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Cybersecurity Startup Exabeam Raises $50 Million

Founded in 2013, Exabeam provides security intelligence and information protection services to organizations and businesses

Amarelle Wenkert 16:5214.08.18
San Mateo, California-based cybersecurity company Exabeam, Inc. announced on Tuesday it has closed $50 million in a Series D funding round led by Lightspeed Venture Partners. The round was participated by existing investors including cybersecurity investor Shlomo Kramer, Aspect Ventures, and Cisco Investments.

 

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Founded in 2013, Exabeam provides security intelligence and information protection services to organizations and businesses. Exabeam said it is on track to more than double its market size in 2018, having reported 250% market growth in 2017 and 300% market growth in 2016. The company raised $118 million to date, according to Pitchbook data.

Cybersecurity investor Shlomo Kramer. Photo: Amit Sha'al Cybersecurity investor Shlomo Kramer. Photo: Amit Sha'al
Israeli-linked cybersecurity startups raised $734 million in 2017, up 9% from 2016, according to data by Startup Nation Central (SNC), an Israeli non-profit that connects international entities with Israeli startups. In the first half of 2018, Israeli-linked cybersecurity startups raised $531 million, according to SNC.

 

Kramer is one of Israel's most prominent cybersecurity founders and investor. He co-founded firewall pioneer Check Point Software Technologies Ltd., a flagship of Israel’s cyber sector, and invested in Check Point's rival, Palo Alto Networks Inc., where he also served as board member.

 

Kramer served as an investor and board member in a number of other startups, including Trusteer Inc., bought by IBM in 2013. He co-founded Imperva Inc. in 2002 and served as its President and CEO until 2014. In 2015, he founded Tel Aviv-based Cato Networks, a company providing software-defined wide-area network (SD-WAN) security, where he serves as CEO.

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