SoftBank Corp, a Japanese multinational conglomerate, has led a $100 million funding round for Cybereason, a cybersecurity company that provides advanced threat detection and response solutions. The investment will help Cybereason expand its global reach and accelerate the development of its platform, which uses artificial intelligence and machine learning to detect and respond to cyber threats in real-time.
Cybereason was founded in 2012 by a team of former Israeli military intelligence officers who saw a need for a new approach to cybersecurity. Their platform is designed to detect and respond to advanced threats that traditional security solutions may miss, such as those that use sophisticated techniques like fileless attacks or lateral movement across networks.
The company’s technology is based on a unique approach called “behavioral analysis,” which involves analyzing the behavior of every endpoint on a network to identify anomalies that could indicate a potential threat. This approach allows Cybereason to detect threats that other solutions may miss, and to respond quickly and effectively to minimize damage.
SoftBank’s investment in Cybereason is part of a broader trend of increasing investment in cybersecurity companies. As cyber threats become more sophisticated and frequent, businesses are looking for innovative solutions to protect their data and networks. According to a report by Cybersecurity Ventures, global cybersecurity spending is expected to exceed $1 trillion over the next five years.
SoftBank’s investment is also significant because of the company’s reputation as a major player in the technology industry. SoftBank has invested in a number of high-profile companies, including Uber, WeWork, and Alibaba. Its investment in Cybereason is a vote of confidence in the company’s technology and its potential for growth.
In addition to SoftBank, the funding round included participation from existing investors CRV, Spark Capital, and Lockheed Martin. The funding will be used to expand Cybereason’s global presence, particularly in Europe and Asia, and to invest in research and development to further enhance the platform’s capabilities.
Cybereason’s CEO, Lior Div, said in a statement, “We are thrilled to have SoftBank join us as a partner in our mission to protect the world from cyber attacks. This investment will enable us to accelerate our growth and continue to innovate in the field of cybersecurity.”
Overall, SoftBank’s investment in Cybereason is a positive development for the cybersecurity industry and for businesses that rely on advanced threat detection and response solutions. As cyber threats continue to evolve, companies like Cybereason will play an increasingly important role in protecting sensitive data and networks from attack.
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