Exabeam, today announced a $200 million Series F growth round at a valuation of $2.4 billion. The round is led by the Owl Rock division of Blue Owl Capital and supported by existing investors Acrew Capital, Lightspeed Venture Partners and Norwest Venture Partners.

“This funding round gives us the operating capital required to continue executing on our vision to deliver the number one trusted cloud SecOps platform on the market,” said Nir Polak, Chairman of the Board and Co-founder for Exabeam. “It gives us the opportunity to triple down on our R&D efforts and continue engineering the most advanced UEBA, XDR and SIEM cloud security products available today.”

Over the last 12 months, Exabeam has also made significant investments in the Exabeam Partner Program, which now includes more than 400 reseller, distributor, system integrator, MSSP, MDR and consulting partners globally. In addition, driven by its open XDR approach for security teams, the company now has over 500 technology integrations with leading IT and security companies including cloud network, data lake and endpoint vendors such as CrowdStrike, Okta and Snowflake.

“Exabeam is poised to be the next-gen leader in the cloud security analytics, XDR and SIEM markets. We led this round of funding to provide the company with the resources necessary to support its sustainable, long-term growth and value creation,” said Pravin Vazirani, managing director and co-head of tech investing, Blue Owl Capital. “In today’s operating environment, cybersecurity is increasingly recognized as a mission-critical function across industries, and we’re proud to partner with Michael, Nir and the Exabeam team as they seize the opportunity ahead of them, continue to innovate and enable their clients to stay at the forefront in terms of identifying and addressing threats across their technology platforms.”