SoftBank invests $200 million in Cybereason

Softbank

Japan’s SoftBank Group Corp said it has invested a total of $200 million in an antivirus software startup, Cybereason.

The investment will make Cybereason’s total fundraising to near $400 million.

In previous attempts, the Boston-based company has raised capital from the likes of CRV, Spark Capital as well as defense equipment maker giant Lockheed Martin.

Cybersecurity startups have in recent times, witnessed a surge in capital raising after several mega-companies and even tech giants became victims of cyberattacks.

According to a Reuters report, Cybereason will use the capital to expand its global footprint and focus on developing its core offering, Endpoint Protection Platform (EPP).

Earlier in the second quarter, tech giant IBM acquired Red Hat, a cybersecurity company in a $34 billion deal that will give the software giant an exposure to the cybersecurity software business.