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Exabeam Secures $10 Million in Series A Round From Norwest Venture Partners and Aspect Ventures
|By Business Wire
|June 10, 2014 09:13 AM EDT
a big data security analytics company that is unlocking the potential of
existing logs to fundamentally change the way cyberattacks are detected,
has raised $10 million in a series A funding round. The investment is
led by Silicon Valley venture capital firm Norwest
Venture Partners, and includes
additional funds from Aspect
Ventures and Angel Investor Shlomo Kramer. Exabeam will use this
investment to support its go-to-market strategy and continue developing
its solution, which will simplify security operations and arm IT teams
with the information needed to win the war against today’s sophisticated
Exabeam’s founding team consists of seasoned security and enterprise IT
veterans from leading companies, including CEO Nir Polak and Vice
President of Products Sylvain Gil, both formerly with Imperva, and Chief
Technology Officer Domingo Mihovilovic, formerly with Sumo Logic.
Exabeam’s approach complements existing security information and event
management (SIEM) and log management systems, so there is no need to
rebuild monitoring infrastructure. Its groundbreaking, machine-learning
technology focuses on attacker behavior rather than ever changing
malware and tools to effectively detect modern cyberattacks without the
need to hire an army of security-savvy data scientists.
“Exabeam is addressing a long-awaited market need by harnessing big data
to address security threats beyond initial intrusion. With modern
technology at its core and a team built of security powerhouses, Exabeam
is poised to disrupt the security analytics scene,” said Managing
Partner Matthew Howard of Norwest Venture Partners, a venture capital
and growth equity firm with a successful track record of security
industry investments, such as FireEye, MobileIron, 41st
Parameter and Shape Security.
Theresia Gouw, co-founder of Aspect Ventures, said, “This founding team
has the experience, expertise and drive to make Exabeam a success by
simplifying security solutions for IT teams fighting cyberattacks."
Exabeam is Aspect Ventures first enterprise Series A investment. Gouw's
other security investments include Imperva, ForeScout, TRUSTe and
Howard and Gouw will join Exabeam’s board of directors, which includes
founders Polak and Gil, as well as Angel Investor and CEO of Imperva
Shlomo Kramer, who has a track record of founding, funding and growing
successful security companies such as Check Point, Imperva, Palo Alto
Networks and Trusteer.
Exabeam CEO Nir Polak said, “Organizations are losing the battle against
cyberattacks, and the industry is in need of an effective approach to
reverse the asymmetric advantage favoring hackers. Our investors have an
impressive history of building transformative companies, and their
confidence in Exabeam’s big data security analytics will help us solve
the most persistent and important challenge in the security industry –
stopping data breaches in their tracks.”
is a big data security analytics company that is unlocking the potential
of existing logs to fundamentally change the way cyberattacks are
detected and greatly simplify security operations. The company’s
groundbreaking, machine-learning technology focuses on attacker behavior
rather than ever changing malware and tools to effectively detect modern
cyberattacks without the need to hire an army of security savvy data
scientists. Built by seasoned security and enterprise IT veterans from
Imperva and Sumo Logic, Exabeam is headquartered in San Mateo,
California and is privately funded by Norwest Venture Partners, Aspect
Ventures and Investor Shlomo Kramer. Visit us on Facebook
and follow us on LinkedIn.
About Norwest Venture Partners
Venture Partners (NVP) is a global, multi-stage
venture and growth equity investment firm that has partnered with
entrepreneurs to build great businesses for more than 50 years. The firm
manages approximately $5 billion in capital and has funded more than 550
companies since inception. Headquartered in Palo Alto, Calif., NVP has
subsidiaries in Mumbai and Bengaluru, India, and Herzelia, Israel. NVP
makes early to late-stage venture and growth equity investments across a
wide range of sectors including: technology, information services,
business services, financial services, consumer products/services and
healthcare. For more information visit: www.nvp.com.
Follow NVP on Twitter @NorwestVP.
About Aspect Ventures
Aspect Ventures works with entrepreneurs in the emerging mobile
marketplace, making Seed and Series A investments in Mobile, Consumer
Internet, Enterprise, SaaS and Healthcare IT. We approach the growth and
building of companies from every aspect. With a long industry
perspective across over 80 Seed and Series A investments, we work
alongside great entrepreneurs – as active advisors, board members and
partners – through every point on their success curve. For more
information, please visit www.aspectventures.com.
Follow Aspect Ventures @AspectVC.
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