Cybersecurity startup Exabeam raises $200 million, valued at $2.4 billion

Exabeam CEO Michael DeCesare (L) and chairman and co-founder Nir Polak (R) pose in front of the Exabeam logo in Foster City, California, U.S. in this undated May 2021 handout photograph. Courtesy BIGSHOT PHOTOGRAPHY/Handout via REUTERS.

(Reuters) - Exabeam, a Silicon Valley startup that helps companies automate the analysis and monitoring of their cybersecurity data, on Tuesday said it raised $200 million in its latest round of funding which valued the company at $2.4 billion.

While venture capital investment in cybersecurity has been rising fast over the years, it got an extra boost during the pandemic as remote work created extra challenges.