Cybereason, a provider of endpoint security, has raised a USD 275 million Series F funding round. The crossover financing was led by Liberty Strategic Capital with participation from Irving Investors, Softbank Vision Fund 2, and funds advised by Neuberger Berman Investment Advisers. 

Liberty Strategic Capital invested USD 200 million, and Neuberger Berman and SoftBank invested USD 75 million. The fundraise was at an estimated valuation of around USD 3 billion, bringing Cybereason’s total funding to USD 663.6 million. 

The company expects to use the money to scale its AI-powered Cybereason Defense Platform, XDR, EDR, EPP, and anti-ransomware solutions.

Cybereason generated more than USD 120 million in annual recurring revenue in FY2020 and currently employs 800 staff across Israel, Japan, Europe, and the US. Former Secretary of Treasury Steven Mnuchin, who is now founder and managing partner of Liberty Strategic Capital will join the company’s board of directors, along with General Joseph Dunford.

Founded in 2012, Cybereason offers an endpoint security platform that includes next-generation antivirus (NGAV) programs, endpoint detection, and response (EDR) tools, anti-ransomware tools, and a platform to centrally manage security policies across company endpoints. The company’s endpoint solutions leverage AI and behavioral analysis to identify known and unknown threats and automate response and remediation following a security incident. Cybereason also offers a breach protection warranty of up to USD 1 million at the highest tier of its endpoint protection products.