Exabeam
{{Short description|American cybersecurity company}}
{{Infobox company
| industry = Information security
| founded = {{start date and age|2013}}
| founder = Nir Polak, Domingo Mihovilovic, and Sylvain Gil
| image = 1051 E. Hillsdale Blvd.jpg
| image_caption = Exabeam headquarters in Foster City, California
| hq_location_city = Foster City, California
| key_people = Christopher O'Malley (CEO)
| website = {{URL|https://www.exabeam.com/}}
}}Exabeam is a global cybersecurity company headquartered in Foster City, California.{{Cite web |last=Perlroth |first=Nicole |date=2014-12-03 |title=Hacked vs. Hackers: Game On |url=https://archive.nytimes.com/bits.blogs.nytimes.com/2014/12/02/hacked-vs-hackers-game-on/ |access-date=2023-05-22 |website=Bits Blog |language=en}} In 2021 it joined the Snowflake Inc. data services platform and achieved unicorn status with over $2B valuation.{{Cite web |last=Taylor |first=Brian |date=2015-02-09 |title=Exabeam handles security threats in real time with user behavior intelligence |url=https://www.techrepublic.com/article/exabeam-handles-security-threats-in-real-time-with-user-behavior-intelligence/ |access-date=2023-05-22 |website=TechRepublic |language=en-US}}{{Cite web |date=2021-01-31 |title=Exabeam joins cybersecurity ecosystem revolving around Snowflake |url=https://venturebeat.com/security/exabeam-joins-cybersecurity-ecosystem-revolving-around-snowflake/ |access-date=2023-06-30 |website=VentureBeat |language=en-US}}
History
Exabeam was founded in 2013{{Cite web |last=חיימוביץ׳ |first=הילה |date=2017-02-08 |title=גיוס: Exabeam מגייסת 30 מיליון דולר, תחסום גם האקרים שהשיגו גישה למערכת |url=https://www.geektime.co.il/exabeam-raised-30m/ |access-date=2023-05-22 |website=גיקטיים |language=he-IL}}{{Cite web |date=2014-05-24 |title=Forget malware — stolen credentials are the real enterprise threat |url=https://venturebeat.com/business/forget-malware-stolen-credentials-are-the-real-enterprise-threat/ |access-date=2023-05-22 |website=VentureBeat |language=en-US}} while its software was developed by programmers from Imperva,{{Cite web |last=רבט |first=הגר |date=2019-07-02 |title=חברת הסייבר Exabeam מבססת נוכחות בישראל עם רכישה ראשונה |url=https://www.calcalist.co.il/internet/articles/0,7340,L-3765503,00.html |access-date=2023-05-22 |website=כלכליסט - www.calcalist.co.il}} Sumo Logic, HP ArcSight, and Splunk.{{Cite web |date=2015-05-01 |title=Exabeam named "Cool Vendor" in Security Intelligence by Analyst Firm Gartner |url=https://www.businesswire.com/news/home/20150501005144/en/Exabeam-named-Cool-Vendor-in-Security-Intelligence-by-Analyst-Firm-Gartner |access-date=2023-05-22 |website=www.businesswire.com |language=en}} On June 10, 2014, Exabeam raised $10 million.{{Cite web |last=Shieber |first=Jonathan |date=2014-06-10 |title=Exabeam Raises $10 Million For Network-Tracking Security Software |url=https://techcrunch.com/2014/06/10/exabeam-raises-10-million-for-network-tracking-security-software/ |website=TechCrunch}} In September 2015, EXABEAM raised $25 million in a Series B venture round led by Icon Ventures.{{Cite web |title=StrictlyVC: September 29, 2015 |url=http://www.strictlyvc.com/2015/09/29/strictlyvc-september-29-2015/ |access-date=2023-05-22 |website=www.strictlyvc.com}} In June, the company launched Analytics for Ransomware, app designed for early detection of ransomware infections across the corporate network.{{Cite web |last=Ian |first=Barker |title=New application uses behavioral analytics to fight ransomware |url=https://betanews.com/2016/06/13/ransomware-behavoral-analytics/ |website=BetaNews}}{{Cite web |title=Machine learning could help companies react faster to ransomware |url=https://www.pcworld.com/article/415184/machine-learning-could-help-companies-react-faster-to-ransomware.html |access-date=2023-05-22 |website=PCWorld |language=en}} In 2017, Exabeam raised $30 million,{{Cite web |date=2017-02-07 |title=Exabeam raises $30 million led by Cisco and Lightspeed |url=https://venturebeat.com/business/exabeam-raises-30-million-led-by-cisco-and-lightspeed/ |access-date=2023-05-22 |website=VentureBeat |language=en-US}} $50 million 2018,{{Cite web |title=Cybersecurity startup Exabeam raises $50 million Series D |url=https://www.zdnet.com/article/cybersecurity-startup-exabeam-raises-50-million-series-d/ |access-date=2023-05-22 |website=ZDNET |language=en}}{{Cite web |last=Schubart |first=Cromwell |date=2018-08-16 |title=Exabeam boasts of being a 'Splunk killer' as it raises $50M in new funding |url=https://www.bizjournals.com/sanjose/news/2018/08/14/exabeam-data-security-funding-vs-splunk.html |access-date=2023-05-22 |website=Bizjournals}}{{Cite web |date=2018-09-03 |title=Israeli-Founded Firm Exabeam Raises $50M to Leverage Big Data Security |url=https://nocamels.com/2018/09/exabeam-cybersecurity-big-data/ |website=NoCamels}} and $75 million in 2019.{{Cite web |date=2019-05-07 |title=Exabeam raises $75 million to advance SIEM cybersecurity |url=https://venturebeat.com/security/exabeam-raises-75-million-to-advance-siem-cybersecurity/ |access-date=2023-05-22 |website=VentureBeat |language=en-US}}
