US-based big data security analytics company Exabeam has secured $10m in a series A round led by Norwest Venture Partners, the venture capital firm backed by bank Wells Fargo, and supported by Aspect Ventures and Shlomo Kramer, CEO of cybersecurity firm Imperva.
Founded in 2013, Exabeam’s machine learning technology aims to prevent cyberattacks by concentrating on attacker behaviour. It plans to use the funding to support a go-to-market strategy, and to further develop its technology.
“Exabeam is addressing a long-awaited market need by harnessing big data to address security threats beyond initial intrusion,” said Matthew Howard, a managing partner of Norwest. “With modern technology at its core and a team built of security powerhouses, Exabeam is poised to disrupt the security analytics scene.”
Other cybersecurity companies to receive investment from Norwest include FireEye, MobileIron, 41st Parameter and Shape Security.