The first half of 2021 has seen explosive growth for our company, and the tremendous momentum we are enjoying is just the beginning of what will prove to be a momentous year for the entire Cybereason team.
As a further testament to our commitment to delivering the best prevention, detection and response solution on the market, the Cybereason team is excited to share the news that we have secured $275 million in crossover financing led by Liberty Strategic Capital, with additional backing provided by Neuberger Berman and Softbank.
This latest round of investment validates Cybereason as a preeminent innovator in delivering XDR, EDR, and EPP solutions, not to mention the fact that Cybereason is undefeated in the fight against ransomware.
In connection with Liberty’s investment in Cybereason, Secretary Mnuchin will join the Cybereason Board of Directors, and Liberty’s Senior Advisor General Joseph F. Dunford (Ret.), who served as the 19th Chairman of the Joint Chief of Staff (2015-2019), will join the Cybereason Advisory Board.
The funding announcement follows closely a number of key wins for Cybereason, including landing a premier spot on the CNBC 2021 Disruptor 50 list of the most innovative privately held global companies, our exceptional performance in the MITRE Engenuity ATT&CK Evaluations where Cybereason received top scores across every aspect of the testing, and an impressive debut in the 2021 Gartner Magic Quadrant for Endpoint Platforms where Cybereason is positioned furthest to the right in the Visionary Quadrant, among others.
The oversubscribed funding round will continue to fuel the company’s hypergrowth, driven by the strong market demand for its AI-powered Cybereason Defense Platform, and the additional resources will enable us to continue to enhance and expand both our product offerings and the opportunities for our valued Partners as we continue work to make Cybereason the most attractive solution in their arsenal.
The Cybereason Advantage
Unlike traditional alert-centric models, the Cybereason Defense Platform is operation-centric – exposing and ending entire “malicious operations” (MalOps). A MalOp is not yet another alert – it is a fully contextualized view of every element of an attack as it unfolds across an enterprise. Because today’s sophisticated cyber criminals build attack operations, not point attacks, MalOps are the key to successfully fighting modern cyberattacks, including the latest sophisticated ransomware attacks.
The attacker’s goal is to move from the endpoint across the whole enterprise, and they are organized, funded, and motivated to succeed. Without an operation-centric cyber security approach, organizations remain vulnerable to repeated attack. Cybereason enables them to quickly and efficiently recognize, expose and end entire malicious operations before MalOps become breaches.
“Cybereason is fast becoming the global leader in cyber defense technology, and we could not be more pleased to make this extraordinary innovator the first addition to Liberty Strategic Capital’s portfolio,” said Secretary Steve Mnuchin, Founder and Managing Partner of Liberty Strategic Capital.
“Cybereason has established itself as a visionary in prevention, detection and response, and Liberty Strategic Capital is thrilled to partner with the Cybereason team in their cutting-edge work to defend critical information networks, businesses, and governments around the world against the growing danger of cyberattacks. We are confident in Cybereason’s ability to deliver a superior product to customers and provide best-in-class critical infrastructure defense.”
We’d like to take this opportunity to thank our fantastic customer base as well as our strategic Channel and Technology partners for choosing to partner with us to further execute on our mission to end cyberattacks on endpoints, across the enterprise to everywhere. We know the fight is not an easy one, but we are stronger because we are in it together as Defenders United!