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Exabeam
American cybersecurity company From Wikipedia, the free encyclopedia
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Exabeam is a global cybersecurity company headquartered in Foster City, California.[1] In 2021 it joined the Snowflake Inc. data services platform and achieved unicorn status with over $2B valuation.[2][3]
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Exabeam was founded in 2013[4][5] while its software was developed by programmers from Imperva,[6] Sumo Logic, HP ArcSight, and Splunk.[7] On June 10, 2014, Exabeam raised $10 million.[8] In September 2015, EXABEAM raised $25 million in a Series B venture round led by Icon Ventures.[9] In June, the company launched Analytics for Ransomware, app designed for early detection of ransomware infections across the corporate network.[10][11] In 2017, Exabeam raised $30 million,[12] $50 million 2018,[13][14][15] and $75 million in 2019.[16]
In May 2019, the company partnered with Deakin University to develop a cybersecurity degree program.[17][18] On July 2, Exabeam bought Israeli cloud security firm SkyFormation.[19][20][21] In January 2021, the company joined the cybersecurity ecosystem Snowflake Inc. data services platform.[22] Exabeam achieved $2.4 billion valuation,[23] following its announcement of a $200 million Series F funding round in June.[24][25][26]
In 2020, Forrester Research featured Exabeam in its Security Analytics Platforms, Q4 2020 report.[27] Former Forescout CEO Michael DeCesare became the second CEO of Exabeam on June 1, 2021, as announced by Reuters.[28][29]
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.[30] 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.[31]
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