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SoftBank Invests $100m In Israeli Co Cybereason

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Thursday, June 22nd, 2017

Cybereason’s proprietary, automated SaaS cybersecurity technology and advanced monitoring services have protected hundreds of Fortune 1000 companies.

As reported in Globes:

Israeli cyber security company Cybereason has raised $100 million in a series D financing round from Japan’s SoftBank.

Cybereason’s system enables enterprises to reduce substantially the response time required to locate a cyber attack, identifying both known and unknown malicious activity. The company was founded in 2012 by CEO Lior Div, CTO Yonatan Striem-Amit, and CVO Yossi Naar, are all veterans of the IDF’s 8200 intelligence unit. With offices in Boston and Tel Aviv, previous investors include CRV, Spark Capital, and Lockheed Martin.

“Cybereason’s products are truly amazing. SoftBank tested a number of cybersecurity products from all over the world, but Cybereason’s products are by far better than those of their competitors. We strongly believe Cybereason will be one of the global leaders in cybersecurity,” said Ken Miyauchi, President and CEO, SoftBank Corp.

Cybereason’s proprietary, automated SaaS cybersecurity technology and advanced monitoring services have protected hundreds of Fortune 1000 companies from highly advanced attacks including, most recently, the global WannaCry Ransomware attack.

“Software is the most powerful force in today’s connected world. People can use its power for good or evil, and the mission of Cybereason is to stop the adversary from gaining an unfair advantage by giving our customers the upper hand,” added Div.

Cybereason’s solutions have helped individuals and businesses avoid massive ransomware attacks, including the most recent attack WannaCry, which last month wreaked havoc on over 300,000 computers.

Australia’s Assistant Minister for cyber-security, Dan Tehan, stated earlier in 2017 that by conservative estimates, ransomware costs the Australian economy $1 billion a year.