Overview
Exabeam is a global cybersecurity leader specializing in AI-driven security operations. The company offers a comprehensive suite of products and services designed to enhance threat detection, investigation, and response (TDIR). Key aspects of Exabeam include:
AI-Driven Security Operations
Exabeam integrates AI and machine learning into its security operations platform, delivering advanced behavioral analytics on top of traditional security information and event management (SIEM) capabilities. This approach helps detect anomalies and suspicious activities by learning normal behavior patterns within an organization.
Exabeam Security Operations Platform
The cloud-native and scalable platform provides advanced capabilities for log management, SIEM, and TDIR. Key features include:
- Over 200 prepackaged correlation rules and a rule builder
- Collectors that gather data from various sources
- Log Stream for rapid log processing with over 10,000 pre-built parsers
- Outcomes Navigator for actionable security coverage recommendations
- Automation Management with no-code playbooks
- Threat Center, a unified workbench for threat detection and response
Advanced Analytics and Automation
Exabeam automates every step in the TDIR workflow, from data collection to the final stages of investigation. This automation enables security analysts of all skill levels to conduct comprehensive investigations efficiently. The platform uses generative AI to provide event context and accelerate investigations.
Integrated Threat Intelligence
The solutions include integrated threat intelligence, improving the fidelity of detections by adding context to correlation rules. This integration helps in more accurate and efficient threat management.
Scalability and Flexibility
The platform is designed to handle large volumes of data, offering limitless scale to ingest, parse, store, search, and report on petabytes of data. It also provides flexible deployment options to suit various organizational needs.
User-Friendly Interface
Exabeam's interface is designed to be user-friendly, allowing both new and experienced analysts to easily navigate and manage the platform. Features like customizable dashboards and fast, scalable searches across hot and cold data enhance usability and efficiency. Overall, Exabeam's solutions aim to break the cycle of constant recovery by providing innovative, AI-driven security operations that empower organizations to detect, defend against, and defeat cyber threats effectively.
Leadership Team
Exabeam's leadership team comprises experienced professionals driving the company's strategic direction and innovation in cybersecurity solutions. Key members include:
Chief Executive Officer
- Chris O'Malley: With over 30 years of executive leadership experience, O'Malley has led software companies from start-ups to large enterprises, previously serving as President and CEO of LogRhythm and Compuware.
Chief Financial Officer
- Mike Byron: Bringing over 20 years of finance and operations experience from high-growth SaaS technology and cybersecurity companies, Byron leads global financial planning and analysis, optimizing processes for growth.
Chief Revenue Officer
- Pete Harteveld: Leading the unified global sales strategy, Harteveld focuses on delivering innovative solutions, enhancing partner engagement, and driving organizational alignment. He has extensive experience in M&A and revenue leadership.
Chief Customer Success Officer
- Kish Dill: Leads the Professional Services, Customer Success, and Renewals teams, with a background in customer success and product leadership from companies like LogRhythm and General Electric.
Chief Product Officer
- Steve Wilson: Responsible for product strategy, management, marketing, and research, Wilson has over 20 years of experience in AI, cybersecurity, and cloud computing.
Chief Marketing Officer
- Joanne Wong: Serves as the Chief Marketing Officer.
Other Key Leaders
- David Rizzo: Chief Development Officer, On-Premises
- Derek Lin: Chief Data Scientist
- Matt Sarafian: Chief People Officer
- Ken Hammond: Vice President, Worldwide Channel Sales
- Joseph Fitzpatrick: Vice President of Product Marketing
- Brian Mory: Vice President, Commercial Sales This diverse leadership team leverages their expertise to drive Exabeam's growth and innovation in the cybersecurity industry.
