The funds will be used by the cybersecurity-focused startup to develop new technologies and increase distribution channels. SoftBank, a subsidiary of SoftBank Group Corp, is also one of startups biggest customer and distribution partner, according to Reuters.
Following the latest financing, the security company has raised a total of USD 189 million in capital from CRV, Spark Capital, Lockheed Martin and SoftBank since its creation in 2012.
Cybereason is a US-based cyber security company specializing in endpoint detection and response software, and its products are used by companies to protect their systems from cyber-attacks, such as the recent WannaCry ransomware attack.
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