SoftBank invests $100 million in security start-up Cybereason

News published by: http://www.livemint.com/

Source URL: hhttps://www.datacore.com/Company/news-press-center/Press-Releases/2017/05/23/datacore-s-sixth-annual-state-of-software-defined-storage-hyperconverged-and-cloud-storage-survey-reveals-top-business-drivers-technology-disappointments-and-false-starts

Cybereason Inc. raised $100 million from SoftBank Group Corp., bringing another cybersecurity business closer to the $1 billion valuation that has become the hallmark of a heavyweight technology start-up.

The funding round gives Cybereason, founded by former operatives in Israel’s elite Unit 8200 military intelligence group, a valuation north of $850 million, after factoring in the latest cash infusion, according to a person familiar with the situation.

SoftBank financed the entire round, after leading Cybereason’s previous funding round of $59 million in 2015, the person added. They asked not to be identified speaking about a private investment.

Click here to read more.

About Calsoft

Calsoft is a leading software product engineering services company specializing in Storage, Networking, Virtualization and Cloud business verticals. Calsoft provides End-to-End Product Development, Quality Assurance Sustenance, Solution Engineering and Professional Services expertise to assist customers in achieving their product development and business goals. www.calsoftinc.com

[Tweet “SoftBank invests $100 million in security start-up Cybereason”]