|[January 14, 2020]
ExtraHop Kicks off 2020 on the Heels of Second Consecutive Year of over 40 Percent Growth
ExtraHop (News - Alert), the leader in cloud-native network detection and response, today announced that it 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 (News - Alert)-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 (News - Alert) (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 (News - Alert) to deliver visibility, quarantining, and incident remediation for modern security operations.
ExtraHop also received numerous accolades in 2019. In December, Business Insider listed ExtraHop as one of Seattle's 18 Hottest Startups. SC Media named ExtraHop a Security Industry Innovator for the second consecutive year, and ExtraHop Reveal(x) received top honors in the Best of VMworld awards, Fortress awards, and the Seattle Business Magazine Innovation awards, among many others. In addition to awards for its technical innovation, ExtraHop was also named to the JMP Securities Elite 80 List, was named as a "Best Place to Work" by both The Puget Sound Business Journal and Seattle Business Magazne, and made its fourth consecutive appearance on the Wealthfront "Career-Launching Companies" list.
ExtraHop also invested heavily in talent in 2019. Over the past 18 months, the company has nearly doubled its headcount to well over 500 employees worldwide. In 2019 ExtraHop also hired technology and security industry veterans into leadership positions and added two new members to its Board of Directors in 2019: Secureworks CEO Michael Cote and former F5 president and CEO John McAdam.
"Global cybercrime has turned into a multi-trillion dollar industry, and it's growing every day. To combat this threat and minimize impact, organizations 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."
To learn more about why ExtraHop is the leader in network detection and response, visit https://www.extrahop.com/company/newsroom/.
ExtraHop delivers cloud-native network detection and response to secure the hybrid enterprise. Our breakthrough approach applies advanced machine learning to all cloud and network traffic to provide complete visibility, real-time threat detection, and intelligent response. With this approach, we give the world's leading enterprises including The Home Depot, Credit Suisse, Liberty Global, and Caesars Entertainment the perspective they need to rise above the noise to detect threats, ensure the availability of critical applications, and secure their investment in cloud. To experience the power of ExtraHop, explore our interactive online demo or connect with us on LinkedIn and Twitter.
© 2020 ExtraHop Networks (News - Alert), Inc., Reveal(x), and ExtraHop are registered trademarks or marks of ExtraHop Networks, Inc.
View source version on businesswire.com: https://www.businesswire.com/news/home/20200114005253/en/
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