Exabeam, the new startup based out of San Mateo, California, is suddenly getting a lot of attention for raising $13 million in series A funding from Norwest Ventures Partners, Aspect Ventures, and investor Shlomo Kramer. Scheduled to roll out by the end of the year, Exabeam’s security information and event management (SIEM) model will concentrate on big data analysis. The CEO, Nir Polak said that the product would have the capabilities of machine-learning so that something of the likes of the Target fiasco may be avoided in the future. Exabeam will bring Accel Ventures’ Theresia Gouw and Norwest’s Matt Howard on its board of directors. The company is also currently in the middle of founding a strong engineering team and just hired Imperva’s previous senior vice president of worldwide sales, Ralph Pisani.
It’s early on in the game to say what Exabeam’s competition will look like, but there are other contenders new on the market such as Observable Networks from last year and those such as ProtectWise and CyberX about to hit the market that could prove to be interesting. Here is a snapshot on Exabeam.
Company Background
• Started: 2014
• Raised: $13M
• VC Backers: Norwest Ventures Partners, Aspect Ventures and Angel Investor Shlomo Kramer
• LinkedIn Employee Count: 13
• Founders: Nir Polak (CEO)
• Product: Machine-learning SIEM model
• Problem/Resolution: Current security data analysis checks for malware and external threats, while Exabeam’s SIEM model and technologies will concentrate on hacker behavior for the system to be able to predict threats and control threats.
• Customers: Large enterprise, Mid-market and Government Agencies
Features
• SIEM big data analysis
• Machine-learning capabilities that enable security queries to pull up internal and external threats.