VC funding: Cybereason, Backbone, Exo Imaging

Cybereason, Backbone, Exo Imaging, Romeo Power Technology, among others, announced their VC funding rounds from VC investors.
VC funding in technology cosCybereason

Antivirus start-up Cybereason has raised $200 million in investment from Japan’s SoftBank Group. Cybereason raised about $400 million to date. The Boston-based company, which was founded in 2012, has previously raised capital from CRV, Spark Capital and Lockheed Martin.


Backbone, a provider of workflow suite for consumer goods companies, has raised additional $10 million in investment as part of Series A2 financing led by Foundry Group. Backbone has raised $18 million in funding over 12 months. Backbone raised a total of $23 million in funding to date.

Exo Imaging

Exo Imaging, a provider of ultrasound platform based on pMUT technology and artificial intelligence (AI) for imaging and therapeutic applications, announced $35 million Series B financing round – led by Intel Capital. Other investors in Exo include Applied Ventures, Bold Capital, Creative Ventures, Longevity Vision Fund, Magnetar Capital, Nautilus Venture Partners, OSF Healthcare, Rising Tide Fund, Sony Innovation Fund, and Wanxiang Healthcare Investments.


British health technology start-up Babylon has raised $550 million in an investment round backed by Saudi Arabia’s sovereign wealth fund. The London-based company said it was worth $2 billion following the fundraising, which also saw German reinsurer Munich Re’s ERGO Fund and an undisclosed U.S. health insurer — which a Sky News reportidentified as Centene — invest.

Romeo Power Technology

HG Ventures announced its investment in Romeo Power Technology, a provider of power systems for electric vehicles (EV).

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