Exabeam, the security analytics and automation company, has announced a US$ 200 million Series F growth round, at a valuation of US$ 2.4 billion. The round is led by the Owl Rock division of Blue Owl Capital and supported by existing investors, Acrew Capital, Lightspeed Venture Partners and Norwest Venture Partners. Exabeam also welcomes cyber security industry veteran, Michael DeCesare as Chief Executive Officer (CEO) and President. 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, Nir Polak will assume the role of Chairman of the Board. New executive appointments Michael DeCesare has more than 25 years of experience in leading high-growth security companies. He was President of McAfee, and most recently, he was CEO and President of ForeScout Technologies, which went public in 2017 under his leadership. In addition, Exabeam Chief Product Officer, Adam Geller will now lead both the product and engineering organisations, ensuring even tighter integration and alignment, as the company innovates and invests in creating the number one trusted cloud SecOps platform on the market. Geller was previously a Senior Vice President of Cloud Security at Palo Alto Networks, before joining Exabeam in 2020. UEBA expert Exabeam defined the user entity and behaviour analytics (UEBA) security technology category" Michael DeCesare said, “Exabeam defined the user entity and behaviour analytics (UEBA) security technology category and is a leader in the security information and event management (SIEM) market. Innovation is in our DNA.” He adds, “We are reimagining the threat detection, investigation and response (TDIR) problem with an open extended detection and response (XDR), offering automation and use case-specific content so security analysts can quickly defend against threats, which is a true game changer for security teams.” Series F funding round Michael DeCesare further stated, “Nir has built an incredibly robust, diverse and inclusive culture at Exabeam, and I am committed to helping it flourish. I’m thrilled to join Nir, Adam and the whole leadership team, to help drive the company through its next phase of growth.” Nir Polak stated, “This funding round gives us the operating capital required to continue executing on our vision to deliver the number one trusted cloud SecOps platform on the market.” Outcome-based security approach Nir adds, “It gives us the opportunity to triple down on our R&D efforts and continue engineering the most advanced UEBA, XDR and SIEM cloud security products available today. Now with Mike at the helm and Adam’s leadership over product and engineering, we have assembled a seasoned executive team ready to scale and take our business to the next level.” Exabeam’s outcome-based approach to security around external threats, compromised insiders and malicious insiders is perfectly suited to support organisations as they manage exponential amounts of data and return to the post-pandemic workplace in a variety of hybrid scenarios. Cloud-based analytics and automation The company recently launched its new Fusion product line with Fusion XDR and Fusion SIEM The company recently launched its new Fusion product line with Fusion XDR and Fusion SIEM. With 70 percent of new business in 2020 delivered through Exabeam cloud-based analytics and automation, adding XDR puts a new name on what Exabeam already provides to customers. Over the last 12 months, Exabeam has also made significant investments in the Exabeam Partner Programme, which now includes more than 400 resellers, distributor, system integrator, MSSP, MDR and consulting partners globally. Technology integration with IT and security companies In addition, driven by its open XDR approach for security teams, the company now has over 500 technology integrations with major IT and security companies, including cloud network, data lake and end-point vendors, such as CrowdStrike, Okta and Snowflake. “Exabeam is poised to be the next-gen leader in the cloud security analytics, XDR and SIEM markets. We led this round of funding to provide the company with the resources necessary to support its sustainable, long-term growth and value creation,” said Pravin Vazirani, Managing Director and Co-Head of Tech Investing, Blue Owl Capital. Cyber security, a mission-critical function Pravin Vazirani adds, “In today’s operating environment, cyber security is increasingly recognised as a mission-critical function across industries, and we’re proud to partner with Michael, Nir and the Exabeam team as they seize the opportunity ahead of them, continue to innovate and enable their clients to stay at the forefront in terms of identifying and addressing threats across their technology platforms.” According to Mordor Intelligence, the cloud security software market is valued at US$ 29.5 billion in 2020 and is expected to reach a market value of US$ 37.37 billion by 2026, registering a CAGR of 5.2 percent over the forecast period (2021-2026). Gartner predicts that the SIEM market, worldwide, is poised to grow from US$ 4 billion to US$ 6.3 billion, during the 2020-2024 periods, progressing at a CAGR of 11.86 percent, during the forecast period. IT and cyber security trends Exabeam has been able to quickly pivot to digital, remote and hybrid IT work strategies" “Exabeam is