Exabeam

Last updated
Exabeam
IndustryInformation security
Founded2013
FounderNir Polak, Domingo Mihovilovic, and Sylvain Gil
Headquarters
Foster City, California
Key people
 Christopher O'Malley (CEO)
Website https://www.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

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]

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References

  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, April Joyner, Julie. "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.{{cite web}}: CS1 maint: multiple names: authors list (link)
  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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