Cybereason, a Boston-based cybersecurity firm, has been acquired by SoftBank Corp. led a $100 million funding round. The company, which specializes in extended detection and response (XDR), plans to use the new capital to accelerate its growth and develop innovative XDR. , Endpoint Detection and Response (EDR) and Endpoint Protection Platform (EPP) solutions.
Cybereason’s AI-powered defense platform works with defenders to combat cyber attacks at the endpoint, in the cloud and across the enterprise ecosystem. The platform provides prevention, detection and response capabilities for modern ransomware and advanced attack techniques.
Cybereason’s MalOp™, a core element of the platform, delivers contextual attack intelligence to all affected devices, users and systems with unmatched speed and accuracy. The company has amassed a significant international customer base with customers in over 40 countries.
Along with the financial announcement, Cybereason also revealed a change in management. Eric Gan will become the company’s new CEO, subject to approval by the company’s board and pending customary regulatory approvals. The position of advisor will be taken over by the current CEO and co-founder Lior Div.
This significant funding round and leadership change underscores Cybereason’s commitment to maintaining its position at the forefront of the cybersecurity industry. The additional resources will enable the company to continue to develop cutting-edge solutions to combat the evolving threat landscape and protect businesses and individuals worldwide from cyber attacks.