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 round was led by DFJ Growth, with participation from KKR, Dell Ventures, CapitalOne Ventures and TenEleven Ventures. In conjunction with the funding, Mark Bailey, former senior Symantec executive and DFJ Growth co-founder and managing director, will join Cylance’s board of directors.
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.