Telecommunications and internet group SoftBank agreed today to invest $100m in US-based endpoint cybersecurity software provider Cybereason, taking the total raised by the latter to $189m.
Founded in 2012, Cybereason produces software that detects cyber threats at endpoints and responds to them using next-generation antivirus technology. SoftBank uses the software itself and is also one of the company’s distribution partners.
Lior Div, co-founder and chief executive of Cybereason, said: “This new funding allows us to increase our growth through new distribution channels and to develop new technologies.
“Our strengthened partnership with SoftBank, which has a formidable sales force and enterprise customer base in Japan and a global reach, will also enable us to further expand our presence in the cybersecurity market.”
According to a statement issued by Cybereason, SoftBank is now its largest investor. The corporate invested a reported $50m to lead its last round, a $59m series C that closed in November 2015 with participation from CRV and Spark Capital.
Spark Capital had previously led the company’s $25m series B round six months before, investing together with CRV and aerospace firm Lockheed Martin.