Exabeam, a late-degree startup that allows companies come across superior cybersecurity threats, has landed a new $2 hundred million investment spherical that values the organization at $2.four billion.
The Series F increase spherical changed into led with the aid of using the Owl Rock department of Blue Owl Capital, with help from present buyers Acrew Capital, Lightspeed Venture Partners and Norwest Venture Partners.
The declaration of Exabeam’s brand new investment, which the organization says will assist it on its task to become “the primary depended on cloud SeCops platform withinside the market”, coincides with the information that CEO Nir Polak, who co-based the organization in 2013, will get replaced with the aid of using former ForeScout leader govt Michael DeCesare.
DeCesare is a large call withinside the cybersecurity space, with extra than 25 years of enjoy main high-increase protection businesses. He joined ForeScout as CEO and president in February 2015 after 4 years as president of McAfee, which on the time changed into owned with the aid of using Intel. Under his management, ForeScout raised nearly $117 million in an upsized IPO that valued the IoT protection dealer at $800 million.
Polak, meanwhile, will shift to a boss position at Exabeam and “will keep on as an energetic member of the govt group and continue to be on the organization,” consistent with the investment declaration.
“Nir has constructed a very robust, various and inclusive way of life at Exabeam, and I am dedicated to supporting it flourish,” stated DeCesare. “I’m pleased to enroll in Nir and the complete management group to assist force the organization thru its subsequent segment of increase.”
Exabeam, which has now raised $390 million in six rounds of out of doors investment, says it expects to apply the brand new cash to gasoline scale, innovate and enlarge the organization’s management. “It offers us the possibility to triple down on our R&D efforts and keep engineering the maximum superior UEBA, XDR and SIEM cloud protection merchandise to be had today,” commented Polak.
The organization provides that it has made great investments in its accomplice application over the past 12 months, which now consists of extra than four hundred reseller, distributor, structures integrator, MSSP, MDR and consulting companions globally. Exabeam additionally has extra than 500 era integrations with cloud network, facts lake and endpoint companies which include CrowdStrike, Okta and Snowflake.
It’s absolutely awaiting those investments to pay off, describing its “outcome-primarily based totally approach” to outside protection as ideally fitted to help companies as they manipulate exponential quantities of facts and go back to the post-COVID administrative center in plenty of hybrid scenarios. After all, hackers are already starting to goal personnel who’ve commenced making a comeback to the office, and this chance is handiest probably to boom as extra businesses start to dial again on faraway running and begin welcoming personnel again into workplaces.
“Exabeam is poised to be the subsequent-gen chief withinside the cloud protection analytics, XDR and SIEM markets,” Pravin Vazirani, Blue Owl Capital’s handling director and co-head of tech investing, stated in a statement. “We led this spherical of investment to offer the organization with the assets vital to help its sustainable, long-time period increase and fee creation.”