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 . “This is because we’re listening to our customers and delivering the innovative technologies they need, including, most recently, the ability to detect threats in the cloud.” 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 .
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 .