Cylance is pleased to announce that it has closed a $120 million funding round led by Blackstone Tactical Opportunities and several other investors. The financing enables Cylance to continue its rapid global expansion and extend its portfolio of market-leading cybersecurity solutions.
Cylance’s exceptional market growth came from pioneering the first machine learning powered predictive endpoint security solution and proving that it is possible to protect users from unknown cyberattacks.
According to a recent SE Labs report, with Cylance’s ‘predictive advantage,’ a company can protect endpoints from threats which may not exist for years to come. Since the company’s inception, its machine learning based approach has prevented attacks on average 25 months before the attack was launched and first discovered, giving defenders their nights and weekends back.
Furthermore, in a recent NSS Labs’ test of competing solutions, Cylance led the field proving to be over 99% effective in preventing attacks. To date, Cylance has prevented over 23 million attacks worldwide, including more than four million previously unidentified attacks. The types of attacks prevented include both known and unknown threats such as ransomware, exploit and memory attacks, fileless attacks, script-based attacks and living off the land attacks.
“Cylance has proven that artificial intelligence can defend against cybersecurity problems that were previously thought impossible to prevent,” stated Cylance CEO, Stuart McClure.
“With the most advanced application of AI in endpoint security, Cylance products continuously learn and improve over time, enabling customers to achieve a state of ‘Perpetual Prevention’ and creating a simple silence on the endpoint.”
The new funding will bolster the company’s sales, marketing and development efforts to increase market share, further expand its global footprint across Europe, the Middle East, and Asia Pacific, and extend its breadth of product offerings.
“Blackstone was an early believer (Read more...)
*** This is a Security Bloggers Network syndicated blog from Cylance Blog authored by The Cylance Team. Read the original post at: https://threatvector.cylance.com/en_us/home/cylance-extends-global-reach-with-120-million-funding-round.html