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ExtraHop CEO Sets His Sights on Becoming a Half-Billion-Dollar Security Firm

January 28, 2019 / Jessica Lyons Hardcastle

ExtraHop CEO Arif Kareem has a very specific goal for the company. “Our eyes are set on becoming a half-billion-dollar security company,” he said. He’s also positioning the software provider for an initial public offering, likely in the “next 24 months.” But he’s quick to add, “that’s not our end goal.” It’s a shift for the startup, which spent its first 10 years as a network performance monitoring company before “doubling down” on security two years ago and launching its first pure-play security product last year. And it looks like Kareem’s bet paid off. ExtraHop claims it “far surpassed” $100 million in bookings in 2018. “We beat that target and we grew our security biz by 10x,” Kareem said. The company released its first security product, Reveal(x) in January 2018, followed by Reveal(x) for Azure in September 2018. More than 20 customers across industry verticals invested more than ...