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Cyberhaven Raises $100 Million Series D at $1 Billion Valuation

Cyberhaven Raises $100 Million Series D at $1 Billion Valuation

April 11, 2025 Craig Etkin

Data Detection and Response Leader Delivers the Most Powerful Data Security Platform Built with Data Lineage and AI

PALO ALTO, Calif., April 2, 2025 /PRNewswire/ — Cyberhaven, the leader in AI-powered data security, today announced $100 million in Series D funding led by StepStone Group (Nasdaq: STEP) along with new investors Schroders and Industry Ventures, to further accelerate its rapid growth and cement its position as the leader in AI-powered data protection. The company’s innovative data tracing and risk detection capabilities, powered by its proprietary data lineage and foundational AI technologies, enable organizations to accurately detect and stop critical risks to their most important data. This latest investment brings Cyberhaven’s total funding to $250 million and propels the company to a $1 billion valuation, a sevenfold increase in just one year.

“We are building the data security platform to tackle the most difficult challenges facing enterprise security teams with a fundamentally new approach,” said Howard Ting, CEO of Cyberhaven. “In today’s AI-driven world, data protection must evolve beyond traditional approaches and boundaries. We’re giving organizations complete visibility and real-time control over their data, regardless of how it transforms or where it flows.”

The explosion of AI and cloud technologies has fundamentally changed how data is captured, processed and utilized within organizations. Data is no longer confined to files; instead, it’s highly fragmented and constantly moving—spreading across endpoints, cloud platforms, and AI systems in ways that traditional security tools cannot effectively track or protect. As data transforms and flows between applications, the risk of sensitive information being exposed or misused increases exponentially.

Cyberhaven’s revolutionary approach centers on data lineage—the ability to trace how data originates, moves, and transforms throughout an organization at a scale and precision unmatched by any other solution in the market. The company’s cutting-edge platform is built on a proprietary AI model operating on this graph of data movement—a Large Lineage Model (LLiM). This AI-powered foundation provides unparalleled real-time observability of data flows and unprecedented precision for detecting and stopping threats to data as they are happening.

“We’re witnessing a paradigm shift in data security similar to Endpoint Detection and Response a decade ago,” said Seyonne Kang, Partner at StepStone Group. “Just as EDR revolutionized endpoint security by focusing on behavior rather than signatures, Cyberhaven’s Data Detection and Response approach is redefining data security by applying AI-based behavioral analysis to data. We’re excited to partner with this incredible team as they build the future of data protection in a world where data is constantly in motion.”

With this new funding, Cyberhaven plans to expand its platform through both M&A and organic innovation, increase its market reach through aggressive go-to-market investments, and continue its mission to protect the world’s most sensitive data.

About Cyberhaven
Cyberhaven is the AI-powered data security company revolutionizing how companies detect and stop the most critical threats to their most important data. Until now, data security products were limited to scanning data content and looking for specific user actions. Our AI technology analyzes billions of workflows to understand every piece of data within an organization, when it’s at risk, and takes action to protect it. It’s like nothing that’s come before and protects data like nothing else. For more information, visit https://www.cyberhaven.com/.

SOURCE Cyberhaven

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Fabric, a leader in care delivery and consumer experience, has announced the acquisition of UCM Digital Health (UCM), a leading digital health and telehealth provider. The acquisition expands Fabric's services to about 400 new employer and payer customers, adding one million covered lives. Fabric now serves over 75 health systems, 30,000 employers, and over 100 million lives across all 50 states. This marks Fabric’s fifth acquisition in less than three years, underscoring its strategic build-and-buy approach to unify the fragmented digital health landscape. By expanding its footprint in the payer and employer markets, Fabric is extending its comprehensive care access and experience platform paired with its nationwide provider network to streamline virtual-first care, expand access, improve efficiency and outcomes, and reduce both medical and overhead costs.

In a statement Aniq Rahman, CEO and Founder of Fabric said, "For Fabric, it’s about making healthcare more accessible.” “We’ve already made meaningful progress in the payer and employer markets, and this acquisition allows us to deepen that impact. By bringing more payers and employers onto our platform, we’re creating a connected experience that streamlines workflows, reduces friction and costs, and ultimately drives better outcomes for members and our partners." Moving forward, the 400 payers and employers served by UCM will transition to Fabric’s expanded technology and clinical network, gaining access to enhanced omnichannel patient experiences that improve efficiency before, during, and after virtual care. Through Fabric’s nationwide provider network, patients can receive a treatment plan for most common medical conditions in just five minutes or connect with a behavioral health provider within three days.

