Exabeam Closes $25 Mln Financing Round To Accelerate Rapid Growth

(RTTNews) - Exabeam, a leader in user behavior analytics or UBA for security, Tuesday announced the closing of a $25 million financing round to further accelerate the company's rapid growth and continue updating its UBA solution in response to customer demand and industry trends.

Icon Ventures led the Series B investment round. Icon Ventures' previous security investments include security companies Palo Alto Networks (PANW) and FireEye (FEYE).

Exabeam's previous investors - Aspect Ventures, Investor Shlomo Kramer and Norwest Venture Partners - also participated in the Series B funding, which follows a milestone year of growth for Exabeam. This brings total investments in the company to $35 million.

UBA is a rapidly expanding segment within the security industry and helps organizations detect, prioritize and respond to modern cyber attacks.