Investments

Cybersecurity Firm Cybereason Snags Another $200M From SoftBank

Cybereason has announced it has received a series of investments and commitments totaling $200 million by SoftBank Group Corp. and its affiliates.

This latest round of funding brings Cybereason’s total amount raised to approximately $400 million, with previous investors including CRV, Spark Capital and Lockheed Martin, according to a press release. The new funding will be used to boost the company’s operations, with a focus on global growth. It also plans to build the world’s first full stack offering for truly autonomous security, as well as increase investment in its core organic R&D.

Founded in 2012, Cybereason boasts distribution in all major global markets. Over the last two years, the company’s customer base has increased by more than 300 percent with over 6 million endpoints under protection. Boston-based Cybereason has 500 employees, with offices in Tel Aviv, Tokyo, London and Sydney, as well as additional presence on all continents.

“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,” said Lior Div, CEO and co-founder of Cybereason, in the release. “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. We help all security teams prevent more attacks, sooner, in ways that enable understanding and taking decisive action faster.”

Cybereason’s cloud-based EPP platform boasts an industry leading ratio of one analyst to 150,000 endpoints as compared to the industry benchmark of one analyst to 20,000 endpoints. The company most recently discovered Operation Soft Cell, the largest nation-state cyber espionage attack on telecommunications companies, with Cybereason’s technology platform and its ability to execute historical threat hunting with its Replay product playing a crucial part in stopping the attack.

“Cybereason plays a leading role in helping companies manage cybersecurity risk and protect people’s information,” said Marcelo Claure, chief operating officer at SoftBank Group. “AI-driven technology from Cybereason is helping secure our increasingly connected world.”

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