Cybereason Raises $25 Million to Expand Threat Detection Platform
Cybereason, a Cambridge, Mass.-based provider of threat detection solutions, announced on Wednesday that it has closed a $25 million Series B funding round, with defense contractor Lockheed Martin participating as a strategic investor.
Led by Spark Capital with existing investor CRV also participating in the round, the startup said the funds would be used to expand its research and development and support sales and marketing efforts.
Available as an on premise solution or a cloud-based service, Cybereason’s platform helps reduces the endpoint detection and response time by continuously “hunting” for known and unknown malicious activities within an environment.
Leveraging big data analytics and machine learning, Cybereason claims that its Endpoint Detection Suite can analyze up to eight million events per second to detect key elements of an attack, including its timeline, root cause, adversarial activity, malware involved, communication inside and outside of the environment and the affected endpoints and users.
Along with participating as a strategic investor, Lockheed Martin has deployed Cybereason’s technology internally, and under a partnership will integrate the platform into its various cyber security offerings.
“[Cybereason’s] real-time detection and attack tracing capabilities enable us to effectively leverage threat intelligence and provide our government and commercial customers with a calculated, strategic approach to cyber defense,” said Rich Mahler, director of commercial cyber services at Lockheed Martin.
Cybereason previously raised $4.6 million in a Series A funding round in Feb. 2014. The company also has an office in Tel Aviv, Israel.