US-based endpoint protection software developer Cybereason collected $200m in series E funding today from a range of unspecified affiliates of internet and telecommunications conglomerate SoftBank.
Founded in 2012, Cybereason operates a cloud-based cybersecurity platform that thwarts attacks on devices connected to the company network – known as endpoints. The software also offers antivirus functionality and provides active monitoring services.
The software currently protects more than 6 million endpoints and Cybereason said it has achieved 300% growth over the past two years. Part of the funding will allow the company to drive further growth internationally.
The money will also support an expansion of the company’s partner distribution program and bolster technology development, including a fully autonomous cybersecurity product suite. In addition, the company will explore acquisitions and strategic collaborations.
Cybereason has now raised approximately $400m altogether, it said, and the series E round valued it at $900m, co-founder and CEO Lior Div told Forbes. SoftBank invested $100m in 2017, making it the company’s single largest shareholder.
SoftBank also led Cybereason’s $59m series C round in October 2015, with participation from CRV and Spark Capital, the investor that led a $25m series B round for the company six months earlier that also featured CRV and aerospace and defence manufacturer Lockheed Martin.
