Boston/ Retail & Industry
Published on August 15, 2019
Boston funding news: Consumer electronics tops recent local investmentsPhoto: Cybereason/Facebook

Boston-based network security and real-time company Cybereason has secured $200 million in Series E funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced August 5 and led by SoftBank.

According to its Crunchbase profile, "Cybereason is the leader in endpoint protection, offering endpoint detection and response, next-generation antivirus, and managed monitoring services. Founded by elite intelligence professionals born and bred in offense-first hunting, Cybereason gives enterprises the upper hand over cyber adversaries. The Cybereason platform is powered by a custom-built in-memory graph, the only truly automated hunting engine anywhere."

The eight-year-old company has raised four previous funding rounds, including a $100 million Series D round in 2017.

The round brings total funding raised by Boston companies in consumer electronics over the past month to $204 million. The local consumer electronics industry has seen 16 funding rounds over the past year, securing a total of $275 million in venture funding.

In other local funding news, clean energy and energy management company Nature Inc. announced a $4.5 million funding round on August 1.

According to Crunchbase, "Nature transforms the operation of room air conditioners (ACs) to improve comfort and efficiency for consumers while reducing energy demand peaks for utilities with simple, inexpensive, and easy-to-install device. Their product is cost-effective and can be used anywhere in the world, unlike other existent smart thermostats."

The company has raised four previous rounds, including a $914,083 round in 2018.


This story was created automatically using local investment data, then reviewed by an editor. Click here for more about what we're doing. Got thoughts? Go here to share your feedback.