Endpoint detection and response (XDR) company Cybereason announced that it has raised $100 million in funding led by SoftBank to support the company’s growth and advance its innovation in XDR, EDR, and EPP solutions. Cybereason also announced that Eric Gan will serve as the company’s new CEO, subject to confirmation by the company’s board and pending customary regulatory approvals as current CEO and Co-Founder Lior Div will transition to the role of advisor.
As an Executive Vice President of SoftBank, Eric Gan has a long history with Cybereason, starting with SoftBank’s initial investment in Cybereason in 2015. Prior to SoftBank, Gan co-founded eAccess, a telecommunications company.
Gan later became an Executive Vice President of SoftBank where he led its Business Development Unit, which formed alliances with overseas companies. Prior to eAccess, Gan was an analyst and managing director for Goldman Sachs.
Cybereason is known for partnering with Defenders to end attacks at the endpoint, in the cloud, and across the entire enterprise ecosystem. The company’s AI-driven Cybereason Defense Platform provides predictive prevention, detection, and response that is undefeated against modern ransomware and advanced attack techniques. Plus the Cybereason MalOp instantly delivers context-rich attack intelligence across every affected device, user, and system with unparalleled speed and accuracy.
Cybereason is turning threat data into actionable decisions at the speed of business. And Cybereason is a privately held international company headquartered in Boston with customers in over 40 countries.
KEY QUOTES:
“I have watched Cybereason grow from its earliest stages to a leader in the cyber industry as evidenced by its recent position as a leader in the Gartner Magic Quadrant for EPP and its record-breaking MITRE ATT&CK results. I look forward to supporting Cybereason’s next stage of global growth and scale.”
— Eric Gan
“I am so proud of what we have accomplished at Cybereason and I look forward to being a part of helping the company move to the next level.”
— Lior Div
