Connect with us

Hi, what are you looking for?

Jewish Business News

StartUps

Cybereason Looks to $5 Billion NY IPO

Cybereason is an Israeli cybersecurity company, which provides protection against cyberattacks to both governments and businesses alike.

Cybereason

Cybereason co-founders Yonatan Striem Amit (left), Lior Div and Yossi Naar Photo CybereasonCybereason co-founders Yonatan Striem Amit (left), Lior Div and Yossi Naar Photo Cybereason

Cybereason, an Israeli cyber security startup, is reportedly ready to go public and has confidentially filed its paperwork with the SEC. According to Reuters, Cybereason is said to be looking at a $5 billion valuation from an Initial Public Offering IPO on Wall Street. So, another big exit for Israel Startup Nation.

Founded in 2012 in Israel by CEO Lior Div, CTO Yonatan Striem-Amit, and CVO Yossi Naar – all veterans of the IDF’s 8200 intelligence unit, Cybereason is an Israeli cybersecurity company, which provides protection against cyberattacks to both governments and businesses alike. Alphabet Inc’s Google Cloud unit is one of its backers.

Cybereason calls itself the champion for today’s cyber defenders providing future-ready attack protection that “unifies security from the endpoint, to the enterprise, to everywhere the battle moves.” The company boasts that their Cybereason Defense Platform combines the industry’s top-rated detection and response (EDR and XDR), next-gen anti-virus (NGAV), and proactive threat hunting to deliver “context-rich analysis of every element of a Malop (malicious operation).”

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at office@jewishbusinessnews.com.
Thank you.

Just last July, Cybereason (Cyber + Reason) raised $275 million in new financing led by the former US Treasury Secretary Steve Mnuchin and his fund Liberty Strategic Capital. Mnuchin started the fund after he left office. At the time, the investment left the company with a $3.3 billion valuation. The company had already been a unicorn before that, however, having already passed the prestigious billion dollar mark in valuation as a startup.


So why is the company so valuable? Well, cyber security is more important than ever. Hackers are not only motivated by money or politics. They often just like being malicious. So even small companies need to be on their guard and be sure to properly protect their systems. In recent times several different Israeli companies were ransomware attacks by the Black Shadow hackers.

Soon after the Mnuchin money came in, Cybereason put it to good use by buying out fellow Israeli firm empow, a security analytics company based in Tel Aviv. empow says that they deliver an intelligent, patented AI and Natural Language Processing (NLP) solution.

Newsletter



Advertisement

You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

Entertainment

The Movie The Professional is what made Natalie Portman a Lolita.

Travel

After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.