Private; written down by mutual-fund holders in SEC filings (marks below).
The rise & fall
5 moments Β· 2014β2025
The key moments.
2014
π±
2014
Founded
Security software that traces where an enterprise's sensitive data goes β and stops it leaking out.
TechCrunch
2024
2024
An $88M Series C
Adams Street leads a round that puts the billion-dollar line within sight.
TechCrunch
Apr 2025
π
Apr 2025
The peak: a ~$1B Series D$1B
A $100M round led by StepStone Group makes the data-security company a unicorn β by the slimmest of margins.
TechCrunch
2025
π
2025
Slips out of the club
Within months, mutual-fund holders mark their stakes below the $1B line in SEC filings. Still private, still operating.
SEC filing
Today
βοΈ
Today
Still private β the funds keep marking
ADAMS STREET PRIVATE EQUITY NAVIGATOR FUND LLC marks it at $1.89/share Β· -12% from its peak mark Β· as of Mar 2026
SEC NPORT-P
How it happened
Cyberhaven is a cybersecurity technology company that is privately owned. The companyβs focus is on helping enterprises detect threats and protect sensitive data against breaches, and it mainly serves customers in industries that include financial services, technology, manufacturing and healthcare. Last valued near $1.00B (Series D, 2025); it has since fallen out of the $1B unicorn club and remains private.
Mutual-fund markdowns
1 fund Β· SEC NPORT-P
How U.S. mutual funds fair-value this still-private company in their quarterly SEC filings.
Per-share mark from peak
-12%
ADAMS STREET PRIVATE EQUITY NAVIGATOR FUND LLC
$2.14 β $1.89
as of Mar 2026
Source: SEC EDGAR Form NPORT-P (Level-3 fair-value marks). Per-share marks reflect the fundβs own valuation of a specific share class and arenβt a company-wide valuation. Last refreshed Jun 2026.
Source: SEC NPORT-P fund marks (below); peak per primary round
Founders & leadership
Howard Ting
CEO
Now Chief Executive Officer at Opal Security Β· LinkedIn β
CZ
Cristian Zamfir
co-founder (one of five graduate students who founded it in Lausanne)
Still there β Co-founder / VP Reliability Β· LinkedIn β
VK
Volodymyr Kuznetsov
co-founder & CTO
Still there β Co-founder and CTO Β· LinkedIn β
GC
George Candea
co-founder
Still there β Co-Founder & Board Observer Β· LinkedIn β
RB
Radu Banabic
co-founder
Still there β Co-founder & Architect Β· LinkedIn β
VC
Vitaly Chipounov
co-founder
Still there β Co-founder and Principal Software Engineer Β· LinkedIn β
Current roles as self-reported on LinkedIn, retrieved 2026-08-21. See our methodology.
