The amount of the deal was not disclosed.
The investment will enable Exabeam to establish an office in Israel, provide access to talent and help more customers move their businesses, and their security, to the cloud.
The acquisition follows the launch of Exabeam SaaS Cloud in February 2019 and the company’s first cloud security service, Exabeam Threat Intelligence Service, in September 2018.
Founded in 2014 by Asaf Barkan (CEO), Uri Ben-dor (CTO) and Nadav Lavy (Principal Engineer), SkyFormation allows organizations to collect logs from over 30 cloud services into Exabeam Data Lake, Exabeam Advanced Analytics or any other SIEM. Updates are made automatically whenever there are API changes, so security teams don’t need coding skills or professional services engagements to ensure the right data is being collected.
Security teams can extend the use of behavioral analytics to detect attacker tactics, techniques and procedures and maintain regulatory compliance in the cloud. Logs can be collected from AWS, GitHub, Google, Microsoft Office 365, Salesforce and many other security, identity and access management, infrastructure and business applications.
Led by Nir Polak, co-founder and CEO, Exabeam enables enterprises to detect, investigate and respond to cyberattacks. Via its modular Security Management Platform, analysts can collect unlimited log data, use behavioral analytics to detect attacks, and automate incident response, both on-premises or in the cloud. The company’s Smart Timelines, sequences of user and device behavior created using machine learning, aim to further reduce the time and specialization required to detect attacker tactics, techniques and procedures.
The expansion to Israel builds on its opening of other offices in Atlanta, London and Singapore earlier this year.