Exabeam raises $200M to fuel scale, product innovation and extend leadership
Exabeam 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 welcomes cybersecurity industry leader 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.
Exabeam Secures $200 Million at $2.4 Billion Valuation, Welcomes New CEO and President Michael DeCesare
on June 01 2021 11:30 PM
New funding will fuel scale, product innovation and extend the company’s leadership as it delivers the number one trusted cloud SecOps platform on the market
FOSTER CITY, Calif. (BUSINESS WIRE) Exabeam, the security analytics and automation company, today 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 welcomes cybersecurity industry leader 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.
How Blue Owlâs $12.5B SPAC Deal Could Shape The Future Of Private Equity
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What happens when you combine just about every major buzzword that has enveloped private equity in recent years in a single $12.5 billion transaction, one that underscores the many ways the industry has evolved and diversified away from its barbarian beginnings in the 1980s?
Blue Owl Capital is about to find out.
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Owl Rock and Dyal Complete Business Combination; Newly Formed Blue Owl Commences Trading on NYSE
- Blue Owl will commence trading under the ticker OWL on the NYSE on May 20, 2021
- As of 3/31, Blue Owl had $52.5 billion in AUM, 91% of which is permanent capital
- Doug Ostrover will serve as Chief Executive Officer; Marc Lipschultz and Michael Rees will become Co-Presidents; and Alan Kirshenbaum will serve as Chief Financial Officer
NEW YORK, May 20, 2021 /PRNewswire/ Owl Rock Capital Group and Dyal Capital Partners today announced the formation of Blue Owl Capital Inc. (NYSE: OWL), a publicly traded alternative asset management firm. Blue Owl is the result of the completion of the business combination with Altimar Acquisition Corporation (formerly NYSE: ATAC). The transaction was unanimously approved by Altimar s Board of Directors and by Altimar s shareholders at an extraordinary general meeting of Altimar shareholders on May 18, 2021.