Cylance Closes $42M in Series C Funding

Funding Rounds

▤ Summary

Cylance, Inc., an Irvine, CA-based endpoint protection company applying artificial intelligence to predictively identify and stop cyber attacks before they ever execute, closed more than $42m in Series C funding.The company intends to use the funds to accelerate sales and marketing, as well as power global business expansion.The Series C round also includes new strategic investors Thomvest and DraperNexus, in addition to previous investors Blackstone, Fairhaven Capital and Khosla Ventures.Led by Stuart McClure, CEO/President and Founder, Cylance, applies artificial intelligence, algorithmic science and machine learning to cybersecurity and allows companies, governments and end users to proactively identify what is safe and what is a threat, expanding beyond what is in a blacklist or whitelist.The company’s customer list includes Energy and Oil & Gas, Healthcare, Bank and Financial Services and High-Tech companies.

$ Funding

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Amount $42.0M Total raised
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Date July 28, 2015 Announcement date
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Investors Fairhaven Capital Partners, Capital One, Kohlberg Kravis Roberts & Co. LP, Kholsa Ventures, DFJ Growth, Ten Eleven Ventures, Draper Nexus Venture Partners, The Blackstone Group LP Lead investors
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Company http://www.cylance.com Funded company

▥ Classifications

industries
HealthTech
applications
AI & Machine learning

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▦ Linked Companies

Cylance
$250M to $500M