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Photo: Thomas Trutschel/Photothek via Getty Images

Exabeam, a security information and event management (SIEM) cybersecurity firm headquartered in San Mateo, California, announced Tuesday it has raised $50 million in Series D funding.

Why it matters: Cybersecurity officers and leadership at companies experiencing cyberattacks, malware incidents, or data breaches need to be able to tell their board what happened — and fast. SIEM tools help that to happen and will only become more necessary for Corporate America as cyberattacks become more and more frequent.

The details: Exabeam, which uses machine learning and user behavior to try and secure companies, will use the new funds for its cloud portfolio, sales, and global expansion. It already operates in North America, Europe, the Middle East, Africa, and Asia, per The Silicon Review.

  • The series was led by Lightspeed Venture Partners, the firm behind Snap’s IPO. Others investing in this round include Aspect Ventures, Cisco Investments, Icon Ventures, Norwest Venture Partners and investor Shlomo Kramer. They’re all existing investors.

The market: Gartner predicts that spending on SIEM tech will rise to $3.4 billion by 2021.

  • It’s not a zero sum game as organizations sometimes use a few SIEM tools from different companies to optimize for different capabilities, like logging versus quick detection, per CSO.

Go deeper

Focus group: Former Trump voters say he should never hold office again

Illustration: Sarah Grillo/Axios

"Relief" is the top emotion some swing voters who used to support Donald Trump say they felt as they watched President Biden's swearing-in, followed by "hope."

Why it matters: For voters on the bubble between parties, this moment is less about excitement for Biden or liberal politics than exhaustion and disgust with Trump and a craving for national healing. Most said Trump should be prohibited from ever holding office again.

Updated 13 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Eniola Odetunde/Axios

  1. Health: Most vulnerable Americans aren't getting enough vaccine information — Fauci says Trump administration's lack of facts on COVID "very likely" cost lives.
  2. Politics: Biden unveils "wartime" COVID strategyBiden's COVID-19 bubble.
  3. Vaccine: Florida requiring proof of residency to get vaccine — CDC extends interval between vaccine doses for exceptional cases.
  4. World: Hong Kong to put tens of thousands on lockdown as cases surge.
  5. Sports: 2021 Tokyo Olympics hang in the balance.
  6. 🎧 Podcast: Carbon Health's CEO on unsticking the vaccine bottleneck.

Trump impeachment trial to start week of Feb. 8, Schumer says

Senate Majority Leader Chuck Schumer. Photo: The Washington Post via Getty

The Senate will begin former President Trump's impeachment trial the week of Feb. 8, Majority Leader Chuck Schumer announced Friday on the Senate floor.

The state of play: Schumer announced the schedule after reaching an agreement with Republicans. The House will transmit the article of impeachment against the former president late Monday.