Exabeam

Exabeam
IndustryInformation security
Founded2013; 11 years ago (2013)
FounderNir Polak, Domingo Mihovilovic, and Sylvain Gil
Headquarters
Foster City, California
Key people
Christopher O'Malley (CEO)
Websitewww.exabeam.com

Exabeam is a global cybersecurity company headquartered in Foster City, California.[1] In 2021 it joined the Snowflake Inc. data services platform and achieved unicorn status with over $2B valuation.[2][3]

History

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Exabeam was founded in 2013[4][5] while its software was developed by programmers from Imperva,[6] Sumo Logic, HP ArcSight, and Splunk.[7] On June 10, 2014, Exabeam raised $10 million.[8] In September 2015, EXABEAM raised $25 million in a Series B venture round led by Icon Ventures.[9] In June, the company launched Analytics for Ransomware, app designed for early detection of ransomware infections across the corporate network.[10][11] In 2017, Exabeam raised $30 million,[12] $50 million 2018,[13][14][15] and $75 million in 2019.[16]

In May 2019, the company partnered with Deakin University to develop a cybersecurity degree program.[17][18] On July 2, Exabeam bought Israeli cloud security firm SkyFormation.[19][20][21] In January 2021, the company joined the cybersecurity ecosystem Snowflake Inc. data services platform.[22] Exabeam achieved $2.4 billion valuation,[23] following its announcement of a $200 million Series F funding round in June.[24][25][26]

In 2020, Forrester Research featured Exabeam in its Security Analytics Platforms, Q4 2020 report.[27] Former ForeScout CEO Michael DeCesare became the second CEO of Exabeam on June 1, 2021, as announced by Reuters.[28][29]

In May 2024, LogRhythm announced a planned merger with Exabeam; while the financial terms were not announced, Exabeam's most recent valuation was $2.5 billion.[30] The merger was finalized in July 2024, with Christopher O'Malley, former CEO of LogRhythm, named as the CEO of the newly combined company operating under the Exabeam name.[31]

See also

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References

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  1. ^ Perlroth, Nicole (2014-12-03). "Hacked vs. Hackers: Game On". Bits Blog. Retrieved 2023-05-22.
  2. ^ Taylor, Brian (2015-02-09). "Exabeam handles security threats in real time with user behavior intelligence". TechRepublic. Retrieved 2023-05-22.
  3. ^ "Exabeam joins cybersecurity ecosystem revolving around Snowflake". VentureBeat. 2021-01-31. Retrieved 2023-06-30.
  4. ^ חיימוביץ׳, הילה (2017-02-08). "גיוס: Exabeam מגייסת 30 מיליון דולר, תחסום גם האקרים שהשיגו גישה למערכת". גיקטיים (in Hebrew). Retrieved 2023-05-22.
  5. ^ "Forget malware — stolen credentials are the real enterprise threat". VentureBeat. 2014-05-24. Retrieved 2023-05-22.
  6. ^ רבט, הגר (2019-07-02). "חברת הסייבר Exabeam מבססת נוכחות בישראל עם רכישה ראשונה". כלכליסט - www.calcalist.co.il. Retrieved 2023-05-22.
  7. ^ "Exabeam named "Cool Vendor" in Security Intelligence by Analyst Firm Gartner". www.businesswire.com. 2015-05-01. Retrieved 2023-05-22.
  8. ^ Shieber, Jonathan (2014-06-10). "Exabeam Raises $10 Million For Network-Tracking Security Software". TechCrunch.
  9. ^ "StrictlyVC: September 29, 2015". www.strictlyvc.com. Retrieved 2023-05-22.
  10. ^ Ian, Barker. "New application uses behavioral analytics to fight ransomware". BetaNews.
  11. ^ "Machine learning could help companies react faster to ransomware". PCWorld. Retrieved 2023-05-22.
  12. ^ "Exabeam raises $30 million led by Cisco and Lightspeed". VentureBeat. 2017-02-07. Retrieved 2023-05-22.
  13. ^ "Cybersecurity startup Exabeam raises $50 million Series D". ZDNET. Retrieved 2023-05-22.
  14. ^ Schubart, Cromwell (2018-08-16). "Exabeam boasts of being a 'Splunk killer' as it raises $50M in new funding". Bizjournals. Retrieved 2023-05-22.
  15. ^ "Israeli-Founded Firm Exabeam Raises $50M to Leverage Big Data Security". NoCamels. 2018-09-03.
  16. ^ "Exabeam raises $75 million to advance SIEM cybersecurity". VentureBeat. 2019-05-07. Retrieved 2023-05-22.
  17. ^ "Exabeam enhances security management approach and boosts cybersecurity degree program". Help Net Security. 2019-05-21. Retrieved 2023-05-22.
  18. ^ "Zirilio and Exabeam overhaul Deakin University's SIEM". www.arnnet.com.au. Retrieved 2023-05-22.
  19. ^ "Exabeam רכשה את SkyFormation". Israel Defense (in Hebrew). 2019-07-07. Retrieved 2023-05-22.
  20. ^ "Exabeam buys Israeli cloud security firm SkyFormation". Reuters. 2019-07-02. Retrieved 2023-05-22.
  21. ^ יבלונקו, יסמין (2019-07-02). "בלי גיוסי הון בכלל: אקזיט לסטארט-אפ SkyFormation". Globes. Retrieved 2023-05-22.
  22. ^ Vizard, Michael (2021-01-31). "Exabeam joins cybersecurity ecosystem revolving around Snowflake". VentureBeat.
  23. ^ Bort, Julie; Joyner, April (December 28, 2021). "Over 340 US startups became unicorns in a record-breaking 2021. Here's the full list and their investors". Business Insider. Retrieved 2023-05-22.
  24. ^ Labs, Startup Around | Version. "Exabeam Secures $200M Series F". startuparound.com. Retrieved 2023-05-22.
  25. ^ Naraine, Ryan (2021-06-01). "Exabeam Lands $200M Investment, Replaces CEO". SecurityWeek. Retrieved 2023-05-22.
  26. ^ Gallindoss, Alan. "New Israeli Unicorn Exabeam Hits $2.4 Billion Valuation". Retrieved 2023-05-22.
  27. ^ "The Forrester Wave™: Security Analytics Platforms, Q4 2020". Forrester. Retrieved 2023-05-22.
  28. ^ Lee, Jane Lanhee (2021-06-01). "Cybersecurity startup Exabeam raises $200 mln, valued at $2.4 bln". Reuters. Retrieved 2023-05-22.
  29. ^ Novinson, Michael (2021-06-01). "Exabeam Snags Ex-Forescout Exec Michael DeCesare As CEO". CRN. Retrieved 2023-05-22.
  30. ^ Naraine, Ryan (2024-05-15). "Thoma Bravo-Owned LogRhythm Announces Merger With Rival Exabeam". SecurityWeek. Retrieved 2024-05-16.
  31. ^ Riley, Duncan (2024-07-17). "Enhanced R&D and service in focus as Exabeam and LogRhythm finalize merger". SiliconANGLE. Retrieved 2024-08-28.
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