Prevention, detection, and response solutions provider Cybereason on Wednesday announced raising $275 million in a crossover funding round, which brings the total raised by the company to more than $663 million.
The financing round was led by Liberty Strategic Capital, with participation from Neuberger Berman and Softbank. Cybereason says it plans on using the money to fuel its growth, including enhancing and expanding its product offerings.
Israeli news outlet Globes reported that the Boston, Massachusetts-based company has been valued at roughly $3.2 billion.
Steven Mnuchin, founder and managing partner of Liberty Strategic Capital, who served as Treasury secretary during the Trump administration, will join Cybereason’s board of directors.
Late-stage crossover financing often precedes an initial public offering (IPO), but neither Mnuchin nor Cybereason CEO Lior Div could provide a precise timeline for an IPO when asked about it by CNBC.
Cybereason competitor SentinelOne went public late last month and it reportedly exceeded its IPO goal to raise $1.2 billion. The company’s shares have been in the $40-50 range.
Founded in 2012, Cybereason has developed a platform that includes next-generation antivirus, endpoint controls, endpoint detection and response, mobile protection, cloud protection, threat intelligence, incident response, threat hunting, and assessment capabilities.
The company achieved unicorn status in 2019, after raising $200 million in a Series E funding round.
Related: Cybereason Unveils New Mobile Device Security Offerings
Related: Cybereason Raises an Additional $200 Million in Funding
Related: XDR Firm Cynet Raises $40 Million Series C Funding
Related: MDR Firm Huntress Raises $40 Million in Series B Funding Round

Eduard Kovacs (@EduardKovacs) is a contributing editor at SecurityWeek. He worked as a high school IT teacher for two years before starting a career in journalism as Softpedia’s security news reporter. Eduard holds a bachelor’s degree in industrial informatics and a master’s degree in computer techniques applied in electrical engineering.
More from Eduard Kovacs
- Unpatched Econolite Traffic Controller Vulnerabilities Allow Remote Hacking
- Google Fi Data Breach Reportedly Led to SIM Swapping
- Microsoft’s Verified Publisher Status Abused in Email Theft Campaign
- British Retailer JD Sports Discloses Data Breach Affecting 10 Million Customers
- Meta Awards $27,000 Bounty for 2FA Bypass Vulnerability
- Industry Reactions to Hive Ransomware Takedown: Feedback Friday
- US Reiterates $10 Million Reward Offer After Disruption of Hive Ransomware
- Hive Ransomware Operation Shut Down by Law Enforcement
Latest News
- Malicious NPM, PyPI Packages Stealing User Information
- VMware Confirms Exploit Code Released for Critical vRealize Logging Vulnerabilities
- 98% of Firms Have a Supply Chain Relationship That Has Been Breached: Analysis
- Dutch, European Hospitals ‘Hit by Pro-Russian Hackers’
- Gem Security Gets $11 Million Seed Investment for Cloud Incident Response Platform
- Ransomware Leads to Nantucket Public Schools Shutdown
- Stop, Collaborate and Listen: Disrupting Cybercrime Networks Requires Private-Public Cooperation and Information Sharing
- Boxx Insurance Raises $14.4 Million in Series B Funding
