The Georgia Department of Economic Development announced this week that Exabeam, the California-based Smarter SIEM ™ company, will establish an East Coast presence in Midtown Atlanta and create 20 new jobs.
“We are excited that Exabeam has chosen to establish an East Coast office in Atlanta,” said Georgia Department of Economic Development Commissioner Pat Wilson. “When innovative companies like Exabeam choose Georgia it bolsters our status as a hub for international cybersecurity companies. Exabeam will have access to a highly sophisticated technology infrastructure, talented workforce and accessibility with regular non-stop flights to their home base.”
Headquartered in San Mateo, California, Exabeam is a cybersecurity leader that uses data science and machine learning to help companies analyze user behavior and pinpoint anomalous malicious activity on the network.
Founded in 2013, Exabeam has experienced significant year-on-year growth and raised a total of $115 million in funding to date. The company recently made Business Insider’s 30 Cybersecurity Startups that Will Blow up in 2019 list, and was ranked No. 12 overall and No. 1 in security on Inc. Magazine’s 37th annual Inc. 5000, as well as No. 8 on the Wall Street Journal’s Tech Companies to Watch in 2018.
The Atlanta office is considered a major strategic step in the company’s expansion plans, with executive leadership drawn to the city’s top universities for prospective hires and burgeoning tech scene. Exabeam currently has 15 employees in metro Atlanta but will consolidate the team to one centralized office in the City of Atlanta, with plans to more than double the size of the team over the next few years.
“Atlanta is a city on the rise—with its diverse population, technological talent, research universities and affordable cost of living. It was the right choice for investment,” said Manish Sarin, Exabeam CFO. “Just last year, Atlanta was declared the third fastest growing city in the U.S., and we are excited to be a part of the technology renaissance happening throughout the region with the opening of our Midtown location.”
“With insider threats increasing and external adversary attacks always evolving, it is critical that Exabeam hires top talent to support our customers’ security operations teams and keep our SIEM technology on the cutting edge. By expanding into Atlanta, we are not only setting up a hub closer to our East Coast and European customers but are gaining access to a diverse, highly-qualified pool of candidates,” said Nir Polak, CEO of Exabeam. “We plan to immediately begin recruitment from the top technology programs and historically black colleges throughout the state. We look forward to building out our latest world-class team in Atlanta.”
Polak and Sarin celebrated with a ribbon cutting event at the Proscenium building in Midtown Atlanta this morning.
“Cybersecurity is one of metro Atlanta’s industry sectors where we’re leading the way with capacity and innovation,” said Hala Moddelmog, president and CEO of the Metro Atlanta Chamber. “Exabeam is a welcome addition to our region’s portfolio of industry-changing companies that are helping to redefine the way businesses protect themselves and their customers in the ever-evolving data-driven market.”
Georgia Department of Economic Development (GDEcD) Senior Project Manager Randall Toussaint represented the Global Commerce Division in partnership with the Metro Atlanta Chamber and Georgia Power.
This is a press release from the Georgia Department of Economic Development.