Exabeam raises $50M to leverage Big Data security

Tuesday, 4. September 2018 - 14:06

Israeli-founded, California-based cybersecurity firm Exabeam announced this month it has raised $50 million in a Series D funding round led by US venture capital firm Lightspeed Venture Partners. Other existing investors participating in the round include Aspect Ventures, Cisco Investments, and Israeli entrepreneur Shlomo Kramer.

“The new funding will allow us to invest heavily in our new cloud solutions and reach even more enterprises around the world,” said Exabeam CEO Nir Polak. “We are on track to overtake Splunk and be the next SIEM market leader.” Splunk in the US multinational corporation producing software for searching, monitoring, and analyzing machine-generated big data.

A PR Newswire statement reports that the SIEM cybersecurity is set to reach $4.5 billion in 2019.

Source:

nocamels

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Exabeam