Israeli cyberbunk breaks record: Japan's Softbank is investing $ 100 million in Suburban
Softbank, which has already invested in CyberSense, is the sole investor in this round, which is the largest private sector in cyberspace in Israel. We have revenues of tens of millions of dollars. "According to estimates, the value of Cyprzen is more than half a billion dollars
By Eliran Rubin
21.06.2017
Save 7 Comments
From the right: Yossi Naar, Lior Dib, Yonatan Shatrim Amit
From the right: Yossi Naar, Lior Dib, Yonatan Strim, Amitroyji Suzuki
The Israeli cyber continues to swell and the sums raised are breaking records. Israeli company Cybereason today announced that Japan's Softbank had invested $ 100 million alone. This is the largest single capital raising in cyberspace in Israel, and one of the largest capital raised by Israeli start-ups in recent years. According to the company, the entire amount will go into the company's account - all in exchange for shares. This brings the company's total investment to $ 190 million.
This is not Softbank's first investment in the company. The Japanese investment giant led the previous round of Sybasezen, which took place in October 2015, which led to the establishment of the company's headquarters in Japan and entry into the Asian cyber market.
In a move that does not characterize the capital-raising dynamics of start-ups, they chose Softbank to invest again, this time alone, an additional $ 100 million without the inclusion of existing investors, including Lockheed Martin. This recruitment, according to Sabrisen, is not part of the new fund that Softbank has raised with the Saudi government for $ 93 billion.
"They came with a very good offer, so there was no need for more external investors," said Lior Dive, co-founder and CEO. "All of them were diluted with the round, but the value is high and Softbank does not have control over the company." He said the share of the company's three founders was still the largest. Half a billion dollars.
Cyprzen was founded in 2012 by Deeb, Jonathan Shtrim-Amit and Yossi Ne'ar. Apart from the offices in Tel Aviv and Tokyo, the firm also has offices in London and Boston, with a total of 300 employees. According to Deeb, about 35% of them are women.
The technology developed by the company belongs to the field of identifying sophisticated attacks. The solution is based on small software installed on every computer in the organization, and on a cloud server that concentrates all information from the end stations. The company assumes that the attacker will be able to penetrate the corporate network, but it is able to isolate the attack, to present it in a graphical interface to the company's cyber administrator - thus enabling a response and interception.
The company has large strategic clients, including Lockheed Martin and Softbank, who have invested in the company, and other organizations such as pharmaceutical companies, financial institutions and food companies. "The investment and product selection was made after testing many products, and we believe that CyberSign will be one of the leading cyber companies in the world," said Saiyoshi San, president and CEO of Softbank.
Another product that the company provides, mainly for small businesses, is a free tool to protect against ransom malware. According to Deeb, it was installed in about 300,000 people. "The reason for the development of the product was the understanding that there are a lot of small businesses that can not acquire sophisticated cyber solutions, and we can provide a free tool that also shows our capabilities," Deeb said. This product was used in the last ransom attack WannaCry, and users, as far as is known, were not injured.
"We are here to establish a large company"
The cyberspace in Israel has grown in recent years. Hundreds of companies were established, funds deepened investments in the sector, and despite the rise in the number of attacks and the threat that has been created, the word bubble has often been mentioned in the market, with the quantity of products available already harmful to the customers.
"We're not a hype company," Deeb said. "We are in a crowded market, certainly in Israel, called Cyber Nation, but in the last 18 months we have succeeded in becoming a company that is successful in selling all over the world, and we have reached an annual revenue rate of tens of millions of dollars, and we proved to investors, including Softbank, "He said. Like most start-ups, Cyprzen is not profitable, but according to Deeb, the company could be at any given moment if it stopped growing.
In the past two years, there has been a slowdown in cyber investments, and many companies have been bought into large companies, and we have been here to build a large company, and this has not happened in Israel for a long time since the Cyber Ark IPO. Growth rate, through additional distribution channels. "
Were there interesting suggestions on the way?
