Exabeam, a start-up based in San Mateo, California, closed $75 million in Series E funding for its next-gen Security Information and Event Management (SIEM) solutions.
“Over the last year, we’ve seen our strategic value increase, and our average deal size has grown by 100 percent from just two years ago. This is because we’re listening to our customers and delivering the innovative technologies they need, including, most recently, the ability to detect threats in the cloud. With the win rates we’re seeing and market opportunity in replacement business, we’re raising money to accelerate our go-to-market and enhance our products to bring additional innovation to modern SOC environments,” said Nir Polak, Exabeam CEO.
The latest round was jointly led by new investor Sapphire Ventures and Lightspeed Venture Partners, with participation from other existing investors.