Cooley Advises Softbank on Its $100 Million Investment in Cybereason
Palo Alto – July 26, 2017 – Cooley advised Softbank Corp. on its $100 million investment into cybersecurity startup Cybereason, which was announced on June 22. This new financing solidifies Cybereason as the leading cybersecurity startup changing the status quo in the security industry, with 500 percent growth in revenue and nearly 200 percent growth in global employees last year.
Cybereason has raised a total of $189 million since its founding in 2012. SoftBank is the company’s biggest investor and one of its biggest customers and distribution partners.
“SoftBank tested a number of cybersecurity products from all over the world, but Cybereason’s products are by far better than those of their competitors. We strongly believe Cybereason will be one of the global leaders in cybersecurity,” said Ken Miyauchi, president and CEO of SoftBank, in a news release.
Boston-based Cybereason is a leader in endpoint protection, offering endpoint detection and response, next-generation antivirus, and managed monitoring services. The privately held company is headquartered in Boston and also has offices in London, Tel Aviv and Tokyo. It was recently recognized by the Wall Street Journal on its 2017 Technology Companies Watch list.
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