Security News > 2021 > June > Exabeam Lands $200M Investment, Replaces CEO
Exabeam, a late-stage startup in the data analytics and SIEM space, has landed a new $200 million funding round that values the company at $2.4 billion.
The announcement of Exabeam's latest Series F funding, described as a "Growth round," coincides with news that co-founder and CEO Nir Polak will be replaced by former ForeScout chief executive Michael DeCesare.
The company says it expects to use the new money to "Fuel scale, product innovation and extend the company's leadership" in what is described as a trusted cloud SecOps platform.
Entrepreneurs and investors are competing aggressively for ownership and control of the massive data lakes powering enterprise security programs and Exabeam is among a wave of entrenched companies providing realtime data monitoring and visibility to defenders.
"[This] investment 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," the company said in a statement.
Exabeam says it has more than 400 resellers and about 500 technology integrations with leading IT and security companies including cloud network, data lake and endpoint vendors such as CrowdStrike, Okta and Snowflake.