Cyber security developer Cylance secures $20m investment round


Cylance, the “first math-based threat detection and prevention company”, has closed $20m in Series B funding from private equity firm Blackstone Group, VC firm Khosla Ventures and  technology investor Fairhaven Capital, alongside and a group of private investors.

The funding will help Cylance accelerate its artificial intelligence platform and -market strategy in the threat detection and prevention market, it said.

“Cylance has long held the belief that security isn’t rocket science, it just needs to be incredibly effective and silent  and applying math is the secret,” said Stuart McClure, CEO of Cylance. “The hacking abilities of malicious actors have far outpaced the capacity of the human defender. It¹s time for the old security models to fade out and bring in the new. We don¹t ever have to trust the vendor anymore to determine whether something is safe or not, we can just trust the math.”

Vinod Khosla, founder of Khosla Ventures, said, “The time is now to change the paradigm in security. Companies like Cylance know how to solve this problem at its core, and we will help them deliver on that vision.”

Cylance claims to be the first company to apply artificial intelligence, algorithmic science and machine learning to cyber security and address the way companies, governments and end users proactively solve the world¹s most difficult security problems.

Copyright © 2014 AltAssets