Extrahop receives $41 million in funding

Posted May 29, 2014

Seattle-based Extrahop is a company that offers wire data analytics for IT operations. The company has announced that it has raised $41 million in a third round of funding led by Technology Crossover Ventures. The new round of funding will be used for building its wire data analytics solution and expand into new markets. 

Extrahop’s revenue grew by 150% last year and some of its customers include Lockheed Martin, Morgan Stanley, and Purdue Pharma. ExtraHop has now raised a total of $61.6 million.

Wire data is the information that passes between networked components. This helps IT teams quickly isolate problems on networks. Extrahop sells network appliances that can perform real-time analysis of the wire data. The company was founded by Jesse Rothstein and Raja Mukerji in 2007.