Thursday, February 20, 2014
Cylance Gets $20M For Security Tools
Irvine-based cybersecurity software developer Cylance announced today that it has raised $20M in a Series B funding, which came from Blackstone, Khosla Ventures, Fairhaven Capital and un-named private investors. Cylance says it is developing endpoint protection software which uses "math-based" and artificial intelligence technology to detect and prevent security issues. Cylance is led by Stuart McClure, who was previously at McAfee/Foundstone. Cylance says it is applying artificial intelligence, algorithmic science and machine learning to cyber security. The announcement is the second big piece of security-based news out of Irvine today: another cybersecurity firm with roots at Foundstone--CrowdStrike--announced its own endpoint security efforts this morning. Cylance's McClure was a founder at Foundstone, and later became EVP, Global CTO and General Manager of the Security Management Business Unit for McAfee/Intel, after Foundstone was acquired by McAfee in 2004. Crowdstrike is led by George Kurtz, also a founder of Foundstone, and who was CTO and GM at McAfee/Intel. More information »