Fifteen months after moving its headquarters to Cambridge from Israel, Cybereason has signaled it aims to become Boston’s next cybersecurity success story with a large new funding round led by some heavy hitters.
Leading the $25 million Series B round is Spark Capital, the prominent Boston-based venture firm known for backing Twitter, Tumblr and Slack. Defense giant Lockheed Martin (LMT), a customer of Cybereason, also took part in Cybereason's new round.
Cybereason offers software that tracks the actions of potential cyber attackers and connects the dots to determine when there might be malicious intent. The software thus “dramatically reduces the time it takes to detect and confirm a breach,” according to Cybereason.
Cybereason focuses on stopping a cyber attacker once they’re inside a computer system, because the company “believes that a breach is inevitable and that a determined hacker will eventually bypass even the best protection solutions,” said Spark Capital general partner Santo Politi, who has joined the Cybereason board, in a news release.
Also taking part in the new funding round is CRV, which previously contributed Cybereason’s $4.6 million Series A funding. That round was raised after the company moved to Cambridge in early 2014.
Cybereason now plans to move its office to Boston's Back Bay, Sara Castellanos at the BBJ reported.
Cybereason was founded in 2012 by CEO Lior Div, formerly of the Israeli Intelligence Corps, where he specialized in cybersecurity and led a team within the Corps’ 8200 unit. Other alumni of the 8200 unit have launched cybersecurity firms Check Point Software and Palo Alto Networks.
