Cylance, an Irvine, California-based cybersecurity startup that taps machine-learning and artificial intelligence (A.I.) to thwart malware, has raised $100 million in a Series D round led by Blackstone Tactical Opportunities and Insight Venture Partners, with participation from the company’s existing investors.
Founded in 2012 by Stuart McClure, who sold an Internet security company to McAfee for $86 million eight years previous, Cylance had raised around $77 million before now, including a $42 million round last July and $20 million the previous year.
McClure has an interesting background — his venture into the security realm was influenced by a deadly plane crash he was involved in back in 1989, one which resulted in the death of nine passengers. The event was apparently caused by a flaw in the Boeing 747’s locking mechanism — a known fault that the company ignored. This episode resonated with McClure’s view of cyber attacks: Many of them are the result of known weaknesses.
Cylance claims that 1,000 customers are using Cylance’s smarts to protect themselves from zero-day attacks and other advanced security infiltrations, but it isn’t the only company using A.I. to improve online security. Israel-basedFortscale uses machine learning and big data analytics to detect malicious user behavior, while Jask and Darktrace are using similar smarts. For the full article click here
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