Cut valuation >90% to ~$300M in a 2023 SoftBank-led round, losing unicorn status; later acquired by LevelBlue.
The rise & fall
6 moments · 2012–2025
The key moments.
2012
🌱
2012
Founded by ex-intelligence operatives
Israeli ex-intelligence hands build an endpoint-defense platform, later run from Boston.
Wikipedia
2019
🦄
2019
Joins the unicorn club
A SoftBank-led round values the endpoint-security firm north of $1B.
TechCrunch
Jul 2021
📈
Jul 2021
The peak: $3.3B, IPO in sight$3.3B
A Liberty Strategic Capital round values it at $3.3B, and the company openly preps a roughly $5B listing.
Axios
2022
2022
IPO scrapped, buyer hunt begins
The downturn kills the ~$5B listing; repeated layoff rounds follow as the company shops itself.
Calcalist
Apr 2023
💔
Apr 2023
A >90% down round — out of the club$300M
SoftBank leads new money at about $300M — a tenth of peak — the CEO is replaced, and unicorn status is gone.
Axios
2025
2025
Folded into LevelBlue
The once-soaring firm is absorbed into managed-security provider LevelBlue.
Crunchbase
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)
