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Cybersecurity startup Exabeam raises $200 million, valued at $2.4 billion
By Jane Lanhee Lee
Reuters
(Reuters) - Exabeam, a Silicon Valley startup that helps companies automate the analysis and monitoring of their cybersecurity data, on Tuesday said it raised $200 million in its latest round of funding which valued the company at $2.4 billion.
While venture capital investment in cybersecurity has been rising fast over the years, it got an extra boost during the pandemic as remote work created extra challenges.
According to data firm PitchBook, venture funding in cybersecurity hit a record $10.2 billion in 2020 and as of late May 2021 had already reached $8 billion. A bulk of the funding is happening with U.S. startups.
Cybersecurity startup Exabeam raises US$200 million, valued at US$2.4 billion Toggle share menu
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Cybersecurity startup Exabeam raises US$200 million, valued at US$2.4 billion Exabeam, a Silicon Valley startup that helps companies automate the analysis and monitoring of their cybersecurity data, on Tuesday said it raised US$200 million in its latest round of funding which valued the company at US$2.4 billion.
Exabeam CEO Michael DeCesare (L) and chairman and co-founder Nir Polak (R) pose in front of the Exabeam logo in Foster City, California, U.S. in this undated May 2021 handout photograph. Courtesy BIGSHOT PHOTOGRAPHY/Handout via REUTERS.
01 Jun 2021 09:10PM
played out. yeah, trade is important, but it s going to be who owns 5 g, quantum computing, quantum communications and artificial intelligence. maria: this is a really good point because i ve got a report here that says that china has now been participating in up to 10% of venture capital deals in the united states. they re basically just putting their money there so that they could invest in these companies but ultimately get the secrets and the technology of some of the most important industries of tomorrow, like ai, like robotics , like shipping, all of these thins that are supposed to drive growth here. absolutely and you know, the chinese have been doing this while they close off their market to ours and so this is just completely unreciprocal. the president talks about reciprocal trade relations, we re going to have to do something. work a little harder sacrifice a little more because the president is fighting for the future of our country. maria: so is it just china that s rea
with us today. reporter: thanks, bill. martha: it has become one of the hottest topics of the campaign season, the time that mitt romney spent as ceo of bain capital. so how do all these claims actually stack up with the facts? chief washington correspondent james rosen is live in our d.c. bureau with more on this. james, tell us how this is working out in the fact check. reporter: we begin at the beginning, mart that. bain capital is a privately-owned investment firm head quart erred in boston and employing about 900 people. it handled private and public equity deals. that means buying ownership next ising companies and trying to increase their market shares and venture capital deals, investing in promising start up. bain has made private equity investments in more than 240 companies, by its own estimate manages some 66 billion in assets. mitt romney was vp of bain s