Security intelligence and management solutions startup Exabeam Inc. today said it has raised $75 million in new funding to expand sales reach and expedite new product features and configurations.

The Series E round was led by Sapphire Ventures and Lightspeed Venture Partners with other existing investors also participating.

Founded in 2013, Exabeam provides security intelligence and management solutions. The company’s Security Intelligence Platform uses machine learning to deliver advanced analytics and automated incident responses while offering set pricing for unlimited data. According to Exabeam, others in the market offer their services based on data volume.

In using big-data data security analytics, Exabeam said, its platform allows information technology security teams to detect and respond to cyberattacks and insider threats in real time. It does so by unlocking the potential of existing security information and event management, known as SIEM, and log management data repositories.

Since last raising $50 million in August, Exabeam has continued to grow, with increased sales of its cloud offerings such as its SaaS Cloud launched in the first quarter. Notable customers include Automatic Data Processing Inc. Hulu LLC, Safeway Inc. and MFG Union Bank N.A.

“Over the last year, we’ve seen our strategic value increase, and our average deal size has grown by 100 percent from just two years ago,” Chief Executive Officer Nir Polak said in a statement. “With the win rates we’re seeing and market opportunity in replacement business, we’re raising money to accelerate our go-to-market and enhance our products.”

Including the new funding, Exabeam has raised $190 million to date. Previous investors include Aspect Ventures, Cisco Investments, Icon Ventures and Norwest Venture Partners.

Image: Exabeam