Endpoint Security Company Announces $120 Million Funding Round

Cylance Inc., an endpoint security firm delivering AI-based threat prevention, closed a $120 million funding round led by funds managed by Blackstone Tactical Opportunities.

The company’s  predictive endpoint security solution uses machine learning to protect clients from unknown cyberattacks. According to a recent SE Labs report, with Cylance’s “predictive advantage,” a company can protect endpoints from threats which may not exist for years. Since the company’s inception, its machine learning-based approach has prevented attacks 25 months before attacks were launched.

Cylance plans to use the new funding to bolster its sales, marketing, and development efforts to increase market share, further expand its global footprint across Europe, the Middle East, and Asia Pacific, and extend its product offerings.