Cybereason, a leading global cybersecurity company, announced a $120 million investment led by SoftBank Corp., SoftBank Vision Fund 2, and Liberty Strategic Capital to advance the company’s global growth fueled by its endpoint detection and response (EDR) solutions and its consulting services, enhanced by a strategic partnership with Trustwave. Manish Narula will serve as the company’s new CEO.
Cybereason secured an additional $120 million in funding from key investors, including SoftBank Corp., SoftBank Vision Fund 2, and Liberty Capital. And other current investors will have the opportunity to participate in the funding round.
This funding reflects strong confidence in Cybereason’s industry-leading EDR technology and its ability to combat sophisticated cyber threats. And it ensures the company remains a long-term, trusted cybersecurity partner for enterprises worldwide, while reinforcing its commitment to delivering exceptional customer service to meet the evolving needs of its clients.
Manish Narula was appointed as the new CEO, effective immediately. Narula, along with Puff, will leverage the executive team’s extensive leadership, financial, and operational experience and position Cybereason for success in its new chapter.
With this funding and to support Cybereason’s renewed focus on its core EDR and consulting services, the company decided to pursue expansion of our strategic relationship with Trustwave, a leader in managed security services, rather than complete the previously announced intent to merge.
KEY QUOTES:
“We are thrilled to have key investors SoftBank Corp., SoftBank Vision Fund 2 and Liberty Strategic Capital leading this investment round. This funding is a testament to the strength of our technology, and the trust our partners place in Cybereason. With this capital infusion, Cybereason’s Chief Administrative Officer and General Counsel, Gregory Puff, along with the entire Cybereason team, will continue to push the boundaries of innovation in cybersecurity technology and services, expanding our reach in critical markets.”
– Manish Narula, CEO of Cybereason
