Exabeam, a San Mateo, California-based big data security analytics company, raised $10m in Series A funding round.
The round was led by Norwest Venture Partners, with participation from Aspect Ventures and angel investor Shlomo Kramer. In conjunction with the funding, Norwest Venture Partners Managing Partner Matthew Howard and Aspect Ventures co-founder Theresia Gouw will join Exabeam’s board of directors.
The company intends to use the funds to go to market and continue developing its solution.
Led by CEO Nir Polak, Vice President of Products Sylvain Gil, and CTO Domingo Mihovilovic, Exabeam complements existing security information and event management (SIEM) and log management systems with machine-learning technology that focuses on attacker behavior rather than malware and tools to detect modern cyberattacks.