Cybereason today announced it secured $275 million in a Series F crossover funding round.
Liberty Strategic Capital led the financing, alongside Irving Investors, certain funds advised by Neuberger Berman Investment Advisers LLC, and Softbank Vision Fund 2.
Cybereason offers the Cybereason Defense Platform which combines detection and response (EDR and XDR), next-gen antivirus (NGAV), and proactive threat hunting. It works to deliver context-rich analysis of every element of a malicious operation.
According to a press release, Cybereason pledges to use the funding to “continue to fuel the company’s hypergrowth driven by strong market demand for its AI-powered Cybereason Defense Platform.” Additionally, it will work to provide fully contextualized malicious operations and more sophisticated ransomware protections. In a previous funding round, Cybereason raised $389 million from Softbank Group, CRV, Spark Capital and Lockheed Martin.
Lior Div, CEO and co-founder of Cybereason, gave a statement with the announcement of the funding round. “Over the past year, we’ve experienced hypergrowth across the globe as defenders recognize that ending advanced attacks isn’t possible using solutions that rely on meaningless alerts and human intervention.”
“Existing – even ‘next-gen’ – solutions are fundamentally flawed, creating the dynamic we have today where the defender is constantly struggling to keep pace with attackers. Unlike our prolific alert-generating competitors, Cybereason takes an approach that enables defenders to end malicious operations instantly, resulting in the most comprehensive prevention, detection and response solution on the market. This is how we are returning the high ground to the defenders – and we are just getting started.”
Learn more about Cybereason here.
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