SAN MATEO, Calif., Sept. 13, 2018 – Exabeam, the next-gen security information and event management company, has been named to the Forbes 2018 Cloud 100, the definitive list of the top 100 privately-held cloud companies in the world, published by Forbes in collaboration with Bessemer Venture Partners and Salesforce Ventures.
Exabeam is a hot new company in the cybersecurity market—and it is aggressively growing. After just five years in business, it is already claiming a significant piece of the security information and event management (SIEM) market. It has seen 250 percent market growth in 2017 and 300 percent growth in 2016 and is on track to more than double its market size in 2018.
The Forbes 2018 Cloud 100 inclusion comes shortly after Exabeam placed No. 12 overall and No. 1 in Security in this year’s Inc. 5000. It also closed $50 million in Series D funding last month, which will be used to grow the company’s cloud portfolio, as well as sales and channels to expedite global expansion.
“It’s an honor to be recognized by Forbes as one of the top 100 privately-held cloud companies in the world,” said Nir Polak, CEO, Exabeam. “The cloud revolution and recent expansion of our cloud service offerings have been vital to Exabeam’s success in keeping our customers happy, secure and up-to-date with the latest technology trends. The recognition of the Cloud 100 validates that we’re moving in the right direction, and we’re excited to see where these cloud leaders go in the future.”
As part of the rigorous selection process for the Forbes 2018 Cloud 100, Bessemer Venture Partners received submissions from the top cloud startups. The Forbes Cloud 100 judging panel, including top public cloud company CEOs, reviewed the data to select, score and rank the top 100 cloud companies from all over the world. The evaluation process involved four factors: market leadership (35%), estimated valuation (30%), operating metrics (20%), and people & culture (15%).
“For the past three years, the Cloud 100 list has identified the top cloud companies that are reshaping their respective industries,” said Alex Konrad, Forbes editor of The Cloud 100. “I am consistently impressed by the caliber of companies honored on the Cloud 100 list. It is an exciting time to be a cloud company and founder.”
“All of the 25 cloud IPOs and major cloud acquisitions over the past three years have been prior members of the Cloud 100, and we absolutely expect that the dominant public cloud companies of the future will also come from this list,” said Byron Deeter, a top cloud investor and partner at Bessemer Venture Partners. “The 2018 Cloud 100 represents well over $135B in private shareholder value–an astonishing figure that reminds us yet again of the power of the cloud. The way we do business will be dramatically different as a result of these companies, and I am honored to celebrate the remarkable accomplishments of the founders and teams behind each company on the 2018 Cloud 100.”
“The business opportunity for cloud companies is tremendous today as capital investment, customer demand and rate of adoption continues to grow,” said Matt Garratt, managing partner, Salesforce Ventures. “We’re excited to see the potential of these companies and look forward to seeing what innovative technology they deliver around the world.”
The Forbes 2018 Cloud 100 and 20 Rising Stars lists are published online at www.forbes.com/cloud100 and will appear in the September 2018 issue of Forbes magazine.
Exabeam delivers next-generation security management technology that enables organizations to protect their most valuable information. The Exabeam Security Management Platform combines unlimited log data collection, advanced behavioral analytics, and automated incident response, all supported by Exabeam’s patented Smart Timeline technology that uses machine learning to track identity and behavior over time. The company’s recent industry accolades include Forbes Cloud 100, Inc. 500, and SC Awards Europe, among many other distinctions. Exabeam is privately funded by Aspect Ventures, Cisco Investments, Icon Ventures, Lightspeed Venture Partners, Norwest Venture Partners and well-known security investor Shlomo Kramer. For more information, visit https://www.exabeam.com or follow us on Twitter @exabeam.
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