Exabeam, a US-based cybersecurity management software provider backed by networking technology producer Cisco, has completed a $75m series E round.
Venture capital firms Sapphire Ventures and Lightspeed Venture Partners co-led the round, which also featured undisclosed existing investors.
Exabeam has created a cybersecurity event and data management platform that allows organisations to continuously analyse the state of their security and oversee the response to any cyber threats. It will use the capital to grow its sales activities and enhance its core product.
The round boosted the company’s overall funding to $190m, and came after a $50m series D that was also led by Lightspeed and backed by Cisco unit Cisco Investments, Norwest Venture Partners (NVP), Aspect Ventures, Icon Ventures and Shlomo Kramer.
NVP led Exabeam’s $10m series A round in 2014, investing with Aspect Ventures and Kramer, before all three returned for a $25m series B led by Icon Ventures the following year.
Cisco Investments and Lightspeed co-led a $30m series C round for Exabeam in early 2017 that also featured NVP, Aspect Ventures, Icon Ventures and Kramer.
Nir Polak, chief executive of Exabeam, said: “Over the last year, we have seen our strategic value increase, and our average deal size has grown by 100% from just two years ago. This is because we are 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 are raising money to accelerate our go-to-market and enhance our products to bring additional innovation to modern [system-on-a-chip] environments.”
