Cybersecurity startup Cybereason pulls in a fresh $100M in funding

by Justine Hofherr
June 21, 2017


Boston-based cybersecurity startup Cybereason announced a fresh $100 million in funding Wednesday, led by repeat investor SoftBank.

The Series D round was nearly double the $59 million Series C round the Japanese multinational telecommunications company led back in the fall of 2015.

“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,” Lior Div, co-founder and CEO of Cybereason, said in a statement.  

The company’s latest round comes after Cybereason increased annual revenue by 500 percent last year and grew its workforce by 200 percent to nearly 300 employees.

The new funding will be used to increase Cybereason’s growth through new distribution channels and to develop new technologies, Div said, adding that the strengthened SoftBank partnership will also help the company expand their global presence in the cybersecurity market.

Cybereason’s proprietary automated SaaS cybersecurity technology and advanced monitoring services are currently used by hundreds of Fortune 1000 companies protecting themselves from highly advanced attacks, including the global WannaCry ransomware attack.

Cybereason has now raised a total of $189 million in capital from SoftBank, CRV, Spark Capital and Lockheed Martin.

“Software is the most powerful force in today’s connected world,” Div said. “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.”


Photos via Built In

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