Cylance valued $1 billion

cylance

Cylance, a cyber-security start-up trying to upend the old world of antivirus software, has raised $100 million from investors including private equity firm Blackstone and Insight Venture Partners. The fundraising values the company at $1 billion, up more than threefold from $300 million last year…  Cylance uses artificial intelligence to detect threats to computers and other devices, rather than simply comparing viruses with lists of already known malicious software… Cylance’s fundraising came after a period when venture capitalists appeared to be holding back from backing cyber-security companies. The pause came after VCs spent two to three years pouring cash into start-ups in the sector in the hope that they could solve customers’ cybersecurity problems and earn them millions in the meantime.

 

Hannah Kuchler

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