Google Cloud, the cloud services subsidiary of internet technology group Alphabet, has added $50m to a series F round for US-based endpoint protection software developer Cybereason now totalling $325m, VentureBeat reported on Tuesday.
The investment adds to the $275m tranche led by private equity firm Liberty Strategic Capital in July this year that also featured asset manager Neuberger Berman. That close reportedly valued the company at $3.2bn and it has now accumulated more than $713m in funding to date.
Founded in 2012 before emerging from stealth in 2014, Cybereason runs a cloud-based cybersecurity platform that uses machine learning and behavioural analytics to block cyberthreats at endpoints – the devices connected to a network.
Google Cloud’s investment comes weeks after it entered into a strategic partnership with Cybereason to create an extended detection and response software platform capable of taking in petabytes of data and telemetry from across an organisation’s global network.
Internet and telecommunications group SoftBank provided Cybereason with $200m of series E funding in August 2019 through undisclosed affiliates, having invested $100m two years earlier. SoftBank reportedly put up $50m for its $59m series C round in October 2015, investing with CRV and Spark Capital.
Spark Capital had led a $25m series B round five months earlier that was backed by aerospace manufacturer Lockheed Martin and CRV. Cybereason had come out of stealth in 2014 with $4.6m in series A funding from CRV.
