Connect with us

Hi, what are you looking for?


Cybersecurity Funding

Cylance Raises $42 Million In Series C Funding

Cylance, an Irvine, California-based threat protection firm, has lined its pockets with new cash, thanks to a $42 million Series C funding round led by DFJ Growth.

Cylance, an Irvine, California-based threat protection firm, has lined its pockets with new cash, thanks to a $42 million Series C funding round led by DFJ Growth.

Announced on Tuesday, Cylance said the capital investment would be used to accelerate sales and marketing, and help support business expansion globally.

The company says that it currently profitable, growing more than 400 percent year-over-year, and lists Fortune 500 customers including 20 of the top Energy and Oil & Gas companies, 34 of the top Healthcare companies, 43 of the top Bank and Financial Services companies and 46 of the top High-Tech companies in the world.

The company’s flagship endpoint security product, CylancePROTECT, takes a mathematical and machine learning approach to identifying and containing zero day and advanced attacks. 

“The use of math and machine learning in enterprise security has tremendous potential. Cylance brings a unique methodology and lens to the market, which we are eager to watch as IT infrastructures and threats continue to evolve,” customer Tony Spinelli, senior vice president and chief information security officer of CapitalOne, said in a statement.

New investors Thomvest and DraperNexus, in addition to previous investors Blackstone, Fairhaven Capital and Khosla Ventures participated in the round. Other investors, including KKR, Dell Ventures, CapitalOne Ventures and TenEleven Ventures, also participated in the funding.

As part of the deal, Cylance said Mark Bailey, former senior Symantec executive and DFJ Growth co-founder and managing director, will join the Cylance board of directors.

Advertisement. Scroll to continue reading.

Written By

For more than 10 years, Mike Lennon has been closely monitoring the threat landscape and analyzing trends in the National Security and enterprise cybersecurity space. In his role at SecurityWeek, he oversees the editorial direction of the publication and is the Director of several leading security industry conferences around the world.

Click to comment

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest threats, trends, and technology, along with insightful columns from industry experts.

SecurityWeek’s Threat Detection and Incident Response Summit brings together security practitioners from around the world to share war stories on breaches, APT attacks and threat intelligence.


Securityweek’s CISO Forum will address issues and challenges that are top of mind for today’s security leaders and what the future looks like as chief defenders of the enterprise.


Expert Insights

Related Content

Application Security

Cycode, a startup that provides solutions for protecting software source code, emerged from stealth mode on Tuesday with $4.6 million in seed funding.

Cybersecurity Funding

SecurityWeek investigates how political/economic conditions will affect venture capital funding for cybersecurity firms during 2023.

Identity & Access

Zero trust is not a replacement for identity and access management (IAM), but is the extension of IAM principles from people to everyone and...


Thirty-five cybersecurity-related M&A deals were announced in February 2023


Forty cybersecurity-related M&A deals were announced in January 2023.


Seventeen cybersecurity-related M&A deals were announced in the first half of February 2023.


More than 450 cybersecurity-related mergers and acquisitions were announced in 2022, according to an analysis conducted by SecurityWeek

Cybersecurity Funding

Network security provider Corsa Security last week announced that it has raised $10 million from Roadmap Capital. To date, the company has raised $50...