Exabeam, the security analytics and automation company, has announced a $200 million Series F growth round at a valuation of $2.4 billion. The round is led by the Owl Rock division of Blue Owl Capital and supported by existing investors Acrew Capital, Lightspeed Venture Partners and Norwest Venture Partners.
Exabeam also announced the appointment of Michael DeCesare as CEO and president. The company’s co-founder and first CEO, Nir Polak, will continue on as an active member of the executive team and remain at the company. Additionally, Polak will assume the role of chairman of the board.
DeCesare has more than 25 years of experience leading high-growth security companies. He was president of McAfee, and most recently, DeCesare was CEO and president of ForeScout Technologies, which went public in 2017 under his leadership.
In addition, Exabeam Chief Product Officer Adam Geller will now lead both the product and engineering organizations, ensuring even tighter integration and alignment as the company innovates and invests in creating the number one trusted cloud SecOps platform on the market. Geller was previously a senior vice president of cloud security at Palo Alto Networks before joining Exabeam in 2020.
“This funding round gives us the operating capital required to continue executing on our vision to deliver the number one trusted cloud SecOps platform on the market,” said Polak. “It gives us the opportunity to triple down on our R&D efforts and continue engineering the most advanced UEBA, XDR and SIEM cloud security products available today.”