Cybereason Raises $200M, Pursues Autonomous Security Services
Cybereason has raised $200 million from SoftBank to develop autonomous security services — essentially, the blending and automation of SIEM, SOAR, EDR (endpoint detection and response) and EPP (end point protection) into a single, comprehensive offering.
In a statement about the funding, Cybereason CEO Lior Div wrote in a blog:
“Cybereason is at the leading edge of that now, and we intend to push that envelope further and further. We are in the ultimate race and aren’t measuring ourselves against point competitors or the status quo of struggling security markets.”
The funding emerges amid the Black Hat USA 2019 cybersecurity conference, where industry chatter about potential cybersecurity mergers, acquisitions and funding deals is typically quite loud.
Cybereason Funding: Growth and Partner Program Plans
Cybereason will use the new funding to fuel growth in all geographies; ramp up its partner program; innovate its core EPP offering; and explore potential acquisitions, the company said.
Channel partners and MSSPs (managed security services providers) have played key roles in the company’s growth to date. In a recent statement about EMEA (Europe, Middle East and Africa) momentum, the company pointed to channel partners, MSSPs and strategic alliances in the region — including:
- EVRY: Cybereason’s cybersecurity offerings are available to EVRY customers.
- Trustwave: Trustwave Managed Detection and Response (MDR) for Endpoints users can leverage Cybereason’s security capabilities.
- Arm: Cybereason and Arm are working together to secure 1 trillion connected devices by 2035.
Cybereason Channel Talent
Cybereason has also been expanding its own talent ranks both globally and in the EMEA theater. Key executive moves over the past year or so include include:
- Ghazal Asif, SVP of Worldwide Channels: Asif, who has more than 10 years of experience in developing indirect go-to-market channel programs, joined from Cisco in January 2019.
- Alexandre Pierrin-Neron, RVP of France: Pierrin-Neron has more than 20 years of technology and security industry experience and is expected to help Cybereason extend its French market reach.
- Amin Motie, RVP of DACH: Motie has nearly 20 years of industry experience and is expected to help Cybereason extend its market reach in Germany, Austria and Switzerland.
Cybereason Company Background, Growth
Cybereason has raised $400 million since launching in 2012. The company now, based in Boston, has 500 employees and more than 6 million endpoints under protection. The firm also has offices in Tel Aviv, Tokyo, London and Sydney, and additional presence on all continents, the company says.
Cybereason’s software allows one security analyst to manage up to 150,000 endpoints, compared to an average industry benchmark of one security analyst per 20,000 endpoints, the company claims.
Cybersecurity Vendors Engage MSSPs
Most major cybersecurity companies are now pursuing MSPs and MSSPs as part of their strategic alliance and channel partner strategies. MSSP- and MSP-friendly strategies have been paying big dividends for a lengthy list of companies including:
- AT&T Cybersecurity’s AlienVault USB platform;
- BlackBerry Cylance;
- Carbon Black;
- Malwarebytes; and
- Qualys, among others.
We’ll be pursuing more updates from Cybereason during the Black Hat USA 2019 conference this week in Las Vegas.