Cybereason Announces Strategic Executive Hires and Successful Funding Round to Drive Global Growth

Cybereason appoints Manish Narula as Chief Financial Officer and Gregory Puff as General Counsel

BOSTON, Sept. 21, 2023 /PRNewswire-PRWeb/ -- Cybereason, the leader in future-ready attack protection, announced today the strategic appointments of Manish Narula as Chief Financial Officer (CFO) and Gregory Puff as General Counsel. The company also announced the successful expansion of its latest funding round, initially announced on April 23, 2023, bringing the total round to $120 million, led by SoftBank Corp., with additional backing from multiple existing investors and a significant cash investment from Eric Gan (CEO), to scale its global operations and solidify its position as a leader in the prevention, detection, and response space.

Manish joins Cybereason with over 18 years of experience in driving strategic transformations in the technology space, most recently serving as an Investment advisor for SoftBank Corp. Previously, he served as CFO at Treasure Data, an enterprise customer data platform provider, Vice President of Corporate Development for Arm, a leading semiconductor IP company and previously spent number of years leading acquisitions and investments at Microsoft.

Gregory most recently served as a Partner and Deputy General Counsel for SoftBank Investment Advisors. Previously, he was a Managing Partner at law firm Akin Gump Strauss Hauer & Feld LLP. As general counsel, Puff has responsibility for the strategic direction and coordination of Cybereason's legal activities worldwide.

"We are thrilled to welcome Manish Narula and Gregory Puff to the Cybereason executive team," said Eric Gan, Cybereason CEO. "Their extensive expertise and leadership will play a vital role in driving strategic initiatives and bolstering our commitment to delivering best-in-class cybersecurity solutions to combat modern cyber attacks."

In conjunction with the executive appointments, Cybereason also announced the expansion of its latest funding round. Initially reported in April 2023, the funding round, led by SoftBank Corp., received overwhelming interest from investors. To accommodate the strong demand and capitalize on the company's growth opportunities, Cybereason increased the round size and secured additional funding from multiple existing investors.

Manish Narula, the newly appointed Cybereason CFO, commented on the expanded funding round, stating, "We are humbled by the immense support and confidence demonstrated by our investors. The overwhelming demand validates Cybereason's position as a leader in the cybersecurity industry. With this expanded funding, we are well-equipped to fuel our continued innovation, accelerate product development, and expand our global reach."

About Cybereason                                                                                                                            
Cybereason is the leader in future-ready attack protection, partnering with Defenders to end attacks at the endpoint, in the cloud, and across the entire enterprise ecosystem. Only the AI-driven Cybereason Defense Platform provides predictive prevention, detection, and response that is undefeated against modern ransomware and advanced attack techniques. The Cybereason MalOptm instantly delivers context-rich attack intelligence across every affected device, user, and system with unparalleled speed and accuracy. Cybereason turns threat data into actionable decisions at the speed of business. Cybereason is a privately held international company headquartered in Boston with customers in more than 50 countries.

Forward-Looking Statements

This press release contains forward-looking statements. The words "believe," "may," "will," "potentially," "estimate," "continue," "anticipate," "intend," "could," "plan," "expect," and similar expressions that convey uncertainty of future events or outcomes are intended to identify forward-looking statements. These forward-looking statements include, but are not limited to, statements concerning the following: (i) whether or not the conditions to closing upon some or all of the Financing occur and/or if the Financing occurs at all (in whole or in part), (ii) whether or not regulatory approvals are obtained and/or events conditioned on the receipt of regulatory approvals occur at all, (iii) the potential for growth in the market for cloud-based security solutions (domestically and internationally) and future cybersecurity spending; (iv) our business plan and our ability to effectively manage our growth; (v) anticipated trends, growth rates and challenges in our business and in the markets in which we operate; and (vi) the ability of the Company to manage costs and find efficiencies and the sufficiency of our cash to meet our cash needs.

These forward-looking statements are subject to a number of risks, uncertainties. It is not possible for the Company to predict all risks, nor can the Company assess the impact of all factors on its business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. In light of these risks, uncertainties, and assumptions, the forward-looking events and circumstances discussed in this press release may not occur and actual results could differ materially and adversely from those anticipated or implied in the forward looking statements. The forward-looking statements made in this press release relate only to events as of the date on which the statements are made. We undertake no obligation to update publicly any forward-looking statements for any reason to conform these statements to actual results or to changes in our expectations. In addition, statements that "we believe" and similar statements reflect our beliefs and opinions on the relevant subject. These statements are based upon information available to us as of the date of this press release, which may be limited or incomplete, and our statements should not be read to indicate that we have conducted an exhaustive inquiry into, or review of, all potentially available relevant information. These and all other forward-looking statements are inherently uncertain and should not be relied upon.

Media Contact

Maranda Cigna, Cybereason, 414-217-8821, [email protected]

SOURCE Cybereason