in the middle of a large IT and cyber security trend, where organisations must capture more data across a growing distributed IT infrastructure, while ensuring the security and integrity of the platforms upon which their businesses operate,” said Ravi Mhatre, Partner, Lightspeed Venture Partners, and Exabeam Board Member. Ravi Mhatre adds, “To the credit of its leadership, Exabeam has been able to quickly pivot to digital, remote and hybrid IT work strategies, driving new sales, while making existing customers even more successful. We look forward to the company’s continued growth.” Cloud adoption by large enterprises “Cloud adoption by large enterprises has been pulled forward, and Exabeam is in an elite group of companies that successfully weathered market uncertainties through 2020 as it accelerated its move to a cloud-first company,” said Theresia Gouw, Founding Partner at Acrew Capital and Exabeam Board Member. Theresia Gouw adds, “Exabeam is a leading security player in a high-demand, high-stakes market where business and IT executives must be able to see all of their data, no matter its location, to make smart security, infrastructure and business decisions. The proven leadership at Exabeam continues to execute exceedingly well, and last year, the company was the fastest private security management company to hit US$ 100 million in ARR.” “This funding and valuation marks a new chapter in Exabeam’s journey, as it pushes full speed ahead on breaking out of the security management space and becoming a 100 percent fully ‘for-the-cloud’ SecOps innovator,” said Matthew Howard, General Partner at Norwest Venture Partners, adding “We are confident the company will continue to deliver additional value to security operation centres (SOCs), helping them become even more efficient and effective at protecting their organisations.”
Exabeam, the security analytics and automation company, announces the appointment of technology industry veteran and former Splunk marketing leader Sherry Lowe to chief marketing officer (CMO). Lowe will be responsible for leading the global marketing strategy and will report directly to Ralph Pisani, president, Exabeam. Throughout Lowe’s 20-year career in the technology industry, she has built strategic marketing programs for rapidly growing tech companies such as Expanse, Druva and Splunk. Annual recurring revenue Before joining Exabeam she served as the CMO of Expanse, leading the company to its recent acquisition by Palo Alto Networks. During her time there, Lowe hired and scaled a new marketing team for pipeline and demand generation activities that drove a 100% increase in annual recurring revenue (ARR) year over year. Lowe also served as the vice president of corporate marketing at Splunk for six years and was a key member of the pre-IPO team, leading to one of the largest tech IPOs of 2012. She was responsible for building and leading corporate marketing and communications during Splunk’s transition to a public company. Under her leadership, the corporate marketing team grew from five to 70 professionals who spanned awareness, customer advocacy, demand generation, corporate communications and global events. Existing security tools Exabeam has spent the past few years elevating our product portfolio to be the best in the market" “Exabeam has spent the past few years elevating our product portfolio to be the best in the market, and Sherry will be responsible for ensuring our messaging aligns with the calibre of our products,” said Pisani. “We are excited to welcome her to the team, as she has a proven track record of raising the ranks of cloud and security companies at similar growth stages.” “No stranger to outsmarting the odds herself, Lowe transitioned from a highly successful, glass ceiling-breaking career in the male-dominated broadcast sports journalism space, to the competitive Silicon Valley landscape -- and has vastly improved marketing organisations in her path. Her ambition and expertise will be major assets in expanding Exabeam’s presence and leadership in the market.” Over the past six years, Exabeam’s growth has skyrocketed, as a result of its vision to help security organisations outsmart the odds by adding intelligence to existing security tools with the Exabeam Security Management Platform (SMP). Providing strategic clarity Lowe will be responsible for proliferating the message that Exabeam provides out-of-the box use case coverage, behavioural analytics to detect compromised and malicious users and automation of manual and repetitive tasks at a time where security organisations are understaffed and overwhelmed. “As the cyberthreat landscape becomes more complex in our digital, highly remote world, I look forward to leading marketing in an organisation that provides strategic clarity for struggling security teams,” said Lowe. “Exabeam is truly focusing on the customer, and I could not be more excited to join CEO Nir Polak, Ralph and the rest of the team in broadening the reach of these important messages. With the tenacity that made me one of the first female sportscasters allowed in an NFL locker room and drove my former employers to IPO and acquisition, I am excited to be a key member of the executive team to help accelerate Exabeam’s already impressive success.”
