Cybereason Receives $275M in Crossover Financing

Cybereason, a Boston, MA-based operation-centric cyber attack protection company, secured $275m in crossover financing.

The round led by Liberty Strategic Capital, with participation from Irving Investors, certain funds advised by Neuberger Berman Investment Advisers LLC, and Softbank Vision Fund 2. In connection with Liberty’s investment in Cybereason, Secretary Mnuchin will join the Cybereason Board of Directors, and Liberty’s Senior Advisor, General Joseph F. Dunford (Ret.), will join Cybereason’s Advisory Board.

The company intends to use the funds to continue to accelerate the growth driven by demand for its AI-powered platform.

Led by Lior Div, CEO and co-founder, Cybereason provides a future-ready attack protection platform that unifies security from the endpoint, to the enterprise, to everywhere the battle moves. The Cybereason Defense Platform combines detection and response (EDR and XDR), next-gen antivirus (NGAV), and proactive threat hunting to deliver context-rich analysis of every element of a Malop (malicious operation). In this way, defenders can end cyber attacks from endpoints to everywhere.

The company serves customers across 40 countries.

FinSMEs

15/07/2021