Cybereason, a cloud-based cybersecurity company and Forbes2019 Next Billion-Dollar Startups honoree announced Tuesday $200 million in new funding. Led by SoftBank Group, the Series E round boosts the company’s valuation to $900 million, with $389 million in total equity. The fresh influx provides padding as Cybereason prepares for an initial public offering, the timing of which depends on market conditions., CEO and cofounder Lior Div told Forbes. In the meantime, Cybereason aims to…
expand its already global reach, the details of which will be announced this week at Black Hat, the annual infosec conference in Las Vegas.
“Today we’re protecting the biggest banks, hospitals, manufacturers in the world, all these companies have a significant presence on mobile, from iPads to phone, we’ll be able to cover them and the ISP environment as well,” Div said. This week at Black Hat the company plans to demo its mobile product which it plans to launch in the next quarter. “We will be adding the ability to stop threats on mobile devices, and invest more in the ability to accelerate our artificial intelligence capabilities.”
In June, Cybereason revealed a massive telecommunications attack, with a “very high probability” that it was funded by the Chinese government. A suspected ring of APT 10 (advanced persistent threat), attackers, for at least seven years, had strategically accessed and exfiltrated banks of cellphone data to track the location of individuals, some of which were spies and politicians, without using call records.
“We managed to uncover the hackers’ offensive, attack infrastructure, through this we identified that they weren’t just hacking this specific telco but another 10 different telcos,” Div told Forbes. “They used this infrastructure as their own to track people, they tracked 20 specific individuals, every location, phone call, SMS for six months.”
A global network of millions of endpoints helped Cybereason reveal yet another separate and ongoing espionage attack of similar size, of which Div said he was not at liberty to provide details.
Founded in 2012, the Boston-based company with offices in Tel Aviv, Tokyo, London and Sydney will partially focus new research and development funds on mobile.
Cybereason continues to evolve to…
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