Cybereason raises $200m for market disruption
Written by Peter Walker
Cybereason has announced a series of investments and commitments totalling $200 million by SoftBank Group and its affiliates.
This raises the total invested and committed capital to date for Cybereason is now approximately $400 million, with capital previously raised from CRV, Spark Capital and Lockheed Martin since founding in 2012.
The cyber security specialist now counts over six million endpoints under protection, with 500 employees across its Boston headquarters and offices in Tel Aviv, Tokyo, London and Sydney.
Cybereason will ramp up operations with the additional capital, focusing on growth in all geographies, alongside plans to “aggressively expand and grow” its partner program. The company will increase investment in its core organic research and development, will continue to develop strategic partnership integrations and will evaluate inorganic acquisition opportunities.
It also pledged to build the world’s first full stack cyber security offering.
“Cybereason’s big data analytics approach to mitigating cyber risk has fueled explosive expansion at the leading edge of the EDR [Endpoint Detection and Response] domain, disrupting the EPP [Endpoint Protection Platform] market,” commented chief executive and co-founder Lior Div.
Cybereason’s cloud-based EPP platform claims an industry leading ratio of one analyst to every 150,000 endpoints, compared to the industry benchmark of one analyst to 20,000 endpoints.
Yonatan Striem-Amit, co-founder and chief technology officer, added: “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.”