SoftBank Leads Investment in Cyber-security Provider Cybereason
OREANDA-NEWS. SoftBank Corp. ("SoftBank"), a subsidiary of SoftBank Group Corp. (TOKYO: 9984) today announced that in September 2015 SoftBank led an investment of USD 59 million in Cybereason Inc. ("Cybereason"), a cyber-security platform provider that utilizes AI, along with existing investors Charles River Ventures and Spark Capital.
Cybereason's cyber-security platform utilize AI-based proprietary analytics to detect and prevent cyber attacks. In conjunction with this investment, SoftBank and Cybereason are working together to determine how to deliver Cybereason's cyber-security platform to the Japanese market, with the aim of launching commercial services in Japan in the first half of 2016.
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