Charlesbank Capital Partners, Claridge Israel, Elbit Systemsto to invest $70m in Cyberbit.

Private equity firms Charlesbank Capital Partners and Claridge Israel and Elbit Systems, an Israel-based international defense electronics company, agreed to invest $70m in Cyberbit, a provider of cyber range platforms for training cybersecurity professionals. “We are experiencing record demand for our cyber range as organizations recognize the importance of real-world cyberattack simulation to assess and prepare their security teams. The investment from Charlesbank will allow us to solidify our position as a best-of-breed product and allow us to accelerate our global expansion,” Adi Dar, Cyberbit CEO.