Cybereason, an Israeli cybersecurity startup specializing in end-point detection and response to digital security breaches, on Wednesday announced it secured a $100 million funding from Japanese telecommunications firm SoftBank Corp — a subsidiary of SoftBank Group.
SoftBank is Cybereason’s biggest investor and one of its biggest customers and distribution partners.
Following this financing, Cybereason has raised a total of $189 million in funding to-date from SoftBank, Spark Capital, and Lockheed Martin Charles River Ventures (CRV). The companies declined to disclose the valuation.
This new financing solidifies Cybereason as the leading cybersecurity startup changing the status quo in the security industry. The company announced 500 percent growth in revenue and nearly 200 percent growth in employees across the globe last year.
Founded in Israel in 2012 by Yonatan Striem-Amit, Lior Div, and Yossi Naar, the company has offices in Tel Aviv, Tokyo, London and Boston with 300 employees.
Sybereason, developer of the most effective Total Endpoint Protection Platform including EDR & Next-Gen AV. The company’s proprietary, automated SaaS cybersecurity technology, and advanced, monitoring services have protected hundreds of Fortune 1000 companies from highly advanced attacks including, most recently, the global WannaCry Ransomware attack.
Cybereason’s co-founder, and CEO, Lior Div, said: “We are thrilled with our incredible growth but we are never satisfied because hackers still have a big advantage over the vast majority of corporations. This new funding allows us to increase our growth through new distribution channels and to develop new technologies. Our strengthened partnership with SoftBank, which has a formidable sales force and enterprise customer base in Japan and a global reach, will also enable us to further expand our presence in the cybersecurity market.”
“Software is the most powerful force in today’s connected world. People can use its power for good or evil, and the mission of Cybereason is to stop the adversary from gaining an unfair advantage by giving our customers the upper hand,” added Div.
“Cybereason’s products are truly amazing. SoftBank tested a number of cybersecurity products from all over the world, but Cybereason’s products are by far better than those of their competitors. We strongly believe Cybereason will be one of the global leaders in cybersecurity,” said Ken Miyauchi, President, and CEO, SoftBank Corp.