On Wednesday, Boston-based startup Cybereason Inc. announced a $100 million round of investment, catapulting it into the top tier of companies fighting to be the next dominant players in the rapidly changing world of cybersecurity.
Cybereason has been growing so fast that Mayor Marty Walsh stopped by the company's Copley Square offices last month, but it almost never landed in Boston at all.
When founder and CEO Lior Div, formerly a member of an elite Israeli military intelligence unit, was looking to expand the company from Tel Aviv to the U.S., the Boston area was barely on his radar. But a network of other Israeli cybersecurity companies that had previously made the leap across the Atlantic to the Boston area — led by CyberArk Software Ltd. (Nasdaq: CYBR) — convinced Div it was the right place to be, and Cybereason moved its headquarters to Cambridge in 2014 before heading to Boston.
Since then, the relationship between Israel and Massachusetts, two of the world's most active cybersecurity hubs, has only strengthened, thanks in part to trade missions like the one Gov. Charlie Baker took to Tel Aviv last December.
"The Boston and Israeli cyber industries are deeply tied," David Goodtree, a board member of the New England-Israel Business Council, said in an email. "But Boston faces heavy competition with Silicon Valley and NY to win relationships with Israeli companies as they expand to the U.S. Even though the Boston cyber sector is mighty, the perception of our strength lags the reality. Our cyber story is too stealth for its own good."
A New England-Israel Business Council report from last year found that Israeli-founded companies overall generated $9.3 billion in in-state revenue in 2015 and employed nearly 9,000 workers. And Massachusetts tech giants Akamai, IBM Security, Raytheon and RSA all maintain R&D offices in Israel.
|Source: https://pixabay.com/en/castle-privacy-policy-security-538722/ Author: geralt|