Cylance Raises $120M in Series E

Cylance has successfully raised $120M in a Series E at a $1B valuation led by Blackstone, Draper Nexus.

Company Overview

Cylance is a Cybersecurity company headquartered in Irvine, CA, founded in 2012 with 1000+ employees.

AI-driven endpoint security

Fundraising Details

- Amount Raised: $120M
- Round Type: Series E
- Valuation: $1B
- Date: 2024-06-01
- Investors: Blackstone, Draper Nexus

About Cylance

AI-driven endpoint security The company is positioned in the Cybersecurity sector, serving a growing market with innovative solutions.

Key Information

- Headquarters: Irvine, CA
- Founded: 2012
- Team Size: 1000+
- Industry: Cybersecurity

What This Means

This funding round demonstrates strong investor confidence in Cylance's vision and execution. The capital will likely be used to:

- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities

Industry Context

The Cybersecurity sector continues to attract significant investment as companies innovate to meet evolving market demands. Cylance's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $1B valuation marks an important milestone for Cylance, positioning the company among notable players in the Cybersecurity industry.

Looking Ahead

With this new capital, Cylance is well-positioned to execute on its growth strategy and continue building innovative solutions in the Cybersecurity space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.

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This fundraising news was reported on 2024-06-01. For more information about Cylance, visit their headquarters at Irvine, CA.