Security Startup Cybereason Raises $200 Million

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Cybereason, a security tech firm which is poised to file its initial public offering soon, has secured new funding.

According to a report by Forbes, the matured startup has raised $200 million in funding, led by Softbank. The Series E funding pushes its total funding haul since its inception to $389 million. Nearing unicorn status, the company is now valued at $900 million.

“Today we’re protecting the biggest banks, hospitals, manufactures in the world, all these companies have a significant presence on mobile, from iPads to phone, we’ll be able to cover them and the ISP environment as well,” said CEO and co-founder Lior Div in an interview with Forbes. “We will be adding the ability to stop threats on mobile devices, and invest more in the ability to accelerate our artificial intelligence capabilities.”

Cybereason’s services were put to the test last June when a massive telecom attack struck. A ring of attackers accessed and commandeered groups of cellphones to track the location of several individuals, mostly spies and law enforcement. The company said there was “a very high probability” that the cyberattack was funded by the Chinese government.

The Boston based company also revealed it was working on other previous attacks but could not elaborate on them.