Exabeam, the globally renowned Smarter SIEM and security solutions company, has been named a leader in three categories in KuppingerCole’s first Leadership Compass for Security Orchestration Automation and Response (SOAR). Leadership Compass for SOAR KuppingerCole’s Leadership Compass for SOAR report delivers a comprehensive analysis of the SOAR market, including real-world considerations for planning and deploying SOAR products. It includes an evaluation of 11 vendors in the space, looking at product and service functionality, relative market share and innovative approaches to providing SOAR solutions. Exabeam was named a leader in three categories: Overall Leader - Products in this category show a high degree of completeness, innovation and market share in this evolving and growing field. Product Leader - Vendors in this category are those demonstrating functional strength and completeness of services. Innovation Leader - Winners in this category are those that take a customer-oriented upgrade approach, delivering customer-requested and other cutting-edge features, while maintaining compatibility with previous versions. SOAR products are the latest iteration of incident response platforms John Tolbert, Lead Analyst and Managing Director at KuppingerCole and author of the report commented, “Security Orchestration, Automation and Response (SOAR) products are the latest iteration of incident response platforms. Although still a relatively new offering, they are quickly proving their value in terms of reducing risk, improving response times and providing accurate decision support to often over-stretched security analysts.” 2020 Cybersecurity Professionals Salary, Skills and Stress Survey In fact, Exabeam’s newly released 2020 Cybersecurity Professionals Salary, Skills and Stress Survey supports this value statement. According to the study, 86 percent of respondents believe SOAR technology can help security analysts improve SOC response times. Nir Polak, Chief Executive Officer (CEO) at Exabeam, said “We’re pleased to be recognised as a leader in KuppingerCole’s inaugural Leadership Compass for SOAR. The fact that this trusted research firm expects full-featured SOAR products to serve as comprehensive and extensible security analytics platforms for SOCs underlines that Exabeam’s strategy is aligned with the needs of modern security teams.” Mr. Tolbert concluded, “The Exabeam Security Management Platform exceeds expectations in terms of SOAR features and should be near the top of any organisation’s SOAR RFP list.”
Exabeam, the Smarter SIEM™ company, announced the appointment of industry veteran and former Gartner analyst Gorka Sadowski to chief strategy officer. Exabeam has grown rapidly over the past six years as it has executed on its vision for enhancing security teams with analytics and automation. As the types of attacks and number of attackers proliferate, strategic clarity becomes increasingly important to meet future demands, both for Exabeam and its customers. Sadowski’s guidance will be especially important at a time when so many security organisations are under-staffed and feeling overwhelmed by the number of security events they have to investigate. Sustaining corporate strategic initiatives In his role, Sadowski will be responsible for developing, executing and sustaining corporate strategic initiatives In his role, Sadowski will be responsible for developing, executing and sustaining corporate strategic initiatives. He will also serve as a sounding board for the Exabeam product roadmap and vision to drive growth. Reporting directly to CEO Nir Polak, he’ll work with professionals across the organisation on cross-functional initiatives and educate prospective customers, partners, analysts and media on the value of analytics and automation in a security program. Throughout Sadowski’s 30-year cybersecurity career, he has held roles spanning marketing, business development, strategy and sales and gained a deep understanding of the trends and risks of the industry. Before joining the Exabeam team, he served as a senior director and analyst at Gartner, focused on security operations for the IT industry. Managed detection and response At the analyst firm, he was responsible for consulting with clients and working with a wide variety of security vendors to drive coverage for SIEM, SOC futures and trends, and managed detection and response (MDR). He authored and co-authored Gartner’s Magic Quadrant and Critical Capabilities research on SIEM. Prior to joining Gartner, Sadowski also served as the director of business development at Splunk, where he was responsible for building the security ecosystem from strategy to execution. He was also responsible for creating and implementing Splunk’s Partner Pavilion at Splunk, where he was first introduced to Exabeam. Security analytics space Before his tenure at Splunk, he established presence for LogLogic in Southern Europe, ran security go-to-market activities At this event, he saw Exabeam emerge as the most promising organisation in the security analytics space. Before his tenure at Splunk, he established presence for LogLogic in Southern Europe, ran security go-to-market activities, including security consulting, delivery and service packaging, for Unisys in France, and launched the first partner-led intrusion detection and prevention system (IDPS) in the industry as head of NetScreen’s emerging technology efforts. “The security industry is further aligning to the concept of the customer journey with an iterative and continuous improvement model -- a journey that Exabeam has been on for quite some time,” said Polak. “We are excited to welcome Gorka to the team, as he thoroughly understands what security analysts and leaders need in this competitive market. He has watched us skyrocket from