Venture capital

Y Combinator expands to China

Illustration: Sarah Grillo/Axios

Silicon Valley startup accelerator Y Combinator, whose companies have included Airbnb and Dropbox, on Tuesday announced that it is expanding into China. YC also said the new effort will be led by Qi Lu, the former Microsoft executive who recently stepped down as COO at Baidu.

Why it matters: Chinese tech companies have long been accused of copying American peers, but Y Combinator's Sam Altman tells Axios that the paradigm has begun to reverse.

Cybersecurity incident detection firm Exabeam raises $50 million

Lock in shadows above a blue chip
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.