ExtraHop has been named to the JMP Securities 2021 Elite 80, an annual list of "the hottest privately held cybersecurity and IT infrastructure companies." We're extremely honored to be on the list for the fourth year in a row.
In their annual Elite 80 Report, JMP Securities seeks to "highlight the most interesting and strategically positioned private companies in the Cybersecurity and IT infrastructure industries." Despite the COVID-19 pandemic, JMP notes how the companies on their 2021 Elite 80 list have adapted to serve customers amid a changing digital and economic landscape.
"Given the sudden acceleration in digital transformation, emerging vendors that leveraged thought leadership with differentiated technology gained significant advantage over legacy competitors. Accordingly, the vendors with vision and execution, including most of the vendors in our Elite 80 report, doubled down on their product roadmaps."
ExtraHop uses the power of machine learning to help organizations detect, investigate and respond to even the most evasive threats, protecting critical workloads and infrastructure. According to the Elite 80 Report, "through its analysis of wire data, ExtraHop is able to discover, observe, and analyze all applications, hosts, clients and infrastructure within an enterprise's network. This information allows businesses to correlate information and make real-time decisions to move a business forward."
As we've noted before, the network detection and response (NDR) market as a whole has surpassed $1 billion, and is expected to grow as the need for advanced cybersecurity and threat detection solutions increases. Even as part of an expanding industry, ExtraHop's growth stands out in the Elite 80. To quote the report: "In 2020, the company's security business grew more than 60% Y/Y, which represents the large majority of its business."
In addition to being among the JMP Securities 2021 Elite 80, ExtraHop has been recognized as a Fastest Growing and Best Cybersecurity Company at the 2021 CyberSecurity Excellence Awards and most recently, Cyber Defense Magazine has awarded ExtraHop Reveal(x) 360 the 2021 Global InfoSec Award in Next Generation SaaS/Cloud Security.