Google Cloud funds $50 million in Cybereason

By VARINDIA - 2021-10-21

Google Cloud funds $50 million in Cybereason

Google Cloud has invested a $50 million investment in Cybereason. It extends the series F round that Cybereason announced in July from $275 million to $325 million, making Cybereason one of the best-funded startups in the cybersecurity industry with over $713 million in capital.

 

The infusion of cash comes after Cybereason and Google Cloud entered into a strategic partnership to bring to market a platform - Cybereason XDR, powered by Chronicle - that can ingest and analyze “petabyte-scale” telemetry from endpoints, networks, containers, apps, profiles, and cloud infrastructure. Combining technology from Cybereason, Google Cloud, and Chronicle, the platform scans more than 23 trillion security-related events per week and applies AI to help reveal, mitigate, and predict cyberattacks correlated across devices, users, apps, and cloud deployments.

 

Chronicle launched two years ago as a division within Google parent company Alphabet focused on cybersecurity. In addition to housing VirusTotal, a virus-scanning tool Google acquired in 2021, it develops machine learning-powered software to analyze stores of data to detect cyberthreats ostensibly more precisely than traditional methods.

 

Cybereason - which made waves in June 2019 after uncovering an espionage campaign involving major telecom companies - was founded in 2012 by Lior Div, Yonatan Striem-Amit, and Yossi Naar and emerged from stealth in 2014 with $4.6 million in funding. Many of its employees served in the Israel Defense Forces’ 8200 unit, an elite group of the Israeli military specializing in cybersecurity and reconnaissance.

 

The company’s platform helps prevent malware and ransomware across enterprise networks through behavioral analysis, heuristics, AI, and machine learning. Cybereason relays data from network endpoints in real time, contextualizing security alerts with related attack elements like the root cause, affected machines and users, and incoming and outgoing communications. It also analyzes binaries for different warning signs and provides filters, tools, and functions to correlate anomalies affecting users or machines going back months or years.

 

Using Cybereason, IT teams can create rules and behavioral whitelists that kick off remediation actions for attacks. They can also tap the company’s external monitoring team with assistance in investigating the scope of intrusions, resolving misconfigured services, and detecting the presence of critical security updates.


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