The company is already in Dizraptor’s portfolio since Jul 10. New offerings are possible in the future
About the Company
Exabeam is a leading provider of user and entity behaviour analytics. It applies machine learning algorithms to ensure cybersecurity and a cutting-edge data science and innovative Stateful User Tracking technology used to track and analyze user behaviour.
The company was founded in 2013 by security and enterprise IT veterans from Splunk, Imperva, and Sumo Logic. Exabeam is headquartered in San Mateo, California.
Since mid-2020, the company has been actively investing in the Exabeam Partner Program, which now includes more than 400 reseller, distributor, system integrator and consulting partners from all around the world. In addition, Exabeam maintains over 500 technology integrations with the leading IT and security companies, including CrowdStrike, Okta and Snowflake.
The global cybersecurity market was valued at $184.93B in 2021 and is expected to register a CAGR of 12% from 2022 to 2030.
While venture capital investment in cybersecurity has been rising fast over the past few years, this sector got an extra boost during the pandemic due to the unforeseen challenges created by the remote work conditions. According to the PitchBook data agency, venture funding in cybersecurity hit a record $10B in 2020 and as of May 2021 had already reached $8B.
Exabeam continuously monitors the sources of companies’ log data to determine “normal” activity so it can spotlight unusual activities and allocate a risk score. Exabeam was named a leader in the 2021 Gartner Magic Quadrant for Security Information and Event Management for the third consecutive time.
Financials and Valuation
The company hit unicorn status with a $2.4B valuation in May 2021, when it raised $200M in a Series F round led by the Owl Rock division of Blue Owl Capital. The previous round was held in May 2019 at a valuation of $800M.
As of November 2021, Exabeam has raised a total of $390M in 6 investment rounds from a number of top Silicon Valley VC firms, including Lightspeed Venture Partners (invested in Zscaler, Nutanix), Sapphire Ventures (invested in Livongo Health, Alteryx, Looker) and Norwest Venture Partners (invested in Health Catalyst, FireEye).
Exabeam faces strong competition in the security information and event management (SIEM) industry from a number of firms. Its closest rival Splunk has reached a market cap around $22B as of November 2021. This may have a negative effect on its long-term viability and valuation.