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Venture Capital

Exabeam Raises $75M To Accelerate Worldwide Displacement Of Legacy Siem Vendors

by posted 9months ago 23 views
Follows 2018, which saw 76 percent of platform replacement deals edge out legacy vendors IBM, McAfee, RSA, LogRhythm, Micro Focus and Splunk SAN MATEO, Calif., May 7, 2019-– Exabeam, the Smarter SIEM™ company, today announced 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.

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