a supplemental technology adding intelligence to vendors like Splunk to also being a SIEM market leader in our own right, and we look forward to the knowledge he will bring to accelerate our growth and industry disruption further.” Prevention and detection and response – Balance approach With investments shifting from preventative measures to a more balanced approach between prevention and detection and response, Sadowski’s expertise will drive Exabeam’s strategy to further align with the needs of the market. Sadowski will work closely with Chief Product Officer Adam Geller to improve how analysts detect and respond to advanced threats such as insider threats and credential-based attacks, with technologies such as the Exabeam Cloud Platform and Exabeam Advanced Analytics. Network security industry “Rarely have I seen such a combination of strategic acumen and execution capabilities in the network security industry. After observing and knowing Exabeam over the years, I am overjoyed to join the company,” Sadowski said. “As the cyberthreat landscape becomes more complex in our distributed but connected world, it is more crucial than ever before to arm security teams with the right tools they need to win the war against cyber adversaries. I look forward to working closely with Nir and the rest of the leadership team to identify key corporate initiatives to further establish Exabeam as the go-to leader in the market.”
Exabeam, the Smarter SIEM™ company, announces significant sales momentum across EMEA, more than doubling new and add-on recurring revenue in the first half of FY21 compared to the same period last year. In addition, with more than half of new and add-on recurring revenue in the second quarter of FY21 coming from Exabeam SaaS Cloud and managed security service provider (MSSP) partners, the organisation continues to see an accelerated transition of its business to the cloud. The EMEA team closed Exabeam’s largest ever multi-million dollar SaaS Cloud deal in Q2 FY21. Sales through MSSP partners have also shown sequential quarter over quarter growth. Commercial sales function These achievements come on the heels of Exabeam’s performance milestone announcement in May, with Exabeam SaaS Cloud contributing more than half of new and add-on recurring revenue for the entire organisation in the first fiscal quarter. This momentum has been built on consistent improvements to Exabeam’s cloud-first product and partner strategy, including the announcement of the Exabeam Cloud Platform and Google Cloud Security Partner status earlier this year. Exabeam’s SaaS offering is currently available in Europe on Google Cloud in Belgium, Finland, Germany, UK, Netherlands and Switzerland. To drive this continued growth in EMEA, earlier this year, the company added new sales teams in the Nordics, France and the Middle East, including sales engineering and sales development resources. The region also added a commercial sales function to target organisations under 2,500 employees. Identity and access management This represents a significant opportunity for channel partners to create real value and grow revenues" “Today’s onslaught of cyberattacks, combined with increasingly sophisticated security tool sets and a skills shortage, means many organisations are heading into a perfect storm of IT vulnerability. This represents a significant opportunity for channel partners to create real value and grow revenues.” “Working with Exabeam, we are helping our partners address these challenges by enabling their customers’ IT security teams with the cyber tools, skills and services they need to gain visibility into endpoints, cloud, and identity and access management. This isn’t a silver bullet, but it goes a long way in minimising the impact of a cyberattack when it inevitably comes,” said Jason Simper, head of global vendor development at Exclusive Networks. Security management platform “Exabeam’s security management platform has delivered increased visibility for our information security team across the entire technology estate, including network and cloud deployments, to keep up with ever-evolving adversary tactics and techniques.” “Exabeam Advanced Analytics has improved our detection capability and reduced the time it takes to correlate log data and make actionable information immediately available to our security team. Exabeam’s incident response automation and security orchestration also drives further efficiency improvements within our security operations,” shared Mick Jenkins, CISO, Brunel University. Cloud-based security This increasing adoption of cloud-based security tools is underlined by the results of a recent survey of security practitioners, which found that 61 percent of those questioned have migrated up to half of their security tools to the cloud. Our entire EMEA team deserves huge congratulations for their success over the past year" The respondents to the survey cited improvements in monitoring and tracking of attacks (21 percent) and access to the latest features (20 percent) to be the most important reasons for moving to the cloud. “Our entire EMEA team deserves huge congratulations for their success over the past year,” commented Nir Polak, co-founder and CEO of Exabeam. Devastating impact of cyberattacks “By investing more widely in our EMEA sales organisation and building on their achievements to date, we can help more security practitioners increase their efficiency and response times to mitigate the potentially devastating impact of cyberattacks.” Charlie Howe, Exabeam VP, EMEA, concluded, “Expanding the sales organisation into additional territories has enabled us to work with customers and partners to more effectively meet their needs and continue the significant contribution our region is making to the wider business as a whole.”
