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Cybereason raises $120M as Chainguard reportedly eyes $350M round

  • Cybereason has closed a $120 million funding round led by SoftBank Group Corp., SoftBank Vision Fund 2, and Liberty Strategic Capital.
  • The funding will support the growth of Cybereason's XDR platform, which uses artificial intelligence to detect cyberattacks across various devices and technology assets.
  • Cybereason has appointed Manish Narula as its new CEO, succeeding former CEO Eric Gan.
  • Chainguard, a cybersecurity startup, is reportedly in talks about a $350 million investment from Kleiner Perkins, following its previous $140 million Series C raise.

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