Cybereason raises $275M in Series F from Liberty Strategic Capital

SaaS News -Cybereason-raises-$275M-at-Series-F,-adds-Steven-Mnuchin-to-board(source: SaaS Industry)
At a Glance

Cybereason has raised $275M in Series F funding led by Liberty Strategic Capital to continue its hypergrowth, achieved over the past year


Cybereason, an end-point detection and response platform has raised $275 million in a crossover Series F funding round led by Liberty Strategic Capital, with participation from Irving Investors, certain funds advised by Neuberger Berman Investment Advisers LLC and Softbank Vision Fund 2*, it said in a press release.

Cybereason’s previous funding round was in 2019, where it raised $200 million in Series E from SoftBank. With Series F, the total funding raised by the company crosses $663 million. Lior Div, co-founder and CEO of Cybereason, stated that the Cybereason has experienced hypergrowth across the globe in the past year and added,

Unlike our prolific alert-generating competitors, Cybereason takes an approach that enables defenders to end malicious operations instantly, resulting in the most comprehensive prevention, detection and response solution on the market. This is how we are returning the high ground to the defenders – and we are just getting started.

Lior Div, co-founder and CEO of Cybereason

The company would use the proceeds to fuel its hypergrowth, driven by strong market demand for its AI-powered Cybereason Defense Platform, it said. 

Cybereason’s defense platform is operation-centric working towards exposing malicious operations (MalOps). Combining detection and response (EDR and XDR), next-gen antivirus (NGAV), the company provides future-ready attack protection unifying security from the endpoint to the enterprise. 

Secretary Mnuchin, founder and managing partner of Liberty Strategic Capital, expressed delight at partnering with Cybereason and hailed it as a visionary prevention and detection.

Cybereason is fast becoming the global leader in cyber defense technology, and we could not be more pleased to make this extraordinary innovator the first addition to Liberty Strategic Capital’s portfolio. We are confident in Cybereason’s ability to deliver a superior product to customers and provide best-in-class critical infrastructure defense.

Secretary Mnuchin, founder and managing partner of Liberty Strategic Capital
Total
0
Shares
Previous News Post
Next News Post
Most Popular