History
Exabeam, a global cybersecurity leader, has a notable history marked by rapid growth, innovative solutions, and significant milestones:
Founding and Early Years
- Founded in 2013 by Nir Polak, Sylvain Gil, and either Domingo Mihovilovic or Trevor Daughney
- Aimed to revolutionize the Security Information and Event Management (SIEM) industry using AI and machine learning
- Raised $10 million in funding in June 2014
- Secured $25 million in Series B funding in September 2015
Product Innovations
- Introduced Analytics for Ransomware in 2015 for early detection of ransomware infections
- Developed a comprehensive Security Management Platform utilizing machine learning and behavioral analytics
Strategic Growth
- Partnered with Deakin University in May 2019 to develop a cybersecurity degree program
- Acquired Israeli cloud security firm SkyFormation in July 2019
- Joined Snowflake Inc. data services platform in January 2021
Funding and Valuation
- Announced a $200 million Series F funding round in June 2021, reaching a $2.4 billion valuation
- Valuation increased to $2.5 billion by May 2024
Leadership Changes
- Michael DeCesare became CEO in June 2021
- Christopher O'Malley named CEO following merger with LogRhythm in July 2024
Merger with LogRhythm
- Announced planned merger in May 2024
- Finalized in July 2024, operating under the Exabeam name
Cultural Initiatives
- Initiated the ExaGals program to foster a supportive culture for women in technology Exabeam's journey reflects its commitment to innovation, customer success, and addressing the evolving cybersecurity landscape, solidifying its position as a leader in the industry.
Core Technology
Exabeam's core technology is rooted in several key areas that enhance its capabilities as a next-generation Security Information and Event Management (SIEM) platform:
AI-Driven Security Operations
Exabeam integrates machine learning-based AI across its entire Threat Detection, Investigation, and Response (TDIR) workflow, developed over more than a decade.
Behavioral Analytics and UEBA
The platform employs advanced behavioral analytics and User and Entity Behavior Analytics (UEBA) to identify threats. It uses machine learning to analyze user and entity behavior, dynamically group peers and entities, and detect suspicious activities such as lateral movement.
Cloud-Native Architecture
Exabeam operates on a cloud-native architecture, enabling monthly release cycles of new features and updates. This architecture also allows for unlimited log data retention with flat pricing, leveraging modern data lake technology.
Advanced Analytics and Forensic Analysis
The platform offers advanced analytics for threat identification, including forensic analysis. It can group entities to identify suspicious individuals and detect lateral movement, all powered by behavioral analysis based on machine learning.
Data Exploration and Reporting
Exabeam provides context-aware log parsing, rapid and guided search capabilities, and comprehensive compliance reporting. The platform's unlimited log data retention is managed efficiently through modern data lake technology.
Threat Hunting and Incident Response
The platform includes a point-and-click threat hunting interface and automates investigations, containment, and mitigation workflows through security playbooks and SOAR (Security Orchestration, Automation, and Response) capabilities.
Anomaly Detection and Dynamic Risk Scoring
Exabeam's platform learns normal behaviors of users and devices, facilitating anomaly detection. It scores anomalies based on risk, considering rarity and business factors, which drives investigations and proactive threat hunting.
Automation and Prescriptive Workflows
The platform includes prescriptive workflows and pre-packaged content to guide the next right action for successful SOC outcomes. Integrated response automation enhances analyst efficiency and precision, reducing response times. In summary, Exabeam's core technology is designed to streamline security operations, provide more accurate and faster threat detection, and enhance the efficiency of security teams through advanced AI, behavioral analytics, and automation.
Industry Peers
Exabeam operates primarily in two categories within the cybersecurity sector: Threat Detection and Prevention, and Security Information and Event Management (SIEM). Here's an overview of its key industry peers in each category:
Threat Detection and Prevention
Top competitors in this category include:
- Trustwave (18.46% estimated market share)
- Forcepoint Triton APX (11.63% estimated market share)
- DomainTools (8.60% estimated market share)
- Other notable competitors: Crowdstrike, Phoenix Security, Metasploit, Verodin, and Rapid7
Security Information and Event Management (SIEM)
Key competitors in the SIEM space are:
- Splunk (54.13% estimated market share)
- Azure Sentinel (12.45% estimated market share)
- IBM QRadar (9.43% estimated market share)
- Other competitors: LogLogic, Q1 Labs, TIBCO BusinessEvents, LogPoint, and AlienVault OSSIM Exabeam distinguishes itself in these competitive landscapes through its advanced analytics, automation, and orchestration capabilities. Its Exabeam Fusion SIEM product has been recognized as a Leader in the Gartner Magic Quadrant for SIEM multiple times, highlighting the company's strong position in the industry. The cybersecurity market, particularly in the SIEM and Threat Detection sectors, is highly competitive and rapidly evolving. Exabeam's continued focus on AI-driven solutions and cloud-native architecture positions it well among its peers, especially as organizations increasingly prioritize advanced threat detection and response capabilities.