Cyber defense firm Cybereason raises $200 million from Japan's Softbank

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Cyber defense firm Cybereason raises $200 million from Japan's Softbank
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U.S.-Israeli cyber security provider Cybereason said on Tuesday it raised $200 m...

FILE PHOTO - Lior Div, chief executive of U.S.-Israeli cyber security firm Cybereason, speaks during Cyber Week conference in Tel Aviv, Israel June 25, 2019. REUTERS/Corinna Kern

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 $200 million investment is a big step towards taking Cybereason to IPO,” CEO Lior Div told Reuters, saying a two-year timeline was reasonable.

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