SoftBank led the cybersecurity company's latest round with a $50m investment, made as part of a strategic partnership agreement.
Israel-based cybersecurity technology provider Cybereason closed a $59m series C round yesterday led by internet and telecommunications company SoftBank, which invested $50m according to the Wall Street Journal.
The round also included venture capital firms Charles River Ventures (CRV) and Spark Capital, both of which participated as existing investors.
Founded by former members of the Israeli intelligence agency’s cybersecurity unit, Cybereason produces software that combines big data, behavioural analytics and machine learning in an automated process to discover more complex…