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Cybereason

Boston-based Cybereason has received another round of funding led by Japanese investment bank Softbank Group along with other affiliates, that amounts to $200 million.

Softbank is the main investor in the cybersecurity company with an investment of $350 mn of the total $400 mn, raised in five rounds since its inception in 2012, according to a report by Globes. The remaining capital was raised from US-based venture capital firms CRV (Charles River Ventures) and Spark Capital, and Lockheed Martin. The Series E round has boosted the company’s valuation to $900 mn, with $389 mn in total equity, according to Forbes.

Over the last two years, Cybereason’s customer base has increased manifold by more than 300 percent with over six million endpoints under protection. Speaking on occasion, Lior Div, CEO and Co-founder, Cybereason said, “Cybereason’s big data analytics approach to mitigating cyber risk has fuelled explosive expansion at the leading edge of the EDR (Endpoint Detection & Response) domain, disrupting the EPP (Endpoint Protection Platform) market.”

“We help all security teams prevent more attacks, sooner, in ways that enable understanding and taking decisive action faster,” he added.

SoftBank Group’s CEO, Marcelo Claure commented, “Cybereason plays a leading role in helping companies manage cybersecurity risk and protect people’s information.”

With the additional capital, Cybereason is expected to ramp up its operations, focusing on global growth while continuing to innovate its core EPP offering. The company also plan to build the world’s first full-stack offering for truly Autonomous Security. The company with 500 employees, is headquartered in Boston and has offices in Tel Aviv, Tokyo, London and Sydney, and additional presence on all continents.

by Sheeba Bhagat Dawar
Market Analyst at IBS Intelligence
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