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factory
Cybereason
corporate_fare
Security
where_to_vote
Boston
paid
Funding Stage - Series F
person
Layoff Count - 100

Posted on August 04, 2022

Cybereason laying off 100 employees in Israel, U.S. and Europe

Cybereason laying off 100 employees in Israel, U.S. and Europe

Earlier this year, Cybereason confidentially filed for a U.S. initial public offering that could value it at more than $5 billion. Cybereason, which is backed by SoftBank's Vision Fund 2 and Alphabet Inc's Google Cloud unit, as well as former U.S. Treasury Secretary Steven Mnuchin's investment firm Liberty Strategic Capital, has finalized underwriters for its IPO, which could come in the second half of the year.
Cybereason, which was founded in 2012 by three Israeli partners, Lior Div, Yonatan Striem-Amit, and Yossi Naar, was valued at roughly $3 billion when it raised $275 million from investors last year. It has raised nearly $750 million from investors to date.