Exabeam recently announced raising $200 million in its latest funding round, a Series F growth round at a valuation of $2.4 billion. Owl Rock, a division of Blue Owl Capital, led the round, supported by existing partners. Additionally, Exabeam welcomed Michael DeCesare as its new CEO and President.
Exabeam is a SIEM security solution provider. Among its capabilities and services, it provides log management, behavioral analytics, and automated incident response. Its solutions operate both on-premises and on the cloud. Additionally, the Exabeam solution can provide automated timeline creation which can speed automated playbook responses.
Nir Polak, Exabeam Co-Founder and former CEO, gave a statement with the announcement of the latest funding round. “This funding round gives us the operating capital required to continue executing on our vision to deliver the number one trusted cloud SecOps platform on the market. It gives us the opportunity to triple down on our R&D efforts and continue engineering the most advanced UEBA, XDR, and SIEM cloud security products available today.” Mr. Polak will continue with Exabeam as chairman of the board and an active member of the executive team.
Mr. DeCesare, who officially took over the role of CEO yesterday, also gave a statement. “Exabeam defined the user entity and behavior analytics (UEBA) security technology category and is a leader in the security information and event management (SIEM) market. Innovation is in our DNA. We are reimagining the threat detection, investigation, and response (TDIR) problem with an open extended detection and response (XDR), offering automation and use case-specific content so security analysts can quickly defend against threats, which is a true game-changer for security teams.”
Learn more about Exabeam here.
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