Cybereason raises $200m to disrupt the EPP market
Funding accelerates market leadership, global growth and disruptive innovation.
Cybereason, creator of the leading cyber defence platform, today announced a series of investments and commitments totalling $200 million by SoftBank Group Corporation and its affiliates. Total invested and committed capital to date for Cybereason is now approximately $400 million. Cybereason has previously raised capital from CRV, Spark Capital and Lockheed Martin since its founding in 2012.
Cybereason is among the fastest growing cyber security companies in the world, with distribution in all major global markets. Over the past two years, Cybereason’s customer base has increased by more than 300%, with over six million endpoints under protection. Cybereason has 500 employees, is headquartered in Boston and has offices in Tel Aviv, Tokyo, London and Sydney, and additional presence on all continents.
“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,” said Lior Div, CEO and Co-founder of Cybereason. “We help all security teams prevent more attacks, sooner, in ways that enable understanding and taking decisive action faster.”
Cybereason’s cloud-based, revolutionary EPP platform delivers superior security results while achieving an industry leading ratio of one analyst to 150 000 endpoints as compared to the industry benchmark of one analyst to 20 000 endpoints.
“Cybereason plays a leading role in helping companies manage cyber security risk and protect people’s information,” said Marcelo Claure, Chief Operating Officer at SoftBank Group. “AI-driven technology from Cybereason is helping secure our increasingly connected world.”
Cybereason will ramp up operations with the additional capital, focusing on global growth in all geographies and will aggressively expand and grow its partner programme while continuing to innovate its core EPP offering. Cybereason will also build the world’s first full stack offering for truly Autonomous Security.
“Autonomous security will democratise and transform the cyber security profession. Creating such automation in security requires fusion of multiple data sources, business context, machine learning and big data analytics,” said Yonatan Striem-Amit, CTO and Co-founder, Cybereason.
“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. This is a big data problem that all security operations centres run into and Cybereason will solve with machine learning and AI,” added Striem-Amit.
Cybereason most recently uncovered Operation Soft Cell, the largest nation-state cyber espionage attack on telecommunications companies. This global attack targeted multiple telcos across the world and illustrated the risk faced by all critical infrastructure industries. Cybereason’s technology platform and its ability to execute historical threat hunting with its Replay product was key in stopping this attack.
Cybereason’s unique behaviour-based, analytic-led Cyber Defense Platform detected what was previously undetectable. Recent corporate proof-points also include excelling in the MITRE ATT&CK Evaluations.
As a final note, Cybereason will increase investment in its core organic R&D, will continue to develop strategic partnership integrations and will evaluate inorganic acquisition opportunities.