Blackstone, Khosla Ventures, Fairhaven Capital and Private Investors Put $20 Million into Series B Funding Round
Cylance, an Irvine, California-based company focused on threat detection and prevention solutions, today announced it has closed $20 million in Series B funding.
According to the company, the additional cash will be used to accelerate its security platform and go-to-market strategy in the endpoint security market.
Earlier this week, the company released CylancePROTECT, a new offering that the company says takes a “mathematical and machine learning approach to stop the execution of malware on endpoint computers and mobile devices.”
According to Cylance, its technology applies algorithmic science to security, resulting in a new threat detection model that can determine what is safe and what is a threat in the broadening “grey list” spectrum of unknown data, without the use of traditional means such as signatures, rules, behavior, heuristics, whitelists or sandboxing.
The Series B funding round was supported by Blackstone, Khosla Ventures, Fairhaven Capital and a group of private investors.
“Cylance has long held the belief that security isn’t rocket science, it just needs to be incredibly effective and silent – and applying math is the secret,” said Stuart McClure, CEO of Cylance. “The hacking abilities of malicious actors have far outpaced the capacity of the human defender. It’s time for the old security models to fade out and bring in the new. We don’t ever have to trust the vendor anymore to determine whether something is safe or not, we can just ‘trust the math’.”
Managing Editor, SecurityWeek.Previous Columns by Mike Lennon:CloudLock Launches Selective Encryption SolutionPindrop Security Combines Voice Biometrics and Phoneprinting to Detect Fraud Cylance Closes $20 Million Funding RoundCrowdStrike Adds Real-Time Forensics Through Endpoint Monitoring AppUniversity of Maryland Hacked: Attackers Steal 309,000 Records of Faculty, Staff, Students
Tags: Network Security