SIEM, Security Strategy, Plan, Budget, Content, Security Program Controls/Technologies

Exabeam Launches New-Scale SIEM for Security Operations

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Exabeam, a security information and event management (SIEM) company, has released the New-Scale SIEM portfolio of products to help global security teams "detect the undetectable," according to a prepared statement.

New-Scale SIEM offers:

  • Behavioral Analytics provides insights into the normal behavior of end-users and devices to detect and prioritize anomalies based on risk.
  • Security Log Management offers a data lake that lets users ingest, parse, store and search security data.
  • Threat Detection, Investigation and Response (TDIR) delivers an automated TDIR  workflow.

In addition, New-Scale SIEM was architected on Google Cloud, Exabeam said. It is built on the Exabeam Security Operations Platform and lets security teams apply the platform's behavioral models and anomaly detection rules to baseline behaviors across their organizations' users and devices.

New-Scale SIEM is generally available. Security teams can use New-Scale SIEM on its own or in conjunction with their existing security products.

Exabeam, Google Cloud Partner

The New-Scale SIEM release comes after Exabeam and Google Cloud announced a partnership in June 2022. Together, Exabeam and Google Cloud intend to "create hyperscale cloud-native SIEM and cybersecurity analytics offerings," the companies said.

Previously, Exabeam in September 2021 added its Fusion SIEM and Fusion XDR (extended detection and response) solutions to the Google Cloud Marketplace. In doing so, Exabeam enables Google Cloud customers to use its security products to guard against cyber threats, the company stated.

Exabeam: IPO Ambitions Delayed?

Among the question marks facing Exabeam:

Will the company pursue a potential IPO (initial public offering)? Exabeam in mid-2021 raised $200 million in Series F funding and hired CEO Michael DeCesare around the same time. DeCesare arrived with previous IPO experience from his time at ForeScout Technologies. The mid-2021 funding round valued Exabeam at $2.4 billion. Fast forward to October 2022, and IPO windows on Wall Street generally remain closed because of rising interest rates, high inflation and continued turbulence across financial markets.

Meanwhile, we don’t know Exabeam’s valuation as of October 2022, nor do we know the company’s monthly cash burn rate.

Additional insights from Joe Panettieri.

Dan Kobialka

Dan Kobialka is senior contributing editor, MSSP Alert and ChannelE2E. He covers IT security, IT service provider business strategies and partner programs. Dan holds a M.A. in Print and Multimedia Journalism from Emerson College and a B.A. in English from Bridgewater State University. In his free time, Dan enjoys jogging, traveling, playing sports, touring breweries and watching football.