Exabeam is a leading provider of user and entity behavior analytics, based on security-based data science and innovative Stateful User Tracking technology.
The company was built by security and enterprise IT veterans from Splunk (SPLK), Imperva, and Sumo Logic. Exabeam was founded in 2013 and is headquartered in San Mateo, California.
Exabeam competes in security information and event management (SIEM) industry and faces a strong competition from a number of firms, including its closest rival Splunk (SPLK). This may negatively affect its long-term viability and valuation.
Global spending on information security products and services will reach $124 billion in 2019, research firm Gartner estimated in an August report.
Exabeam continuously monitors the sources of companies’ log data to determine “normal” activity so it can spotlight unusual activities and allocate a risk score. The company was named as Highest Rated security information and event management (SIEM) provider based on customer reviews and ratings in Gartner’s 2018 Report.
A number of cybersecurity companies compete in this field, including Splunk (SPLK), whose shares recently hit an all-time high of around $140 — up some 700% on its $17 IPO price in 2012. Current market cap of SPLK is around $18B.
Exabeam has raised a total of $190M from a number of top Silicon Valley VC firms, including Lightspeed Venture Partners (invested in Zscaler, Nutanix), Sapphire Ventures (invested in Livongo Health, Alteryx, Looker) and Norwest Venture Partners (invested in Health Catalyst, FireEye).