Lockheed Martin invests in Israeli cyber-security start-up
The Israeli arm of global defence company Lockheed Martin has invested £6.55 million in local cyber-security start-up Cybereason, as part of a £16.37 million series B fundraising round announced on Wednesday.
The investment marks Lockheed's decision to start using the firm's software for its 120,000 endpoint users, and resell the solution to its own customers.
Cybereason, which already has clients in defence, finance, manufacturing and pharmaceutical, offers real-time detection and response software for enterprise. The software monitors enterprise networks in real-time, analysing the data and flagging alerts on suspicious activities to administrators.
Lockheed Martin opened its Israel offices last year and is expected to expand its 40 person R&D centre in Tel Aviv. The firm is also reportedly doubling its workforce and moving to a bigger office in Boston.