AI-powered data security company founded by Romanians reaches USD 1 billion valuation

Cyberhaven, an AI-powered data security provider founded by three Romanians and two Ukrainian citizens, recently announced that it has attracted a USD 100 million Series D funding led by StepStone Group along with new investors Schroders and Industry Ventures, to further accelerate its rapid growth. The funding pushes the valuation of the company to USD 1 billion.

Cyberhaven offers data tracing and risk detection capabilities, powered by its proprietary data lineage and foundational AI technologies. This allows companies to prevent critical risks to their data. This latest investment brings Cyberhaven's total funding to USD 250 million and propels the company to a USD 1 billion valuation, a sevenfold increase in just one year, according to the company press release.