Softbank Invests Additional $200 Million in Cybereason
The Japanese telecommunication corporation has now invested more than $350 million in the Israeli cyber company
Japan’s Softbank Corporation has invested $200 million in Boston-headquartered cybersecurity company Cybereason Inc. as part of a series E round in which the Japanese telecommunication corporation was the sole participant. Cybereason announced the round Tuesday. Softbank has now invested more than $350 million in the company. The new round brings Cybereason’s total funding raised to date to $400 million.
In a phone call with Calcalist Monday, Cybereason’s co-founder and CEO Lior Div declined to comment on the company’s valuation, but did state that Softbank does not own a controlling share in the company.
Established in 2012 by Israeli military intelligence veterans, Cybereason specializes in endpoint detection and response software. Cybereason’s software collects and analyzes data about programs running on the computer network in organizations, files accessed by users, and even keystrokes and mouse movements to detect hackers operating on the network. The company employs a team of around 500 people, 200 of which are in Tel Aviv, the company said.
Cybereason CEO Lior Div. Photo: Amit Sha'al