The cybersecurity start - up Exabeam will invest in R&D and expand its sales team , positioning itself as a leader in the security information and event management ( SIEM ) market , after raising $ 75 m in a series E funding round . Exabeam uses machine learning and big data analytics to offer continual monitoring of log data , quickly identifying unusual cyber activity , including cloud - based threats . It aims to supplant rival Splunk and capture a sizeable portion of the SIEM market , set to be worth $ 6.75bn by 2023 .
California cybersecurity start-up Exabeam will invest in R&D and expand its sales team, positioning itself as a leader in the security information and event management (SIEM) sector, after raising $75m in a series E funding round. Exabeam uses machine learning and big data analytics to offer continual monitoring of log data, quickly identifying unusual cyber activity, including cloud-based threats. It aims to supplant rival Splunk and grab a sizeable portion of the SIEM market, set to be worth $6.75bn by 2023.