Cybereason, the specialist in operation-centric cyber attack protection, declared that it has raised $275 million in financing led by Liberty Strategic Capital, with contributions from Irving Investors, certain Neuberger Berman Investment Advisers LLC funds, and Softbank Vision Fund 2. The company’s success as the foremost inventor in offering XDR, EDR, EPP, and anti-ransomware solutions is validated by this latest round of funding. The funds will be used to support Cybereason’s hypergrowth, which has been driven by strong market demand for its AI-powered Cybereason Defense Platform. Softbank Group, CRV, Spark Capital, and Lockheed Martin previously invested $389 million in the company.
The Cybereason Defense Platform, unlike typical alert-centric models, is operation-centric, exposing and terminating complete “malicious actions” (MalOps). A MalOp discovered by Cybereason isn’t just another warning; it’s a fully contextualized view of all components of a cyberattack as it progresses across an organization. Because today’s experienced cybercriminals construct cyberattack operations rather than single-target attacks, the ability to detect MalOps is critical to successfully combating current cyber threats, particularly advanced ransomware. The attacker’s goal is to spread malware across the entire organization, and they’re well-organized and funded.
“Cybereason is fast becoming the global leader in cyber defense technology, and we could not be more pleased to make this extraordinary innovator the first addition to Liberty Strategic Capital’s portfolio. Cybereason has established itself as a visionary in prevention, detection and response, and Liberty Strategic Capital is excited to partner with the Cybereason team in their cutting-edge work to defend critical information networks, businesses, and governments around the world against the growing danger of cyber attacks. We are confident in Cybereason’s ability to deliver a superior product to customers and provide best-in-class critical infrastructure defense.” said Secretary Mnuchin, Founder and Managing Partner of Liberty Strategic Capital.
“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,” said Lior Div, CEO and co-founder of Cybereason.