In May 2019, the company partnered with Deakin University to develop a cybersecurity degree program.{{Cite web |last= |first= |date=2019-05-21 |title=Exabeam enhances security management approach and boosts cybersecurity degree program |url=https://www.helpnetsecurity.com/2019/05/21/exabeam-deakin-university/ |access-date=2023-05-22 |website=Help Net Security |language=en-US}}{{Cite web |title=Zirilio and Exabeam overhaul Deakin University's SIEM |url=https://www.arnnet.com.au/article/661754/zirilio-exabeam-overhaul-deakin-university-siem/ |access-date=2023-05-22 |website=www.arnnet.com.au}} On July 2, Exabeam bought Israeli cloud security firm SkyFormation.{{Cite web |date=2019-07-07 |title=Exabeam רכשה את SkyFormation |url=https://www.israeldefense.co.il/node/39245 |access-date=2023-05-22 |website=Israel Defense |language=he}}{{Cite news |date=2019-07-02 |title=Exabeam buys Israeli cloud security firm SkyFormation |language=en |work=Reuters |url=https://www.reuters.com/article/us-skyformation-m-a-exabeam-idUSKCN1TX1M9 |access-date=2023-05-22}}{{Cite news |last=יבלונקו |first=יסמין |date=2019-07-02 |title=בלי גיוסי הון בכלל: אקזיט לסטארט-אפ SkyFormation |work=Globes |url=https://www.globes.co.il/news/article.aspx?did=1001291881 |access-date=2023-05-22}} In January 2021, the company joined the cybersecurity ecosystem Snowflake Inc. data services platform.{{Cite web |last=Vizard |first=Michael |date=2021-01-31 |title=Exabeam joins cybersecurity ecosystem revolving around Snowflake |url=https://venturebeat.com/security/exabeam-joins-cybersecurity-ecosystem-revolving-around-snowflake/ |website=VentureBeat}} Exabeam achieved $2.4 billion valuation,{{Cite web |last=Bort |first=Julie |last2=Joyner |first2=April |date=December 28, 2021 |title=Over 340 US startups became unicorns in a record-breaking 2021. Here's the full list and their investors. |url=https://www.businessinsider.com/us-unicorn-list-startups-venture-capital-investors-2021-12 |access-date=2023-05-22 |website=Business Insider |language=en-US}} following its announcement of a $200 million Series F funding round in June.{{Cite web |last=Labs |first=Startup Around {{!}} Version |title=Exabeam Secures $200M Series F |url=https://startuparound.com/read/1622556005.9465642 |access-date=2023-05-22 |website=startuparound.com |language=English}}{{Cite web |last=Naraine |first=Ryan |date=2021-06-01 |title=Exabeam Lands $200M Investment, Replaces CEO |url=https://www.securityweek.com/exabeam-lands-200m-investment-replaces-ceo/ |access-date=2023-05-22 |website=SecurityWeek |language=en-US}}{{Cite web |last=Gallindoss |first=Alan |title=New Israeli Unicorn Exabeam Hits $2.4 Billion Valuation |url=https://jewishbusinessnews.com/2021/06/06/new-israeli-unicorn-exabeam-hits-2-4-billion-valuation/ |access-date=2023-05-22 |language=en-US}}
In 2020, Forrester Research featured Exabeam in its Security Analytics Platforms, Q4 2020 report.{{Cite web |title=The Forrester Wave™: Security Analytics Platforms, Q4 2020 |url=https://www.forrester.com/report/the-forrester-wave-security-analytics-platforms-q4-2020/RES157496 |access-date=2023-05-22 |website=Forrester |language=en}} Former ForeScout CEO Michael DeCesare became the second CEO of Exabeam on June 1, 2021, as announced by Reuters.{{Cite news |last=Lee |first=Jane Lanhee |date=2021-06-01 |title=Cybersecurity startup Exabeam raises $200 mln, valued at $2.4 bln |language=en |work=Reuters |url=https://www.reuters.com/breakingviews/cybersecurity-startup-exabeam-raises-200-mln-valued-24-bln-2021-06-01/ |access-date=2023-05-22}}{{Cite web |last=Novinson |first=Michael |date=2021-06-01 |title=Exabeam Snags Ex-Forescout Exec Michael DeCesare As CEO |url=https://www.crn.com/news/security/exabeam-snags-ex-forescout-exec-michael-decesare-as-ceo |access-date=2023-05-22 |website=CRN |language=en}}
In May 2024, LogRhythm announced a planned merger with Exabeam; while the financial terms were not announced, Exabeam's most recent valuation was $2.5 billion.{{cite web |last=Naraine | first=Ryan |title=Thoma Bravo-Owned LogRhythm Announces Merger With Rival Exabeam |url=https://www.securityweek.com/thoma-bravo-owned-logrhythm-announces-merger-with-rival-exabeam/ |website=SecurityWeek |date=2024-05-15 |accessdate=2024-05-16}} The merger was finalized in July 2024, with Christopher O'Malley, former CEO of LogRhythm, named as the CEO of the newly combined company operating under the Exabeam name.{{cite web |last=Riley |first=Duncan |title=Enhanced R&D and service in focus as Exabeam and LogRhythm finalize merger |url=https://siliconangle.com/2024/07/17/enhanced-rd-service-focus-exabeam-logrhythm-finalize-merger/ |website=SiliconANGLE |date=2024-07-17 |accessdate=2024-08-28}}