With $75M Funding, Cybersecurity Startup Exabeam Opens East Coast-Focused Atlanta Office by Holly Beilin May 7, 2019 0 comment
Cybersecurity startup Exabeam, which last week announced the opening of a new East Coast office in Atlanta, has today closed a $75 million funding round led by Sapphire Ventures and Lightspeed Venture Partners. The Atlanta office will initially hold about 15 current Exabeam employees, with plans to more than double that over the next few years.
Company leaders cited Atlanta’s diverse workforce, top schools, and affordability as primary reasons for the new location.
“By expanding into Atlanta, we are not only setting up a hub closer to our East Coast and European customers but are gaining access to a diverse, highly-qualified pool of candidates,” said CEO Nir Polak in a statement. “We plan to immediately begin recruitment from the top technology programs and historically black colleges throughout the state.”
San Mateo, California-based Exabeam uses data science and machine learning to help companies analyze user behavior and identify any anomalies that might indicate malicious activity or hacking. The six-year-old company was ranked number one in the security category on the Inc. 5000 and eighth on the Wall Street Journal’s Tech Companies to Watch in 2018.