Cyber Defense Platform Creator Cybereason Raises $200 Million

By Amit Chowdhry ● August 11, 2019
  • Cybereason — the creators of the leading Cyber Defense Platform — announced it raised $200 million by SoftBank Group and its affiliates

Cybereason — the creators of the leading Cyber Defense Platform — recently announced a series of investments and commitments totaling $200 million by SoftBank Group and its affiliates. The total invested and committed capital date for Cybereason is now approximately $400 million. And Cybereason previously raised funding from CRV, Spark Capital, and Lockheed Martin since launching in 2012.

Currently, Cybereason has 500 employees and the company is headquartered in Boston and it has offices in Tel Aviv, Tokyo, London, and Sydney.

“Cybereason’s big data analytics approach to mitigating cyber risk has fueled explosive expansion at the leading edge of the EDR domain, disrupting the EPP market. We are leading the wave, becoming the world’s most reliable and effective endpoint prevention and detection solution because of our technology, our people and our partners,” said Lior Div — the CEO and co-founder of Cybereason. “We help all security teams prevent more attacks, sooner, in ways that enable understanding and taking decisive action faster.”

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Cybereason is considered one of the fastest-growing cybersecurity companies in the world with distribution in all major global markets. And over the last couple of years, Cybereason’s customer base has increased by more than 300% with over six million endpoints under protection.

“Cybereason plays a leading role in helping companies manage cybersecurity risk and protect people’s information,” added SoftBank Group chief operating officer Marcelo Claure. “AI-driven technology from Cybereason is helping secure our increasingly connected world.”

Cybereason’s cloud-based and revolutionary endpoint protection platform (EPP) delivers superior security results while achieving an industry-leading ratio of 1 analyst to 150,000 endpoints compared to the industry benchmark of 1 analyst to 20,000 endpoints.

With this round of funding, Cybereason will ramp up operations and focus on global growth in all geographies. Plus the company will aggressively expand and grow its partner program while continuing to innovate its core EPP offering. And Cybereason will also build the world’s first full-stack offering for truly Autonomous Security. Cybereason will also increase investment in its core organic R&D and will continue to develop strategic partnership integrations along with evaluating inorganic acquisition opportunities.

“Autonomous security will democratize and transform the cybersecurity profession. Creating such automation in security requires fusion of multiple data sources, business context, machine learning, and big data analytics,” explained Cybereason CTO and co-founder Yonatan Striem-Amit. “Today, there is a shortage of more than three million cyber analysts. Cybereason’s Autonomous Security approach will elevate the analysts to spend time on higher-value tasks. This is a big data problem that all security operations centers run into and Cybereason will solve with machine learning and AI.”

Recently, Cybereason uncovered Operation Soft Cell — which is the largest nation-state cyber-espionage attack on telecommunications companies. This global attack had targeted multiple telcos around the world and illustrated the risk faced by all critical infrastructure industries. Fortunately, Cybereason’s technology platform and its ability to execute historical threat hunting with its Replay product were essential in stopping this attack:

Cybereason’s unique behavior-based and analytic-led Cyber Defense Platform detected what was previously undetectable. And recent corporate proof-points also include excelling in the MITRE ATT&CK Evaluations.