Cybereason, a Boston-based security firm, recently announced that SoftBank Corp. has invested $100 million into the company, bringing their total investment to over $850 million. Founded in 2012, Cybereason focuses on advanced detection and prevention capabilities across enterprise environments, from the endpoint to the cloud. This includes protection from malware, ransomware, advanced persistent threat (APT) actors, and other threats.
The company applies machine learning and behavioral analytics to a collection of threat data and tactics to identify malicious attacks and discover anomalies and risks leading to previously unknown attacks. Through the use of Cybereason MalOp, the company is able to streamline threat intelligence across devices, users, and systems to provide a contextualized view of an attack and improved response time.
The new funding will help the company advance its XDR, EDR, and EPP solutions, as well as support global growth. Additionally, SoftBank’s executive vice president, Eric Gan, will become Cybereason’s new CEO, with Lior Div, Cybereason’s co-founder and current CEO, taking on an advisory role.
The investment of $100 million from SoftBank Corp. into Cybereason is a major step forward for the security firm, and will allow them to further their efforts in the protection of enterprise environments from a variety of threats. The additional funding is also helping the company to expand its XDR, EDR, and EPP solutions globally. Furthermore, the new CEO, Eric Gan, will bring new insight to the company, while Lior Div remains in an advisory role.
In conclusion, Cybereason is in a strong position to protect enterprise environments from a variety of threats as a result of SoftBank’s investment of $100 million. This funding will help the company improve its XDR, EDR, and EPP solutions, as well as support global growth. Additionally, Eric Gan is now the company’s new CEO, while Lior Div remains in an advisory role.
Key Points:
- Cybereason has received $100 million in funding from SoftBank Corp.
- Cybereason provides advanced detection and prevention capabilities across enterprise environments
- The company applies machine learning and behavioral analytics to identify malicious attacks
- The new funding will help the company advance its XDR, EDR, and EPP solutions
- Eric Gan is now the company’s new CEO, while Lior Div remains in an advisory role.