Japan's Softbank invests $100m in Cybereason
SoftBank Corp. has agreed to invest $100 million in a Series D funding round for Cybereason, a US-headquartered cybersecurity platform provider targeting expansion in Japan.
The company began its Japan campaign as early as 2015, with a $59 million Series C led by Softbank and including participation from Charles River Ventures and Spark Capital. It has raised $189 million to date.
"This new funding allows us to increase our growth through new distribution channels and to develop new technologies," Lior Div, Cybereason's co-founder and CEO, said in a statement. "Our strengthened partnership with SoftBank, which has a formidable sales force and enterprise customer base in Japan and a global reach, will also enable us to further expand our presence in the cybersecurity market."
Cybereason was established in 2012 by former members of the Israel Defense Forces, and claims to bring a military perspective on cybersecurity to the commercial sector. It specializes in the protection of network endpoints, antivirus systems, managed monitoring and incident response procedures.
The company received a $25 million Series B in 2015 from Spark, Charles River and Lockheed Martin. Charles River led a $4.6 million Series A in 2014. It maintains offices in Tokyo, Boston, Tel Aviv and London.
US cross-border partnerships have played an important role in the expansion of cybersecurity investment in Asia. CB Insights has estimated that as much as 80% of global cybersecurity investment is received by US companies.
More on North Asia
Latest News
Asian GPs slow implementation of ESG policies - survey
Asia-based private equity firms are assigning more dedicated resources to environment, social, and governance (ESG) programmes, but policy changes have slowed in the past 12 months, in part due to concerns raised internally and by LPs, according to a...
Singapore fintech start-up LXA gets $10m seed round
New Enterprise Associates (NEA) has led a USD 10m seed round for Singapore’s LXA, a financial technology start-up launched by a former Asia senior executive at The Blackstone Group.
India's InCred announces $60m round, claims unicorn status
Indian non-bank lender InCred Financial Services said it has received INR 5bn (USD 60m) at a valuation of at least USD 1bn from unnamed investors including “a global private equity fund.”
Insight leads $50m round for Australia's Roller
Insight Partners has led a USD 50m round for Australia’s Roller, a venue management software provider specializing in family fun parks.