纳斯达克私人市场

2023年4月30日

2021年以色列网络安全公司IPO的边缘以50亿美元的估值,经历了从地狱,包括首席执行官,数百名员工的解雇,估值大幅下降梅尔Orbach Cybereason的故事说明了一个具有挑战性的和痛苦的过程,发生在以色列高科技产业。后在2021年的IPO的边缘,Cybereason已经看到其CEO辞职,数百名员工被解雇,以及有效地得到软银接管了其主要投资者,同时经历值下降90%。成立于2012年,首席执行官Lior Div, Yonatan Striem-Amit,和Yossi Naar Cybereason Crowdstrike SentinelOne,等与公司提供各种各样的服务包括ransomware保护和预防恶意软件的攻击。而在美国市场占主导地位,Cybereason尤为成功在日本由于其连接与日本软银。(来源:Cybereason) Cybereason技术使完整的网络攻击图的显示在一个屏幕上,而不是通过数百种不同的警报。的帮助下实时收集大量的信息,产品标识可疑行为,提出了一系列事件在一个简单和直观的界面。平台允许组织持续监测他们的各种系统,以及识别、调查、隔离和阻止攻击之前对组织造成损害。在其11年的运作,公司已经筹集了8.5亿美元,主要投资者是软银。公司的重大成就在2021年公司的一轮融资,其筹集了3.25亿美元,由美国前财政部长史蒂文Mnuchin自由投资基金的战略资本。Neuberger Berman,欧文和软银也参加了。 The company was ultimately valued at approximately $3.1 billion and even filed a prospectus for an IPO that year, expecting a valuation of $5 billion. However, the economic turmoil of 2022 caught the company by surprise and changed this trajectory. Amidst a global economic downturn, Cybereason, which at its peak employed about 1,500 workers, was forced to concede that it had over-hired employees, at very high wages. What's more, SoftBank, which was hit hard by its massive investment in WeWork, made it clear to all companies in which they invested that they would need to make immediate and massive cuts. Cybereason has since carried out two large rounds of layoffs, parting ways with a total of more than 300 employees, in addition to further significant cuts. Related articles: Earlier this month, it raised $100 million from SoftBank and Lior Div announced that he was resigning as CEO, and would be replaced by Eric Gan, a SoftBank executive with deep knowledge of the company. Div said that the company had enjoyed an excellent final quarter and that he was resigning because the time had come for a new venture. However, according to a Delaware stock authorization form first noticed by Nasdaq Private Market and reported by Axios, the new Series G shares were sold at a price more than a 90% lower than the round in 2021, meaning the company is now being valued at between $300-400 million. An analysis of the company's numbers reveals the real reason for the decline in value. At its peak, the value of the company was estimated at about $3 billion, 30 times its revenue of about $100 million. This may have been a fair calculation during the tech bubble, but not during the recession with mounting interest rates and an unforgiving investor in SoftBank. Even after having to lay off about 300 of its employees, the company still has about 1,000 employees that it needs to pay salaries to, and the postponement of the IPO led it to raise funding at almost any cost. In its recent $100 million round, the company actually adjusted to the new multipliers that stand at single-digits of 5 or 7 on revenue. Following the disclosure of the company's drop in value, Cyberseason’s new CEO Eric Gan responded that the value of the company is not important: "At this stage, the shareholders also agreed that the valuation is not really relevant, in light of the focus on promoting Cyberereason," he said. "The company completed a real funding round, in accordance with its goals, and raised no more than it believes it needs, thus limiting the dilution of its value." Nevertheless, if SoftBank feels that Cybereason has no future, a sale at a loss could potentially mark the end of the company's journey. TAGS