Exabeam, a Silicon Valley startup that helps companies automate the analysis and monitoring of their cybersecurity data, has raised $200 million in its latest round of funding.
The funding round was led by the Owl Rock division of Blue Owl Capital, an asset management firm with over $52 billion under management.
“All of those things become blinking engine lights for a security operations center to have to contend with, and the volume of devices that’s coming on in the world…is only making that problem bigger and bigger,” said Michael DeCesare, who officially started as CEO of Exabeam on Tuesday.
“One of the biggest problems you have in security is the lack of talent. You don’t have enough people,” said Exabeam co-founder Nir Polak about why automation of cybersecurity was crucial at a time when the volume of hacking attacks is exploding.