Exabeam, the Smarter SIEM company, announced the appointment of former Palo Alto Networks executive Adam Geller to Chief Product Officer. In his role, Geller will be responsible for aligning the product and engineering departments to drive strategy and innovation to Exabeam’s portfolio and will report directly to CEO Nir Polak. Throughout Geller’s 20-year career in the information security industry, he has led product teams to build and deliver cutting-edge security offerings. Before joining the Exabeam team, he served as Senior Vice President of Cloud Delivered Security, Product and Engineering at Palo Alto Networks. Cloud access security broker During his tenure at the network security firm, he led the cloud transformation of the company by launching the VM-Series next-generation firewalls across multiple public and private clouds, growing cloud access security broker (CASB) and new data loss prevention (DLP) capabilities for SaaS security, and driving the expansion into securing public cloud infrastructure with the acquisitions of Evident and RedLock. Geller’s expertise will serve to build out Exabeam’s entire cloud portfolio, including the Exabeam Cloud Platform Most recently, he developed and ran Palo Alto Networks’ SASE (Prisma Access and SD-WAN), which runs as a global cloud service in both Amazon Web Services and Google Cloud Platform. Prior to Palo Alto Networks, Geller led the development of NTT Ltd.’s next-generation managed security services platform and worked with cyber security and technology companies Symantec and Verisign. Cloud-based security tools With more organisations adopting cloud-based security tools to adapt to the increase in targeted cyber threats and remote work environments, Geller’s expertise will serve to build out Exabeam’s entire cloud portfolio, including the Exabeam Cloud Platform (ECP) launched earlier this year. Since the debut, Exabeam’s cloud services have become highly sought after by enterprises around the world. More than half of the company’s sales in 2020 have been from cloud services. The momentum has been built on consistent improvements to Exabeam’s cloud-first product and partner strategy, including the ECP, Exabeam SaaS Cloud Essential for SMEs and an enhanced partner programme accessible via the cloud for MSSPs and managed detection and response (MDR) providers. Geller will continue this momentum in conjunction with the company’s technology partners. Rapidly growing SaaS practice His experience and discipline will ensure we continue our trajectory to become the overall SIEM market leader" “A strong product with an equally advanced partner ecosystem play is key for any SIEM solution, and Geller will be responsible for ensuring alignment for our continued success,” said Polak. “We are excited to welcome him to the team, as he thoroughly understands what is needed in today’s growing market and has a proven track record of leading product teams at scale. His experience and discipline will ensure we continue our trajectory to become the overall SIEM market leader, and his cloud expertise will help drive our already rapidly growing SaaS practice.” Security management solutions “I am looking forward to leading the direction of Exabeam’s security management solutions, which have already made a significant impact in the SIEM market to date,” said Geller. "As cyber threats continue to evolve, it is more critical than ever to help our clients predict security incidents and enforce response postures on-premise and in the cloud. With more teams working remotely, the shift to meeting and collaborating online in a cloud-based work environment is a learning curve for most security organisations. I look forward to creating solutions that will make it possible for them to best protect their businesses in today’s new world.”
