Big Data Security Analytics Company Exabeam Raises $75 Million

San Mateo, California-based big data security analytics company Exabeam announced it has raised $75 million in funding. This round was jointly led by new investor Sapphire Ventures and Lightspeed Venture Partners. Other existing investors also joined this round.With this funding round, Exabeam is going to accelerate worldwide efforts to displace legacy security management vendors. Plus the funds will be used for expanding sales and to expedite new product features and configurations.Over the past year, Exabeam’s market perception moved from a user and entity behavior analytics (UEBA) vendor to a leading SIEM provider. As a result, Exabeam was named as a leader in the 2018 Gartner Magic Quadrant for Security Information and Event Management report. And 76% of Exabeam’s replacement deals eliminated legacy vendors. Plus Exabeam has seen a 72% win rate in replacement deals against legacy rivals.Ever since Exabeam raised its $50 million round in August 2018, the company increased sales of its cloud offerings on the heels of the release of Exabeam SaaS Cloud  which launched and got purchased by its first customer within the first quarter of the year. And the company also expanded its sales team and Technology Alliance Partnership Program  which attracted more than 350 software and services vendors representing integrations with nearly 2,500 unique data sources and APIs.