Israeli cyber security company Cybereason has raised $100 million in a series D financing round from Japan's SoftBank.
In a blog on the company's website, CEO Lior Div said, "We are thrilled that SoftBank is investing an additional $100 million as they share our bold vision to transform the cybersecurity landscape. We are also grateful to have raised a total of $189 million and to have the confidence of our investors."
He added, "When you have a bold vision, you need people to share it and invest in you, both with time and money. Our customers, partners, employees (by the way, we’re hiring!), and investors believe in our vision and have contributed tremendous time and money. I promise each of you that we will continue to be aggressive and smart, and lean in to this challenge. Together, we are leading the charge to redefine what cybersecurity is and how it works in this new, connected era."
Cybereason's system enables enterprises to reduce substantially the response time required to locate a cyber attack, identifying both known and unknown malicious activity. The company was founded in 2012 by CEO Lior Div, CTO Yonatan Striem-Amit, and CVO Yossi Naar, are all veterans of the IDF's 8200 intelligence unit. With offices in Boston and Tel Aviv, previous investors include CRV, Spark Capital, and Lockheed Martin.
"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’s proprietary, automated SaaS cybersecurity technology and advanced monitoring services have protected hundreds of Fortune 1000 companies from highly advanced attacks including, most recently, the global WannaCry Ransomware attack.
"Software is the most powerful force in today’s connected world. People can use its power for good or evil, and the mission of Cybereason is to stop the adversary from gaining an unfair advantage by giving our customers the upper hand," added Div.
Published by Globes [online], Israel business news - www.globes-online.com - on June 21, 2017
© Copyright of Globes Publisher Itonut (1983) Ltd. 2017