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There seems to be a lot going on at cybersecurity unicorn .

The Boston-based startup announced a $100 million investment led by , along with a CEO change.

Executive Vice President of SoftBank will now serve as the company’s CEO — pending board and regulatory approvals — with , current CEO and co-founder, transitioning to  the role of adviser.

The news comes after in October that the company hired to find a buyer for the company. 

It has been the company has had two rounds of layoffs, cutting 100 jobs in June and then another 200 in October.

Big money

It was just more than a year ago that the company confidentially filed for an initial public offering that would have valued it at more than $5 billion, at the time.

It was less than two years ago that Cybereason was raising big money at an even bigger valuation. In July 2021, the startup announced it had raised $275 million in a financing led by , the fund started by former U.S. Treasury Secretary .

No valuation was given by the company, but reports at the time in both the newspaper in Israel and said the round valued the company at about $3.1 billion. 

Cybereason’s platform offers a full array for protection, including endpoint detection and response and extended detection and response. XDR platforms are highly scalable and offer companies better visibility in network and application communication. XDR solutions can read and group related alerts and build timelines concerning attacks by evaluating data found on activity logs.

Threat detection and response capabilities across endpoints and the network has become even more important with so many people working from home and expanding the attack surface available to bad actors.

Cybereason is one of the best-funded startups in cybersecurity, with more than $800 million raised, per Crunchbase data.

Now the question is: What will investors get for all that money?

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