SoftBank Leads $59 Million Investment
in Cyber-security Provider CybereasonBoth companies agree to jointly study business deployment in Japan
October 14, 2015
Tokyo, Japan, October 14, 2015 — SoftBank Corp. (“SoftBank”), a subsidiary of SoftBank Group Corp. (TOKYO: 9984) today announced that in September 2015 SoftBank led an investment of $59 million in Cybereason Inc. (“Cybereason”), a cyber-security platform provider that utilizes AI, along with existing investors Charles River Ventures and Spark Capital.
Cybereason's cyber-security platform utilize AI-based proprietary analytics to detect and prevent cyber attacks. In conjunction with this investment, SoftBank and Cybereason are working together to determine how to deliver Cybereason's cyber-security platform to the Japanese market, with the aim of launching commercial services in Japan in the first half of 2016.
About SoftBank Corp.
SoftBank Corp., a subsidiary of SoftBank Group Corp. (TOKYO: 9984), provides mobile communication, fixed-line communication and Internet connection services to customers in Japan. Leveraging synergies with other companies in the SoftBank Group, SoftBank Corp. aims to transform lifestyles through ICT and expand into other business areas including IoT, robotics and energy.
Founded by members of the Israeli intelligence agency's elite cyber security Unit 8200, the Cybereason platform mirrors the founder's expertise in handling some of world's most complex hacking operations. The Cybereason Detection and Response Platform leverages big data, behavioral analytics and machine learning to uncover, in real-time, complex cyber-attacks designed to evade traditional defenses. It automates the investigation process, connects isolated malicious events and visually presents a full malicious operation. The platform is available as an on premise solution or a cloud-based service. Cybereason is privately held and headquartered in Boston, MA with offices in Tel Aviv, Israel.
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