Cybereason Secures $200 Million from SoftBank to Expand Cybersecurity Platform
Boston-based Cybereason raises $200 million in new funding from SoftBank to scale its machine learning endpoint security platform. The company plans to use the capital to boost global marketing and advance autonomous security research.
Cybereason raises $200 million in new financing from SoftBank Group and its affiliates, doubling down on the Japanese firm's previous investments in the Boston-based company. The cybersecurity startup uses machine learning to help single analysts manage a massive network of distributed endpoints. This significant funding round highlights SoftBank's strong belief in Cybereason's approach to enterprise security.
The company's technology processes and analyzes data in real time to detect behavioral anomalies across network nodes. When it flags suspicious activity, the platform provides detailed reporting tools that identify the root cause, timeline, attackers, and compromised data. Currently, Cybereason tracks 6 million endpoints across its global operations with 500 employees spread across offices in Boston, Tel Aviv, Tokyo, and London.
Cybereason plans to use the new capital to accelerate sales and marketing efforts worldwide while pushing its research and development toward more autonomous security operations. The company aims to address the critical global shortage of over three million cybersecurity analysts by automating threat prevention and detection. This expansion solidifies Cybereason's position as a leading endpoint prevention and detection solution in the market.