtraHop". www.extrahop.com. Retrieved 2021-04-29.
  13. ^ "ExtraHop Introduces Reveal(x) to Expose Attacks on Critical Assets and Automate Investigations".
  14. ^ "Reveal(x) 360: SaaS-Based Network Detection & Response | ExtraHop". www.extrahop.com. Retrieved 2021-04-29.
  15. ^ "ExtraHop to Bring Enterprise Network Traffic Analysis to the Cloud through Microsoft Azure".
  16. ^ "How the ExtraHop Appliance Works".
  17. ^ "ExtraHop mines the network to glean operations intelligence". NetworkWorld.com. 2013-10-04. Retrieved 2015-03-05.
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