Cyber defense firm Cybereason raises $200 million from Japan's Softbank [Reuters]
Lockheed Martin Corporation (LMT)
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Source: Reuters
Cyber defense firm Cybereason raises $200 million from Japan's Softbank - Reuters 2 Min Read JERUSALEM (Reuters) - U.S.-Israeli cyber security provider Cybereason said on Tuesday it raised $200 million from Japan’s Softbank and its affiliates, bringing the company closer to an initial public offering. The new funds, which double the amount raised to date, will be used to fuel global growth and further innovate its cloud-based endpoint protection platform, Cybereason said. The company made headlines in June when it uncovered what it called the largest nation-state cyber espionage attack on multiple telecom companies. “The $200 million investment is a big step towards taking Cybereason to IPO,” CEO Lior Div told Reuters, saying a two-year timeline was reasonable. Cybereason said it plans to increase investment in research and development and will also examine acquisition opportunities. Softbank has invested previously in the company, along with venture capital firm CRV, Spark Capital an
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