SecurityWorldMarket

23/01/2020

Extrahop delivers 40% annual growth

Seattle, Wa

The latest financial release from Extrahop, a leader in cloud-native network detection and response, shows that the company grew by more than 40 percent year-over-year in 2019, ending the year with over $150 million in bookings.

The company’s growth was bolstered by a nearly tenfold increase in security bookings of Reveal(x) and the introduction of the industry’s first SaaS-based threat detection and response. This marks the second consecutive year in which the company grew more than 40 percent and follows a milestone 2018 in which Extrahop surpassed $100M million in bookings.

2019 was a banner year for Extrahop on multiple fronts. The company continued to dominate major verticals including financial services, retail, and healthcare, with dozens of customers in those sectors making multi-million dollar investments with Extrahop to secure their hybrid and multi-cloud workloads. The company now protects more than thirteen million assets under management across global enterprise customers.

In addition to rapid revenue and customer growth, the company partnered with Amazon Web Services (AWS), Microsoft Azure, and Google Cloud to provide breakthroughs in threat detection and response for cloud workloads. Extrahop also announced major integrations with AWS, Servicenow, Palo Alto, and IBM to deliver visibility, quarantining, and incident remediation for modern security operations.

ExtraHop also received numerous accolades in 2019. For example, in December, Business Insider listed Extrahop as one of Seattle’s 18 Hottest Startups. In addition, the company also invested heavily in new talent in 2019. Over the past 18 months, the company has nearly doubled its headcount to well over 500 employees worldwide. 

“Global cyber crime has turned into a multi-trillion dollar industry, and it’s growing every day. To combat this threat and minimize impact, organisations are shifting investment from prevention and protection to detection and response,” said Arif Kareem, CEO, Extrahop. “Extrahop’s innovation in machine learning and our cloud-native approach have propelled us to a position of market leadership in the emerging category of network detection and response. With our momentum in cloud security we’re accelerating full steam ahead into 2020.”


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