Fabric is a health tech company on a mission to solve healthcare’s access problem. Fabric’s integrated care platform offers personalized guidance, streamlines workflows, and unifies experiences across virtual and in-person care. Its solutions support care delivery from a patient’s first search to post-treatment follow-up using its proprietary Hybrid AI that combines conversational AI and physician-built clinical logic. Together with a nationwide network of medical and behavioral health providers, Fabric is realizing its vision of providing care for everyone, everywhere. The company advances connected delivery that improves access, outcomes, and equity across every stage of the patient journey. Today, Fabric serves 30,000 employers, payers, and enterprise organizations, including OSF HealthCare, MUSC Health, Highmark, and Intermountain Health. Fabric is backed by General Catalyst, Thrive Capital, GV (Google Ventures), Salesforce Ventures, Vast Ventures, BoxGroup, and Atento Capital.
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Flex has closed a $60 million Series B equity round led by Portage, bringing total equity raised to $105 million. In the last year, the company has quadrupled revenue and tripled its payments volume to $3 billion as it scales its all-in-one business and personal finance platform for high-net-worth middle-market business owners. Running a profitable middle-market business has become one of the most complex financial jobs in America, with owners often juggling more than ten disconnected systems to manage their money. Flex was created to give these high net worth owners a single place to run both their business and personal finances. This latest $60 Million equity round, followed by its $200 Million debt and $25 Million equity raise announced earlier this year, builds on a period of rapid hypergrowth. In just 12 months, Flex has grown revenue fourfold and increased annualized total payments volume from $1 billion to $3 billion across a suite of products, positioning Flex as one of the fastest-growing fintech companies at scale with best-in-class capital efficiency.

Flex is building the category-defining company solving this gap for high net worth business owners with a five-pillar strategy built around private credit, a business finance stack, a personal finance stack, payment solutions, and an ERP built for middle market businesses. These customers now use an average of four or more Flex products. Flex’s Business Credit Card, which provides 60-day float on every transaction, has been a major driver of adoption, acting as the wedge into deeper financial operations. Once owners experience the benefits of the Flex Credit Card, they often go on to adopt Flex’s banking, payments, working capital, and expense management tools to replace fragmented legacy systems. This integrated model has allowed Flex to scale with high efficiency and has created a strong foundation for its expansion into personal finance.

Launched in 2023, Flex a Flexbase Technologies brand is the AI Native “Private Bank” for high net worth business owners in the middle market. Flex is building the category-defining company solving this gap for high net worth business owners with a five-pillar strategy built around private credit, a business finance stack, a personal finance stack, payment solutions, and an ERP built for middle market businesses. Flex is the first platform that supports every step of their financial lives, from the moment they earn revenue to the moment they spend it personally.
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Across the United States, a new industrial age is taking shape. Trillions of dollars in infrastructure, from energy projects and advanced manufacturing to data centers and critical mineral facilities, must be built in the next decade. But large construction projects are slower and more expensive today than they were half a century ago. Unlimited Industries, a California-based company using AI to rethink how infrastructure gets built, has raised $12 million in seed funding to change that. The round was co-led by Andreessen Horowitz and CIV, with participation from leading industry investors. The capital will accelerate Unlimited’s expansion and further develop its proprietary AI platform – one designed to make large-scale engineering and construction faster, cheaper, and more ambitious.

Unlike traditional construction firms or standard software companies, Unlimited is an AI-native construction company that both designs and builds. Its proprietary platform can generate and evaluate hundreds of thousands of design configurations in parallel, automatically identifying optimal layouts for cost, safety, and performance before construction begins. By integrating AI-driven design with its own vertically integrated engineering and construction teams, Unlimited eliminates the costly handoffs and misaligned incentives that have defined the industry for decades.

In a statement Alex Modon, Co-Founder and CEO of Unlimited Industries said, “Advances in AI mean we can finally build the physical world the way we build software.” “The traditional construction model is slow, brittle, and fundamentally misaligned. Our approach replaces static design choices with a dynamic, data-driven process that learns from every project. The result is faster, cheaper, and more successful projects.”

Unlimited is an AI-native construction company headquartered in San Francisco. Today, the company designs and builds across energy infrastructure, data centers, critical minerals, and advanced manufacturing, helping developers build with greater speed, ambition, and efficiency. Their mission is to build a future of radical physical abundance by automating construction end-to-end. The company was founded in 2025 by serial founders Alex Modon, Jordan Stern, and Tara Viswanathan.
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