"We had all sorts of offers for sale on the way, but we continued, we are happy to have the opportunity to set up a large company, we are working hard for that, without committing to an IPO now."
http://www.themarker.com/technation/1.4182311
Softbank, which has already invested in CyberSense, is the sole investor in this round, which is the largest private sector in cyberspace in Israel. We have revenues of tens of millions of dollars. "According to estimates, the value of Cyprzen is more than half a billion dollars
By Eliran Rubin
21.06.2017
Save 7 Comments
From the right: Yossi Naar, Lior Dib, Yonatan Shatrim Amit
From the right: Yossi Naar, Lior Dib, Yonatan Strim, Amitroyji Suzuki
The Israeli cyber continues to swell and the sums raised are breaking records. Israeli company Cybereason today announced that Japan's Softbank had invested $ 100 million alone. This is the largest single capital raising in cyberspace in Israel, and one of the largest capital raised by Israeli start-ups in recent years. According to the company, the entire amount will go into the company's account - all in exchange for shares. This brings the company's total investment to $ 190 million.
This is not Softbank's first investment in the company. The Japanese investment giant led the previous round of Sybasezen, which took place in October 2015, which led to the establishment of the company's headquarters in Japan and entry into the Asian cyber market.
In a move that does not characterize the capital-raising dynamics of start-ups, they chose Softbank to invest again, this time alone, an additional $ 100 million without the inclusion of existing investors, including Lockheed Martin. This recruitment, according to Sabrisen, is not part of the new fund that Softbank has raised with the Saudi government for $ 93 billion.
"They came with a very good offer, so there was no need for more external investors," said Lior Dive, co-founder and CEO. "All of them were diluted with the round, but the value is high and Softbank does not have control over the company." He said the share of the company's three founders was still the largest. Half a billion dollars.
Cyprzen was founded in 2012 by Deeb, Jonathan Shtrim-Amit and Yossi Ne'ar. Apart from the offices in Tel Aviv and Tokyo, the firm also has offices in London and Boston, with a total of 300 employees. According to Deeb, about 35% of them are women.
The technology developed by the company belongs to the field of identifying sophisticated attacks. The solution is based on small software installed on every computer in the organization, and on a cloud server that concentrates all information from the end stations. The company assumes that the attacker will be able to penetrate the corporate network, but it is able to isolate the attack, to present it in a graphical interface to the company's cyber administrator - thus enabling a response and interception.
The company has large strategic clients, including Lockheed Martin and Softbank, who have invested in the company, and other organizations such as pharmaceutical companies, financial institutions and food companies. "The investment and product selection was made after testing many products, and we believe that CyberSign will be one of the leading cyber companies in the world," said Saiyoshi San, president and CEO of Softbank.
Another product that the company provides, mainly for small businesses, is a free tool to protect against ransom malware. According to Deeb, it was installed in about 300,000 people. "The reason for the development of the product was the understanding that there are a lot of small businesses that can not acquire sophisticated cyber solutions, and we can provide a free tool that also shows our capabilities," Deeb said. This product was used in the last ransom attack WannaCry, and users, as far as is known, were not injured.
"We are here to establish a large company"
The cyberspace in Israel has grown in recent years. Hundreds of companies were established, funds deepened investments in the sector, and despite the rise in the number of attacks and the threat that has been created, the word bubble has often been mentioned in the market, with the quantity of products available already harmful to the customers.
"We're not a hype company," Deeb said. "We are in a crowded market, certainly in Israel, called Cyber Nation, but in the last 18 months we have succeeded in becoming a company that is successful in selling all over the world, and we have reached an annual revenue rate of tens of millions of dollars, and we proved to investors, including Softbank, "He said. Like most start-ups, Cyprzen is not profitable, but according to Deeb, the company could be at any given moment if it stopped growing.
In the past two years, there has been a slowdown in cyber investments, and many companies have been bought into large companies, and we have been here to build a large company, and this has not happened in Israel for a long time since the Cyber Ark IPO. Growth rate, through additional distribution channels. "
Were there interesting suggestions on the way?
"We had all sorts of offers for sale on the way, but we continued, we are happy to have the opportunity to set up a large company, we are working hard for that, without committing to an IPO now."
http://www.themarker.com/technation/1.4182311
