If you’ve been keeping up with the news, corporate security breaches are kind of a thing lately.
Thus, it’s no surprise that Cybereason, a cybersecurity firm that specializes in thwarting major corporate cyber attacks, has garnered some major interest from companies looking to protect their data from malicious hackers.
Cybereason just completed a $59 million Series C round led by SoftBank Corp. This is just the company’s latest capital grab after raising a $25 million Series B only four months ago. The company has raised $88.6 million to date.
With a scorecard of high-profile investors including Lockheed Martin and, now SoftBank, it’s apparent that the company is garnering some major enthusiasm behind its real-time threat-detection technologies.
“SoftBank works to obtain cutting edge technology and outstanding business models to lead the Information Revolution. Our deployment of the Cybereason platform internally gave us firsthand knowledge of the value it provides, and led to our decision to invest,” SoftBank Corp. President Ken Miyauchi said in a statement.
The SoftBank investment signifies a major markets expansion for the company, which grew out of Tel Aviv, founded by members of an elite Israeli intelligence agency cyber security unit, and is now headquartered in Boston. The terms of this deal stipulate that Cybereason will be releasing a joint product with SoftBank for Japanese enterprises.
Cybereason CEO Lior Div detailed in a release that this partnership with SoftBank will allow his company to “maintain our agility and focus on innovation while leveraging the credibility, resources and experience that only industry giants bring to the table.”