Cybereason bags $200m in funding from Softbank

Cyber defence platform Cybereason has closed a series of investments and commitments from SoftBank Group which total $200m.

Following the close of the deal, Cybereason has raised a total of $400m since it was founded in 2012. Previous backers include CRV, Spark Capital and Lockheed Martin.

Cybereason hopes to use the funds to move into new geographies, aggressively expand, grow its partner program, and buildout its offering.

Capital from the round will be used to increase investment into its core organic R&D, and will develop strategic partnership integrations, and explore acquisition opportunities.

Boston-headquartered Cybereason provides businesses with endpoint detection and response, anti-virus software, and active monitoring. Its services include active monitoring and hunting, incident response, assistance, advanced analytics, technical account management, and cyber posture assessment.

Cybereason CEO and co-founder Lior Div said, “Cybereason’s big data analytics approach to mitigating cyber risk has fuelled 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.

“We help all security teams prevent more attacks, sooner, in ways that enable understanding and taking decisive action faster.”

Earlier in the year, Softbank co-led the $50m equity round of identity verification platform Onfido, to support the RegTech’s international expansion efforts.

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