Cybereason raises $275 million led by Steven Mnuchin's VC fund
The Israeli cybersecurity company didn't state at what valuation it raised the funds, but it is estimated to be in the region of $3 billion
The funding round will continue to fuel the company’s hypergrowth driven by the strong market demand for its AI-powered Cybereason Defense Platform. Unlike traditional alert-centric models, the Cybereason Defense Platform is operation-centric – exposing and ending entire “malicious operations” (MalOps). A MalOp is a fully contextualized view of every element of an attack as it unfolds across an enterprise. Because today’s sophisticated cyber criminals build attack operations, not point attacks, MalOps are the key to successfully fighting modern cyber attacks including the latest sophisticated ransomware attacks.“Cybereason is fast becoming the global leader in cyber defense technology, and we could not be more pleased to make this extraordinary innovator the first addition to Liberty Strategic Capital’s portfolio,” said Secretary Steve Mnuchin, Founder and Managing Partner of Liberty Strategic Capital. “Cybereason has established itself as a visionary in prevention, detection and response, and Liberty Strategic Capital is thrilled to partner with the Cybereason team in their cutting-edge work to defend critical information networks, businesses, and governments around the world against the growing danger of cyber attacks. We are confident in Cybereason’s ability to deliver a superior product to customers and provide best-in-class critical infrastructure defense.” Cybereason was founded in 2012 by three Israeli partners, Div, Yonatan Striem-Amit and Yossi Naar. The company currently employs 850 people worldwide, 350 of them in its R&D center in Israel. Liberty Strategic Capital is a Washington, DC-based private equity firm focused on strategic investments in technology, financial services and fintech, and new forms of content. The firm was founded in 2021 and is led by former Secretary of Treasury Steven T. Mnuchin, with former United States Ambassador to Israel, David Friedman representing the company in Israel.