Exabeam, the Smarter SIEM™ company, announces an expansion of its technology partnership with CrowdStrike, a pioneer in cloud-delivered endpoint protection, to deliver its new application, Exabeam Ingestor for CrowdStrike, in the CrowdStrike Store. Exabeam Ingestor for CrowdStrike provides access to endpoint telemetry in the CrowdStrike Falcon platform and enables near real-time data streaming to detect advanced threats via a pre-built connector. This allows customers to augment their endpoint data with Exabeam’s user and entity behaviour analytics (UEBA) to distinguish normal and abnormal behaviour, helping to identify risky activity indicating a potential attack, even if it has never been seen before. Complex security management “By launching an app in the CrowdStrike Store, CrowdStrike and Exabeam deliver a fully-integrated SaaS offering that provides customers with the flexibility to solve complex security management problems, while also adhering to cloud-first and cloud-only procurement mandates,” said Nir Polak, chief executive officer of Exabeam. “Our goal is to empower SOC analysts to detect advanced threats and protect the enterprise, and this new application makes that possible in a robust, yet efficient way.” The application applies UEBA to near real-time endpoint telemetry in CrowdStrike Falcon Exabeam Ingestor for CrowdStrike provides yet another way for security teams to harness the power of CrowdStrike endpoint data. With seamless, one-click, cloud-to-cloud integration, the application applies UEBA to near real-time endpoint telemetry in CrowdStrike Falcon without any complexity associated with ingestion and indexing. Further, Exabeam Ingestor for CrowdStrike helps to detect advanced and insider threats with use cases including lateral movement, credential compromise, and data exfiltration. Advanced security challenges Via native integration with Exabeam Advanced Analytics, Exabeam Ingestor for CrowdStrike also helps analysts work smarter. With Exabeam, analysts can leverage automatic alert prioritisation and machine-built incident timelines to dramatically decrease investigation times and mean time to respond (MTTR) to incidents. “With this partnership, we are providing our customers another use case for the industry-leading telemetry of the CrowdStrike Falcon platform and the power of the CrowdStrike Store, allowing them to solve for advanced security challenges without adding complexity,” said Amol Kulkarni, chief product officer, CrowdStrike. “We are pleased to strengthen our partnership with Exabeam and enable our customers to experience the combined power of our solutions.” The Exabeam Ingestor for CrowdStrike is now available in the CrowdStrike store and through Exabeam's reseller channel partners.
Exabeam, the Smarter SIEM™ company, unveils the Exabeam Cloud Platform at RSAC 2020, to help security leaders mature their security posture; aid architects to secure new use cases by expediting the provisioning and consumption of new applications, tools and content; and make security engineers and analysts more efficient with simplicity of use and deployment. Applications, including the previously announced Exabeam Threat Intelligence Service and the new Exabeam Cloud Archive, will be available on the Cloud Platform through the Exabeam Application Marketplace. Data graphing and integrations The Application Marketplace provides analysts and engineers with a single online location The first tool, the Exabeam Parser Editor, a patented self-service parser tool, is being made available with the launch of the Exabeam Cloud Studio on the Cloud Platform. The multi-tenant Cloud Platform extends Exabeam’s security information and event management (SIEM) solution with capabilities unique to Exabeam – user and entity behaviour analytics (UEBA) and object-centric workspaces – as well as cloud storage, data graphing and integrations with over 250 products. As a cloud offering, engineering tasks needed to deploy and maintain the infrastructure’s underlying services are eliminated. The Application Marketplace provides analysts and engineers with a single online location to try, buy and deploy Exabeam security management applications to improve how they work. Initial applications include: Exabeam Cloud Archive – allows organisations to establish a second, cheaper storage tier for the long-term retention of security without having to endure long search times or inaccessible storage. Exabeam Threat Intelligence Service – allows security teams to fully integrate threat intelligence with correlation rules or behavioural analysis models to indicate added risk of notable users and entities. Software development toolkit Engineers can use tools to quickly develop the content they need to support new use cases In the future, applications will also be available from trusted partners. Partners will be able to build applications on the Cloud Platform using Exabeam’s software development toolkit (SDK) or simply sell them through the marketplace. Of all SOC responsibilities, security pros were least satisfied with responsibility for SIEM content creation, according to the Exabeam 2019 