What does Cylance do?
Cylance, is the 1st cyber security company to successfully apply AI algorithms for predictively identifying and stopping malware and advanced threats. The company is a global provider of cyber security services and products for solving the most difficult security problems in the world. The company is improving the way governments, companies and end users are proactively solving the most difficult security issues in the world. The company uses a breakthrough mathematical process, and with this it quickly and accurately identifies what is safe and what is a threat. The company combines machine learning and sophisticated math with a unique understanding of hacker’s mentality and provides the tech and services to be very predictive and preventive against advance threats.
How much Cylance was funded?
The company raised $100M in Series D on June 8, 2016 from KKR & Co. (Kohlberg Kravis Roberts & Co.), Khosla Ventures, Ten Eleven Ventures, DFJ Growth, Fairhaven Capital Partners, Dell Ventures, Insight Venture Partners, Capital One Growth Ventures and Blackstone Tactical Opportunities.
$15M in Series A on February 13, 2013 from Fairhaven Capital Partners and Khosla Ventures
$20M in Series B on February 20, 2014 from Fairhaven Capital Partners, The Blackstone Group and Khosla Ventures
$42M in Series C on July 28, 2015 from DFJ Growth, Dell Ventures, KKR & Co. (Kohlberg Kravis Roberts & Co.), Draper Nexus Ventures, Ten Eleven Ventures and Capital One Growth Ventures
What is next for Cylance?
Cylance plans to use the latest funding for supporting the company’s rapid business growth by expanding marketing, sales and engineering programs for its endpoint protection go to market strategies.
More about Cylance
Cylance was founded on July 4, 2012 by Stuart McClure and Ryan Permeh. It has its headquarters in Irvine, California. The company provides preventive and predictive services and technology which work against advanced threats.