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July 14, 2021
Cadwalader is advising Cybereason on its receipt of $275 million in crossover financing led by Liberty Strategic Capital, with additional backing provided by Neuberger Berman and Softbank.
Cybereason, the leader in operation-centric cyber attack protection, will use the proceeds to continue to fuel the company’s hypergrowth driven by strong market demand for its AI-powered Cybereason Defense Platform. This round follows $389 million in prior funding from Softbank Group, CRV, Spark Capital and Lockheed Martin.
In connection with Liberty’s investment in Cybereason, former U.S. Treasury Secretary Steven Mnuchin will join the Cybereason Board of Directors, and Liberty’s Senior Advisor General Joseph F. Dunford (Ret.), who served as the 19th Chairman of the Joint Chief of Staff (2015-2019), will join the Cybereason Advisory Board.
The investment was announced on CNBC. The Cybereason announcement can be found here.
The Cadwalader team was led by partner Ira Schacter and included Jodi Avergun, Joel Mitnick and Linda Swartz providing regulatory, antitrust and tax advice.