Two Senior Executives to Leave Softbank-Backed Cybereason

Two senior executives are leaving Softbank Corporation-backed cybersecurity company Cybereason Inc., the company confirmed in a message to Calcalist Monday. On Friday, San Francisco-based technology news website The Information first reported that Cybereason’s chief marketing officer Mike Volpe will be leaving the company in August to take on the position of CEO at an unnamed Boston-based startup. Jonathan Shapira, a vice president at Cybereason, will also be leaving, The Information added. Both Volpe and Shapira will stay on as advisors, according to the report.

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Cybereason develops an automated hunting engine that monitors behavioral patterns to detect cyber attacks. In June 2017, Softbank invested $100 million in Cybereason, bringing the company’s total equity raised to $189 million.

Founded in 2012 and headquartered in Boston with a research and development center in Tel Aviv and additional offices in London and Tokyo, Cybereason has around 400 employees. According to an April report on The Information, at least 60 people left the company during 2017—over 25% of Cybereason’s total staff at the beginning of that year. "It makes us happy to know that Cybereason is a place that helps people take their careers to the next level,” Lior Div, co-founder and CEO of Cybereason said in a statement. “Someday, there will be dozens of CEOs and other executives that built their careers here," he added.