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Cybereason Announces Record Growth in 2017 and Rapid International Expansion(February 14, 2018)
BOSTON (PRWEB) February 14, 2018
Cybereason, creators of the leading cybersecurity data analytics platform including endpoint detection and response, next-generation antivirus, and active monitoring services, today announced a record-breaking 2017 in revenue growth, new customers, new hires and product platform innovation. 2017 was a year that saw Cybereason further its mission to protect people and information in the open and connected digital world.
“Cybereason is disrupting the cybersecurity industry because traditional approaches used by corporations to defend against adversaries no longer work. Our award-winning Enterprise Attack Protection Platform enables corporations to gain unprecedented visibility into their networks. The proprietary architecture of our platform, including our in-memory, graph database, allows us to analyze more data than all other solutions on the market. Hundreds of blue-chip corporations see tremendous value in Cybereason," said Lior Div, co-founder and CEO, Cybereason.
The company's most notable 2017 milestones include:
Triple Digit Revenue Growth: Cybereason more than doubled its year-over-year global revenue in 2017, growing by 140 percent.
Exponential Customer Growth: Cybereason increased its customer base by more than 200 percent in 2017, acquiring new customers in many industries, including financial services, retail, energy, healthcare, higher education and pharmaceutical.
Product Innovation: Cybereason launched the newest version of its award-winning Enterprise Attack Prevention Platform to include next-generation antivirus functionality. In addition, Cybereason introduced the industry's first and only solution to proactively prevent PowerShell attacks using behavioral analysis.
Extensive International Growth in APAC Region: Cybereason's growth across the APAC region grew by more than 600 percent and the company has the region's largest market share for both the endpoint detection and response and endpoint protection platform categories. It continues to strengthen an already strong relationship with its customer and investor, Softbank. Cybereason also opened its newest office in Sydney.
Expanding Employee Base: Cybereason hired more than 200 new employees in 2017 and now employs a worldwide workforce of more than 350.
$100M Series D Round: In June of 2017, Cybereason announced $100M in funding from Softbank - a customer turned investor - bringing its total funding to $189 million.
Channel Program Launch: In the six months following the launch of its Global Partner Program in June 2017, the company signed more than 120 new partners.
Ground-breaking Research and Discoveries: Cybereason Principal Security Researcher Amit Serper discovered vaccinations for Bad Rabbit (October 2017) and NotPetya (June 2017) and was the first person in the world to discover a way to stop the ransomware strains, earning global coverage on CNN and dozens of other media outlets.
RansomFree Anniversary: Cybereason celebrated the one-year anniversary of its free anti-ransomware tool RansomFree in December 2017; today nearly 600,000 small businesses and consumers use the tool.
Malicious Life Podcast: Cybereason's popular podcast ‘Malicious Life' surpassed 100,000 downloads and spent many weeks in 2017 as one of the 20 most popular iTunes podcasts. The podcast is about crimes and conflicts that have shifted from banks and battlefields to digital wars where billions of devices possess processing power are connected to the Internet.
Company-wide Recognition: In 2017, Cybereason won more than a dozen company awards recognizing its people, its culture and its innovative technology. Awards include:
2017 EY Entrepreneur of the Year New England Finalist (Lior Div)
Business Journal's “Power 50: Newsmakers" (Lior Div)
LinkedIn's 2017 Top 50 Companies
Boston Business Journal “Best Places to Work"
Comparably's Best Small Business - #2 ranking
Innovation and Momentum
2017 Wall Street Journal Top 25 Technology Startups to Watch
JMP Securities “Super 60" Company
InformationWeek's Top Vendors to Watch in 2018
Cybereason, creators of the leading cybersecurity data analytics platform, gives the advantage back to the defender through a completely new approach to cybersecurity. Cybereason offers endpoint detection and response (EDR), next-generation antivirus (NGAV), and active monitoring services, all powered by its proprietary data analytics platform. The Cybereason suite of products provides unmatched visibility, increases analyst efficiency and effectiveness, and reduces security risk. Cybereason is privately held, having raised $189 million from top-tier VCs, and is headquartered in Boston, with offices in London, Tel Aviv, and Tokyo.
Learn more: https://www.cybereason.com/
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Director, Public Relations
Read the full story at http://www.prweb.com/releases/2018/02/prweb15208846.htm.