AAA Lockheed Martin finds Cybereason to invest

Lockheed Martin finds Cybereason to invest

US-based cybersecurity company Cybereason has attracted $25m for a series B round backed by aerospace company Lockheed Martin, Xconomy has reported.

Venture capital firm Spark Capital led the round, which also included Charles River Ventures (CRV), the VC firm that provided $4.6m in series A funding for Cybereason in February 2014.

Cybereason’s technology enables companies to detect and understand attacks in context, presenting them visually and providing an analysis of what a hacker may be trying to specifically achieve.

Cybereason gains its information by keeping track of an organisation’s entire IT infrastructure, including all users, and analysing any anomalies from normal activity.

The company will use the funding to double its staff from its current size of 40 by the end of 2015, and to move its headquarters in Massachusetts from Cambridge to Boston.

Lior Div, co-founder and chief executive of Cybereason, said: “We want to shape what the future of security will look like, not add another layer. We are trying to build the brain for cybersecurity.”

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