Israeli firm Cybereason raises $200m from Japan's Softbank

Marco Green
August 8, 2019

Lior Div, chief executive of U.S.

US-Israeli cybersecurity firm Cybereason, which uses behavioral analytics to discover threats, has raised a massive $200 million from Japanese giant SoftBank Corp and its affiliates, bringing the total amount of funds raised by the startup to date to $400 million, the company said Tuesday. The firm also has offices in Tel Aviv, Tokyo, London, Sydney, Asia-Pacific and continental Europe.

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Cybereason previously raised capital from CRV, Spark Capital and Lockheed Martin since its founding in 2012.

Cybereason, a Boston, MA-based cyber defense platform provider, raised $200m in funding.

Over the last two years, Cybereason's customer base has increased by more than 300 percent, protecting over 6 million points, the company said in a statement.

A string of cyber attacks and data breaches at major corporations has helped cyber security companies sell more of their products.

Cybereason will ramp up operations with the additional capital, focusing on global growth in all geographies and will aggressively expand and grow its partner programme while continuing to innovate its core EPP offering. "AI-driven technology like Cybereason's is helping secure our increasingly connected world".

In late June, Cybereason announced that it uncovered a massive hacking operation that involved almost a dozen global telecom companies and huge amounts of stolen personal data from individuals across multiple continents as part of an alleged spying operation with possible links to China. The attackers compromised companies in more than 30 countries, Cybereason said.

Other reports by Click Lancashire

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