22 June 2017, India:
Boston-based cyber security firm Cybereason has raised $100 million in the latest round of funding from the Japanese conglomerate SoftBank Corp- a subsidiary of SoftBank Group.
SoftBank is Cybereason’s biggest investor and one of its biggest customers and distribution partners. Following this financing, Cybereason has raised a total of $189 million in capital from SoftBank, CRV, Spark Capital, and Lockheed Martin since being founded in 2012.
“We are thrilled with our incredible growth but we are never satisfied because hackers still have a big advantage over the vast majority of corporations. This new funding allows us to increase our growth through new distribution channels and to develop new technologies. Our strengthened partnership with SoftBank, which has a formidable sales force and enterprise customer base in Japan and a global reach, will also enable us to further expand our presence in the cybersecurity market,” said Lior Div, co-founder and CEO, Cybereason.
“Cybereason’s products are truly amazing. SoftBank tested a number of cybersecurity products from all over the world, but Cybereason’s products are by far better than those of their competitors. We strongly believe Cybereason will be one of the global leaders in cybersecurity,” said Ken Miyauchi, President and CEO, SoftBank Corp.
Cybereason is one of the top firms in endpoint protection, offering endpoint detection and response, next-generation antivirus, and managed monitoring services. Founded by elite intelligence professionals born and bred in offense-first hunting, Cybereason gives enterprises the upper hand over cyber adversaries.