Israeli cyber security company Cybereason has raised $25 million in a series B financing round. The funding was led by Spark Capital and included a $10 million strategic investment by defense manufacturer Lockheed Martin, which will use Cybereason's threat detection tools. Cybereason has raised $30 million to date, having raised $4.6 million in its Series A financing round in February 2014.
Headquartered in Boston and with development offices in Tel aviv, Cybereason was founded in 2012 by CEO Lior Div, a veteran of the IDF 8200 Intelligence Corps, CTO Yonatan Striem-Amit, and chief vision officer Yossi Naar.
Cybereason’s platform discerns anomalies and distinguishes between the benign and the pernicious. The system collects specific information and combines analysis of big data algorithms along with proprietary knowledge enriched with external databases and intelligence. The platform has been deployed in several early access sites in the US and Israel, successfully identifying the most advanced and targeted attacks, such as Flame, Doqu and Stuxnet; reconstructing their impact, spread and behavior; and enabling the shutdown of malops.
Lockheed Martin director of commercial cyber services Rick Mahler said, “The Cybereason platform is an outstanding complement to the tradecraft and technologies Lockheed Martin uses every day to defend our network and our clients. Its real-time detection and attack tracing capabilities enable us to effectively leverage threat intelligence and provide our government and commercial customers with a calculated, strategic approach to cyber defense. In addition to deploying Cybereason internally and partnering with it, we also participated in this latest round as a strategic investor.”
Published by Globes [online], Israel business news - www.globes-online.com - on May 6, 2015
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