California-based security intelligence platform Exabeam announced that it has closed $50 million Series D funding.
The round, backed entirely by existing investors, was led by Lightspeed Venture Partners and supported by Aspect Ventures, Cisco Investments, Icon Ventures, Norwest Venture Partners and cybersecurity investor Shlomo Kramer.
The funds will be used to grow the company’s cloud portfolio, as well as sales and channels to expedite global expansion.
The company is on track to more than double its market size in 2018.