Cybereason nets $100m in SoftBank-led investment


Cybereason, a company that focuses on XDR, has scored $100m in an investment headed by SoftBank to support its global growth and advance.

Alongside the funding, Cybereason said that Eric Gan will serve as the company’s new CEO, subject to confirmation by the firm’s board and pending customary regulatory approvals.

Eric Gan has a long history with Cybereason, starting with SoftBank Corp.’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. Before eAccess, Gan was an analyst and managing director for Goldman Sachs.

Gan commented, “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.

Strivacity, a firm aiming to make customer sign-in experiences simple and secure, has scored $20m in new funding.

Strivacity is a cloud-native customer identity and access management vendor for the Fortune 1000 that creates simple, speedy and secure sign-in journeys. This enables customers to engage sooner and allows companies to convert more customer visits into revenue.

Copyright © 2023 FinTech Global

Enjoying the stories?

Subscribe to our daily FinTech newsletter and get the latest industry news & research


The following investor(s) were tagged in this article.