Cybersecurity Professionals Salary, Skills and Stress Survey. The Cloud Studio reduces the frustrations of SIEM content creation. Engineers can use tools to quickly develop the content they need to support new use cases. Initially the Cloud Studio includes: Exabeam Parser Editor - a novel solution that will save engineers an average of six hours a week by allowing them to easily build parsers for new log types and modify existing parsers by uploading a log file and using the simple, intuitive UI of a self-service wizard. Security teams improving productivity “Exabeam’s mission is to make every security practitioner more efficient,” said Nir Polak, CEO, Exabeam. “We previously helped security teams improve productivity by redefining the modern SIEM with UEBA and SOAR. Now, we are raising the bar again, with a cloud platform that allows them to quickly provision and consume new applications, tools and content.” Exabeam is also announcing additional new features to the Exabeam Security Management Platform (SMP), a modern SIEM that can be deployed as SaaS, in a public or private cloud, or as software on premises: Turnkey playbooks: out-of-the-box automated playbooks for common security investigations, such as phishing, that unlike playbooks in other security orchestration, automation and response (SOAR) products, do not require third-party licenses or configuration. New cross-platform integrations that allow analysts to seamlessly pivot from events in a user timeline back to the raw log; view cases automatically enriched with user, entity or artifact details; add evidence to cases (or create new cases) directly from user timelines; and build playbooks to recognise anomalous activity. Dark mode: to improve analysts’ visual experience, especially in low-light environments like a dark SOC or late at night when an attack surfaces. The Threat Intelligence Service is currently available to Exabeam customers at no additional cost. The Cloud Archive will initially be available to Exabeam SaaS Cloud customers in Q2 2020. The Parser Editor will be available in a limited release in Q2 2020. The other new Exabeam SMP features will be available in Q2 2020. For further information about the Exabeam Cloud Platform meet Exabeam at RSAC 2020, South Expo Hall, booth #555.
Exabeam, the smarter SIEM company, announces that it has closed $75 million in Series E funding to accelerate worldwide efforts to displace legacy security management vendors. The latest round is jointly led by new investor Sapphire Ventures and Lightspeed Venture Partners, which have collectively backed nearly 40 IPOs. Other existing investors also participated. The funds will be used for expanding sales reach and to expedite new product features and configurations. In the last 12 months, Exabeam’s market perception has shifted from a user and entity behaviour analytics (UEBA) vendor to a leading SIEM provider. Recognising this, Exabeam was recently named a leader in the 2018 Gartner Magic Quadrant for Security Information and Event Management. Unique data sources Exabeam has a 72 percent win rate in replacement deals against incumbents During the last fiscal year, 76 percent of the company’s replacement deals eliminated legacy vendors, including IBM, McAfee, RSA, LogRhythm, Micro Focus and Splunk. In addition, Exabeam has a 72 percent win rate in replacement deals against these incumbents. Technology and services giant NTT DATA is just one example of a global deployment where Exabeam displaced multiple legacy SIEMs and the company standardised on Exabeam going forward. Since its $50 million Series D funding round in August 2018, Exabeam has also seen increased sales of its cloud offerings, on the heels of the release of Exabeam SaaS Cloud, which was launched and purchased by its first customer within the first quarter of this year. The company also expanded its sales team and Technology Alliance Partnership Program, which has already attracted more than 350 software and services vendors, representing integrations with nearly 2,500 unique data sources and APIs. Collective guidance “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,” said Nir Polak, Exabeam CEO. Both Lightspeed and Sapphire have an incredible combined track record of spotting up-and-comers" He added, “Having recently backed groundbreaking public companies like Box, DocuSign, MuleSoft, Nutanix and Square, both Lightspeed and Sapphire have an incredible combined track record of spotting up-and-comers that will ultimately dominate their markets. Their collective guidance and support will only further our mission to keep our customers out of the breach headlines and take over the SIEM market along the way.” Streamlined threat detection Alongside the influx of big data driven by cloud applications and mobile devices, as well as increasingly sophisticated insider and external threats, Exabeam is scaling to meet the needs of the largest organisations globally. As a next generation security player founded in 2013, the company continues to disrupt the SIEM market with its flat, user-based pricing model and streamlined threat detection and machine learning-powered