Cybereason, a Boston, MA-based cybersecurity software company that provides endpoint protection for enterprises, announced that it raised $100 million in funding.
The round was led by SoftBank Corp. to support the company’s global growth and advance its innovation in XDR, EDR, and EPP solutions.
In addition, Cybereason announced that Eric Gan will serve as the company’s new CEO, subject to confirmation by the company’s board and pending customary regulatory approvals, while current CEO and Co-Founder Lior Div will transition to the role of advisor.
“I have watched Cybereason grow from its earliest stages to a leader in the cyber industry as evidenced by its recent position as a leader in the Gartner Magic Quadrant for EPP and its record-breaking MITRE ATT&CK results. I look forward to supporting Cybereason’s next stage of global growth and scale,” said Gan.
Cybereason provides an automated EDR platform that identifies elements of cyber attacks for effective response in real time. The company’s platform detects signature-based and non-signature-based attacks and accelerates incident investigation and response, connecting individual pieces of evidence to form a complete picture of a malicious operation.
Company: Cybereason, Inc.
Funding Month: April 2023
Lead Investors: SoftBank Corp.
Company Website: https://www.cybereason.com/
Software Category: Endpoint Detection & Response (EDR) Software
About the Company: Founded in 2012, Cybereason is the XDR company, partnering with Defenders to end attacks at the endpoint, in the cloud, and across the entire enterprise ecosystem. The AI-driven Cybereason Defense Platform provides predictive prevention, detection, and response that is undefeated against modern ransomware and advanced attack techniques. The Cybereason MalOp™ instantly delivers context-rich attack intelligence across every affected device, user, and system with unparalleled speed and accuracy. Cybereason turns threat data into actionable decisions at the speed of business. Cybereason is a privately held international company headquartered in Boston with customers in more than 40 countries.