Cybersecurity Company Cylance Closes $100M Series D Round with Citi Ventures

cylanceCylance, Inc., an Irvine, CA-based cybersecurity company, closed its $100m Series D funding round with strategic partner Citi Ventures.

Insight Venture Partners and funds managed by Blackstone Tactical Opportunities led the round.

Led by president and CEO Stuart McClure, Cylance applies artificial intelligence algorithms to predictively identify and stop malware and advanced threats. It allows companies, governments and end users to proactively solve difficult security problems using a mathematical process that allows them to accurately identify what is safe and what is a threat, expanding beyond what is in a blacklist or whitelist.

The company, which has three patents, with five patents pending, serves 1000+ customers, including 50 of the Fortune 500 in USA, UK, Nordic, Australia/New Zealand, Latin American and Japanese markets. It currently employs 425 people.



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