Exabeam, which helps enterprises detect, investigate and respond to cyber threats, has closed its Series E round on $75m.
The capital injection was co-led by new backer Sapphire Ventures and Lightspeed Venture Partners. A number of unnamed existing investors also took part in the round.
Having closed the round, Exabeam will look to expand the reach of its sales and explore new product features and configurations.
Founded in 2016, the company helps security operations centre analysts improve operations via a streamlined threat detection and machine-learning behavioural analytics. Its solutions include data lakes, cloud connectors, analytics, threat intelligence, and incident responders.
The company helps businesses collect unlimited log data, leverage behavioural analytics to detect attacks, and automate incident response, for both on-premises and in the cloud.
Exabeam CEO Nir Polak said, “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.”
The cybersecurity company closed its Series D on $50m in August 2018 and since then, it has expanded its sales team and grown the Technology Alliance Partnership Program to over 350 software and services vendors.
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