Exabeam Raises $200M in Series F Funding

exabeam

Exabeam, a Foster City CA-based security analytics and automation company, raised $200M in Series F funding at $2.4 Billion valuation.

The round was led by the Owl Rock division of Blue Owl Capital and supported by existing investors Acrew Capital, Lightspeed Venture Partners and Norwest Venture Partners.

The company intends to use the funds to accelerate scale and product innovation.

Led by new CEO and President Michael DeCesare, Exabeam is a security analytics and automation company that adds intelligence to every IT and security stack. Its cloud-delivered solution leverages machine learning and automation to help security teams detect external threats, compromised users and malicious adversaries, minimize false positives, and make security success the norm.

DeCesare has more than 25 years of experience leading high-growth security companies. He was president of McAfee (NASDAQ: MCFE), and most recently, DeCesare was CEO and president of ForeScout Technologies (NASDAQ: FSCT), which went public in 2017 under his leadership. The company’s co-founder and first CEO, Nir Polak, will continue on as an active member of the executive team and remain at the company. Additionally, Polak will assume the role of chairman of the board.

FinSMEs

05/06/2021