Cybereason Acquires $100M in Funding Led by SoftBank Corp.

Cybereason, the XDR company, announced a $100 million investment led by SoftBank Corp. to support the company’s global growth and advance its innovation in XDR, EDR, and EPP solutions.

In addition, Cybereason announced that Eric Gan will “serve as the company’s new CEO, subject to confirmation by the company’s board and pending customary regulatory approvals, while current CEO and Co-Founder Lior Div will transition to the role of advisor.”

As an Executive Vice President of SoftBank Corp., Eric Gan reportedly “has a long history with Cybereason, starting with SoftBank Corp.’s initial investment in Cybereason in 2015.”

Prior to SoftBank Corp., Gan has “co-founded eAccess, a telecommunications company.”

Gan later “became an Executive Vice President of SoftBank Corp., where he led its Business Development Unit, which formed alliances with overseas companies.”

Before eAccess, Gan was “an analyst and managing director for Goldman Sachs.”

Gan said:

“I have watched Cybereason grow from its earliest stages to a leader in the cyber industry as evidenced by its recent position as a leader in the Gartner Magic Quadrant for EPP and its record-breaking MITRE ATT&CK results. I look forward to supporting Cybereason’s next stage of global growth and scale. I am so proud of what we have accomplished at Cybereason and I look forward to being a part of helping the company move to the next level,” said Div.

This round of funding “comes as Cybereason has experienced significant traction in recent months” including:

  • Achieving the best results in the history of the MITRE Engenuity ATT&CK® Evaluations for Enterprise, scoring 100% in Prevention, 100% in Visibility, and 100% in Real-Time Protection;

Cadwalader, Wickersham & Taft LLP is “representing Cybereason in the financing,” and Goodwin Procter LLP is “representing Softbank Corp. in the financing.”

As noted in the update, Cybereason is “the XDR company, partnering with Defenders to end attacks at the endpoint, in the cloud, and across the entire enterprise ecosystem.”

Only the AI-driven Cybereason Defense Platform “provides predictive prevention, detection, and response that is undefeated against modern ransomware and advanced attack techniques.”

The Cybereason MalOp instantly “delivers context-rich attack intelligence across every affected device, user, and system with unparalleled speed and accuracy.”

Cybereason turns threat data “into actionable decisions at the speed of business.”

Cybereason is “a privately held international company headquartered in Boston with customers in more than 40 countries.”

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