Category Archives: Lior Div

Cybereason raises another $200 million, aims for IPO within 2 years

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Japanese multinational SoftBank will invest $200 million in Cybereason, doubling the Boston-based security vendor’s investment total as it marches toward an initial public offering. The deal brings Cybereason’s total funding to $400 million after prior investments from SoftBank, CRV, Spark Capital and Lockheed Martin. The company, founded in 2012 by former members of the Israeli Defense Forces signals intelligence unit, provides endpoint detection services, competing with the likes of Symantec, McAfee and CrowdStrike. This $200 million in Series E funding comes as part of Cybereason’s plan to invest in new services and find new clients, then go public within two years, said CEO Lior Div. “We took the money in order to build a bigger company than we are right now,” Div said on Monday. “Right now we have 500 people in the company, and this plan is to push to even more in order to be ready to go […]

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Israeli startup Cybereason gets $100M series D funding

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Cybereason, the next-generation cybersecurity firm founded by veterans of the Israeli Defense Forces cyberwar force Unit 8200, has raised $100 million series D money from its partner, customer and existing funder, the Japanese tech-finance giant SoftBank Corp. The new round more than doubles the amount the the company raised in its series A, B and C rounds, which brought in a combined total just under $90 million from funders Lockheed Martin, SoftBank Corp., and venture capital outfits CRV and Spark Capital. Last year it moved its global headquarters to Boston from Tel Aviv, though it still has a base in the Israeli city. It also has a presence in London and a joint venture with SoftBank in Tokyo. “This new funding allows us to increase our growth through new distribution channels and to develop new technologies,” said Lior Div, Cybereason co-founder and CEO in a statement. A company executive enlarged on that, […]

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Researchers Find Fresh Fodder for IoT Attack Cannons

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New research published this week could provide plenty of fresh fodder for Mirai, a malware strain that enslaves poorly-secured Internet of Things (IoT) devices for use in powerful online attacks. Researchers in Austria have unearthed a pair of backdoor accounts in more than 80 different IP camera models made by Sony Corp. Separately, Israeli security experts have discovered trivially exploitable weaknesses in approximately 500,000 white-labeled IP camera models that are not currently sought out by Mirai. Continue reading Researchers Find Fresh Fodder for IoT Attack Cannons→