Cybereason, a Boston-based security startup which deploys machine learning to increase the number of endpoints a single analyst can manage across a network of distributed resources, has secured a funding of $200 million in new financing from SoftBank Group and its affiliates. This accumulates its funding to $400 million raised since 2012.
Lior Div, the CEO and co-founder of Cybereason informed that the raised funding will be utilized to grow our global expansion with our partner community.
He also added that Cybereason would also plunge in research and development, and look at potential acquisition opportunities in order to stay one step ahead of hackers.
The startup processes and analyzes data in real-time across an organization’s daily operations and relationships. It looks for anomalies in behavior across nodes on networks and uses those anomalies to flag suspicious activity. It also provides reporting tools to inform customers of the root cause, the timeline, the person involved in the breach or breaches, what tools they use and what information was being disseminated within and outside of the organization.
In last two years, the startup has broaden its scope of service to a network that spreads over 6 million endpoints tracked by 500 employees with offices in Boston, Tel Aviv, Tokyo and London.
“Cybereason’s big data analytics approach to mitigating cyber risk has fuelled explosive expansion at the leading edge of the EDR domain, disrupting the EPP market. We are leading the wave, becoming the world’s most reliable and effective endpoint prevention and detection solution because of our technology, our people and our partners,” said Div, in a statement. “We help all security teams prevent more attacks, sooner, in ways that enable understanding and taking decisive action faster.”