SoftBank Backs Cybereason With $100M
June 21, 2017
has signed a $100 million investment from SoftBank. 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 capital from SoftBank, CRV,
Spark Capital, and Lockheed Martin since being founded in 2012.
This new financing solidifies Cybereason as the leading
cybersecurity startup changing the status quo in the security
industry, with 500 percent growth in revenue and nearly 200
percent growth in employees across the globe last year.
“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,”
said Lior Div, co-founder and CEO, Cybereason.
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
Cybereason’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.
“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.