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October 13, 2015

SoftBank pours $50 million into cybersecurity firm

News: Israeli security firm set to open Japanese office with Softbank as distributor.

By Alexander Sword

Cybereason raised $50 million from SoftBank in its latest funding round.

The Israeli cybersecurity start-up took in a total of $59 million from its Series C funding, with other investors including existing investors Charles River Ventures and Spark Capital.

Cybereason will now open an office in Japan, with Japanese telecoms operator SoftBank serving as a local distributor, according to the report in the Wall Street Journal.

The company, which has also received funding from the world’s largest arms dealer, Lockheed Martin, produces software that can detect hacks into enterprise networks.

It was founded in 2012 by former military cybersecurity experts.

Israel has a strong pedigree for producing cybersecurity firms, with software company Check Point also hailing from Tel Aviv.

SoftBank also recently led a $1 billion investment round into SoFi, a financial services company.

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