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Cybersecurity startup Exabeam raises $200 million, valued at $2.4 billion

Cybersecurity startup Exabeam raises $200 million, valued at $2.4 billion
By Jane Lanhee Lee
Reuters
(Reuters) - Exabeam, a Silicon Valley startup that helps companies automate the analysis and monitoring of their cybersecurity data, on Tuesday said it raised $200 million in its latest round of funding which valued the company at $2.4 billion.
While venture capital investment in cybersecurity has been rising fast over the years, it got an extra boost during the pandemic as remote work created extra challenges.
According to data firm PitchBook, venture funding in cybersecurity hit a record $10.2 billion in 2020 and as of late May 2021 had already reached $8 billion. A bulk of the funding is happening with U.S. startups. ....

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Cybersecurity startup Exabeam raises US$200 million, valued at US$2.4 billion

Cybersecurity startup Exabeam raises US$200 million, valued at US$2.4 billion
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Cybersecurity startup Exabeam raises US$200 million, valued at US$2.4 billion
Exabeam, a Silicon Valley startup that helps companies automate the analysis and monitoring of their cybersecurity data, on Tuesday said it raised US$200 million in its latest round of funding which valued the company at US$2.4 billion.
Exabeam CEO Michael DeCesare (L) and chairman and co-founder Nir Polak (R) pose in front of the Exabeam logo in Foster City, California, U.S. in this undated May 2021 handout photograph. Courtesy BIGSHOT PHOTOGRAPHY/Handout via REUTERS.
01 Jun 2021 09:10PM ....

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