behavioural analytics—helping security operations centre (SOC) analysts work smarter. “We’ve chosen to back Exabeam because of the momentum the company has in a very large and important market. Nir and the team are solving the problems that legacy SIEM vendors don’t seem to realise they have, and to us, that demonstrated unmistakable value. Customers are consistently buying its full platform as a replacement for the offerings that once dominated the market to improve their security posture and conquer the hurdles of outdated technology and expensive, data-based pricing,” said Anders Ranum, managing director at Sapphire Ventures. Endpoint protection vendors Lightspeed is excited to double down on our investment in Exabeam" “As cyberattacks, cyberwarfare and corporate espionage are on the rise, Exabeam is enabling companies to analyse user behaviour and spot even the most subtle anomalies in a way no other SIEM vendor has. They’re in an ideal position to be the next big security disruptor, and we’re excited to be joining in their journey.” “Lightspeed is excited to double down on our investment in Exabeam,” said Ravi Mhatre, partner at Lightspeed Venture Partners. “Looking broadly at the security market in recent years, there have been several big exits from companies replacing legacy authentication and endpoint protection vendors. Security management is next, and Exabeam is well positioned to be the leader.” Exabeam has recently been named to Business Insider’s 30 Cybersecurity Startups that Will Blow up in 2019 and Silicon Valley Business Journal’s Best Places to Work in the Bay Area lists. It has also ranked No. 12 overall and No. 1 in security on Inc. Magazine’s 37th annual Inc. 5000, as well as No. 8 on the Wall Street Journal’s Tech Companies to Watch in 2018.
Exabeam, the next-gen SIEM company, announces that NTT DATA Corporation (NTT DATA), its partner and one of the providers of technology and services for government and business, has chosen to secure its global operations using Exabeam’s Security Management Platform (SMP), which provides unlimited data collection, machine learning and analytics for modern cyber threat detection and response. NTT DATA’s internal system is used throughout more than 50 countries and regions, 210 cities and by 34,500 employees in Japan and 75,500 employees overseas. It is a fast-moving company that has acquired many businesses over the last five to 10 years, resulting in the inheritance of a number of different legacy SIEM platforms. However, these solutions were lacking, and NTT Data wasn’t obtaining the visibility it needed to keep pace with modern cyberthreats. Disparate legacy systems Exabeam was already our valued partner, and we were so confident in the company’s security solution" “Exabeam was already our valued partner, and we were so confident in the company’s security solution, we decided to use it ourselves, to remove complexity and unify our disparate legacy systems that were ineffective at protecting against modern threats,” said Hiroshi Honjo, head of Cyber Security and Governance at NTT DATA. “Having Exabeam’s unlimited data lake and attractive pricing model made the difference for our large organisation.” Exabeam’s SMP provides NTT DATA with scalable, behavioural modelling, machine learning, and advanced analytics for comprehensive insider and entity threat detection throughout Japan, APAC, North America, and Europe. This functionality was vital to the NTT DATA team because they required greater visibility into potential cyberthreats throughout the organisation and in all locations around the world. Automated incident response “NTT DATA’s journey was a unique one, since they had multiple legacy logging platforms in use globally. Exabeam was able to replace or consolidate each system using our next generation platform, and we accomplished the initial rollout in a matter of months,” said Nir Polak, CEO, Exabeam. “The swiftness of that transition is critical to maintaining secure operations, especially when dealing with such a geographically dispersed enterprise.” Automated incident response allows teams to respond to security incidents rapidly and with less effort Automated incident response allows teams to respond to security incidents rapidly and with less effort. At the SMP’s foundation is the Exabeam security data lake, designed to store all event logs at a predictable and flat price. This frees the NTT DATA security team from manually analysing data logs – and instead they can focus on quickly identifying and responding to security threats. SIEM solution According to Honjo, “The second phase of our project will be to look at use cases and fine tune the SIEM solution to work for our business needs. Overall, we are very happy with how well Exabeam met our stated deadlines and how quickly we are able to realise value from the product. We look forward to introducing Exabeam to our global customers.” Recently, Exabeam was identified by Gartner, Inc. in the 2018 Magic Quadrant for Security Information and Event Management. The company was positioned as a Leader based on completeness of vision and ability to execute.