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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