Google Cloud Invests In Cybereason XDR Security Software: Report

Google Cloud has invested $50 million in Cybereason, an XDR (eXtended Detection and Response) security software company that has been building close relationships with MSPs and MSSPs.

Details about the Google Cloud investment in Cybereason first surfaced on VentureBeat. MSSP Alert has reached out to the cloud company and security company for additional comment, but has not independently confirmed the initial report.

Cybereason: Potential Path to IPO?

The XDR security software company appears well-funded and could be gearing up for a potential IPO (initial public offering). Earlier this year, Cybereason raised $275 million in Series F funding, led by private equity and venture capital firm Liberty Strategic Capital.

The apparent Google Cloud investment surfaces amid the development of Cybereason XDR powered by Google Chronicle, a  cloud-native service “automates prevention for common attacks, guides analysts through security operations and incident response, and enables threat hunting with precision at a pace never before achieved,” the two companies assert.

The cloud security service was announced at the Google Cloud Next 2021 virtual conference in mid-October 2021.

Cybereason: Key Partner Program Milestones and Hires

Both Cybereason and Google Cloud have been expanding their MSSP relationships.

Cybereason in July 2021 launched The Cybereason Defenders League partner program. Also, the company in April 2021 unveiled a North American MSSP partner program. The partner programs surfaced after Cybereason in February 2021 hired several executives as part of its efforts to grow its channel partnerships. These hires included

Google Chronicle Security Partner Ecosystem

Meanwhile Google Chronicle partners include such MSSPs and MDR (managed detection and response) service providers as Critical Start, Cyderes, Deloitte, ElevenPaths, and Herjavec Group,

Also, key Chronicle integrations span BlackBerry Cylance, CrowdStrike, Fortinet, Palo Alto Networks, Tanium and VMware Carbon Black, among others.

Still, Google Cloud rivals such as Amazon Web Services (AWS) and Microsoft have also been building out their MSSP partner programs. Indeed, Amazon announced a Level 1 MSSP Competency for AWS Partners in August 2021.