Cybereason
Cybersecurity / endpoint securityUSA
✂️ Markdown
Peak $3.3 BillionToday
~-91%
from peak
- 🦄Became a unicorn2019
- 📈Peak valuation$3.3 Billion ’21
- 💔Became a Unitard2023
- 💸Last valuation~$297M
Current status
Cut valuation >90% to ~$300M in a 2023 SoftBank-led round, losing unicorn status; later acquired by LevelBlue.
How it happened
Cybereason, an endpoint-security firm founded by Israeli ex-intelligence operatives and run from Boston, was a SoftBank-backed darling that reached a $3.3B valuation in July 2021 and openly prepared for a roughly $5B IPO. The 2022 downturn upended those plans: it scrapped the IPO, hunted for a buyer and laid off staff in repeated rounds. In April 2023 it raised a SoftBank-led round that slashed its valuation more than 90% to about $300M, stripping its unicorn status, and the once-soaring company was later folded into LevelBlue.
Source: Axios / Calcalist / Crunchbase ($3.3B valuation July 2021 with Liberty Strategic Capital; >90% down round to ~$300M April 2023 via SoftBank, CEO replaced; scrapped ~$5B IPO; later acquired by LevelBlue)
