Aug 14, 2018

Cybersecurity incident detection firm Exabeam raises $50 million

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.

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Coronavirus dashboard

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  1. Global: Total confirmed cases as of 5 p.m. ET: 1,187,798 — Total deaths: 64,084 — Total recoveries: 245,949Map.
  2. U.S.: Total confirmed cases as of 5 p.m. ET: 301,902 — Total deaths: 8,175 — Total recoveries: 14,505Map.
  3. Public health latest: CDC launches national trackers and recommends face coverings in public. Federal government will cover costs of COVID-19 treatment for uninsured. The virus is hitting poor, minority communities harder and upending childbirth.
  4. 2020 latest: "We have no contingency plan," Trump said on the 2020 Republican National Convention. "We're having the convention at the end of August."
  5. Business updates: Restaurants step up for health care workers. Employees are pressuring companies to provide protections during coronavirus. America's small business bailout off to bad start.
  6. Oil latest: Monday meeting among oil-producing countries to discuss supply curbs is reportedly being delayed amid tensions between Saudi Arabia and Russia.
  7. Education update: Many college-age students won't get coronavirus relief checks.
  8. 1 🏀 thing: The WNBA postpones start of training camps and season.
  9. What should I do? Pets, moving and personal health. Answers about the virus from Axios expertsWhat to know about social distancingQ&A: Minimizing your coronavirus risk.
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U.S. coronavirus updates: Death toll surpasses 8,000

Data: The Center for Systems Science and Engineering at Johns Hopkins; Map: Andrew Witherspoon/Axios

Recorded deaths from the coronavirus surpassed 8,000 in the U.S. on Saturday afternoon, per Johns Hopkins data. The death toll in the U.S. has risen over 1,000 every day for the past four days, since April 1.

The big picture: As expected, COVID-19 death tolls are rising in the U.S. The CDC is recommending Americans wear face coverings in public to help stop the spread, marking a significant change in messaging from the Trump administration.

Go deeperArrowUpdated 3 hours ago - Health

World coronavirus updates: Spain tracks more cases than Italy

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC and China's Health Ministry. Note: China numbers are for the mainland only and U.S. numbers include repatriated citizens and confirmed plus presumptive cases from the CDC

Spain overtook Italy in its number of coronavirus cases on Saturday. The global death toll has surpassed 62,000, per Johns Hopkins data.

The latest: About half the planet's population is on lockdown amid the coronavirus crisis. Fatalities are exponentially increasing across Europe, with roughly half of deaths worldwide located in Italy and Spain.

Go deeperArrowUpdated 3 hours ago - Health