Cybereason Raises $200 Million from SoftBank

Source: Cybereason

Israeli cybersecurity company Cybereason has raised $200 million in new financing from SoftBank Group and its affiliates, bringing the startup’s total raised capital to date to $400 million. Cybereason has previously raised capital from CRV, Spark Capital, and Lockheed Martin since its founding in 2012.

With the additional capital, Cybereason plans to accelerate R&D, pursue acquisition opportunities and strategic product integrations, and ramp up operations. It also plans to expand its partner program while continuing to build out its endpoint protection platform (EPP) offering.

“Cybereason’s big data analytics approach to mitigating cyber risk has fueled explosive expansion at the leading edge of the EDR domain, disrupting the EPP market. We are leading the wave, becoming the world’s most reliable and effective endpoint prevention and detection solution because of our technology, our people and our partners,” said Lior Div, CEO and Co-founder of Cybereason. “We help all security teams prevent more attacks, sooner, in ways that enable understanding and taking decisive action faster.”

The company did not disclose a valuation for the funding round, but a source close to the company told Israel’s Globes financial newspaper that the round was at a valuation of over $1.5 billion.

In June, Cybereason uncovered what it called the largest nation-state cyber espionage attack on a dozen global telecommunications providers.

 

[Sources: VentureBeat, Globes]