Cylance Swiftly Surpasses $100M Revenue

Cylance® today announced that it had surpassed $100M in trailing 12-month GAAP revenue in 2017. This represents 177 percent year-over-year growth due to the unwavering and fanatical support of over 3800 enterprise customers.

With this achievement, and thanks to rapid adoption among its customers who share the belief that prevention is possible, Cylance is one of the fastest growing security companies in history. The milestone took Cylance only 39 months to reach from the moment it first shipped its flagship product, CylancePROTECT®.

The below graph illustrates Cylance’s growth rate compared to a selection of other publicly traded technology companies and the time they took to reach $100M in annual revenues, measuring from the time the first product shipped:

Cylance was founded on the principle that security should be proactive and easy to manage. We are the first to apply AI to endpoint protection (EPP) and endpoint detection and response (EDR) markets. Eighty-seven of the Fortune 500 have adopted Cylance’s prevention platform to eliminate breaches, meet regulatory requirements and optimize security resources.

Customers have replaced numerous layers of security at the endpoint including legacy antivirus with Cylance, which is based on three core capabilities:

  • CylancePROTECT prevents breaches and defeats new “zero-day” attacks
  • CylanceOPTICS™ is the only next gen EDR solution to use AI to combat unknown attacks
  • The Cylance Platform transforms security from reactive to preventive

Cylance customers include Dell, Panasonic, The Gap Inc., Noble Energy, National Hockey League Players Association (NHLPA), Partners in Health, Salesforce, Sysco Foods, and the United Service Organizations (USO), among many more.

“After we switched from our legacy antivirus solution and started using Cylance, we could reduce the workload on our security team considerably,” said Stephen Frank, of the National Hockey League Players Association.

“We used to require three people to manage the old solution (Read more...)

This is a Security Bloggers Network syndicated blog post authored by The Cylance Team. Read the original post at: Cylance Blog