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Cybersecurity Funding

Malwarebytes Raises $100 Million From Vector Capital

Cybersecurity solutions provider Malwarebytes on Wednesday announced that it has received a $100 million minority investment from Vector Capital, which brings the total raised by the company to $180 million.

Cybersecurity solutions provider Malwarebytes on Wednesday announced that it has received a $100 million minority investment from Vector Capital, which brings the total raised by the company to $180 million.

Founded in 2008, the Santa Clara, California-based company provides businesses and consumers with real-time threat detection and prevention solutions that leverage deep threat intelligence, artificial intelligence, and machine learning.

Malwarebytes says it will use the new funds to expand product portfolios, accelerate momentum with channel partners, and grow its managed service provider (MSP) business.

The company also plans to enhance its protection and privacy solutions with new features that will help organizations reduce attack surface.

“Malwarebytes is a global market leader with one of the most widely recognized brands in cyber remediation and protection. It has become an essential business that keeps the internet safer for millions of people and organizations worldwide every day,” Vector Capital managing director Sandy Gill said.

The funding announcement comes on top of a mishap from Malwarebytes that resulted in the company’s anti-malware solution flagging Google and Youtube domains as malicious.

The issue, caused by a misconfiguration in the product’s web filtering protection, was quickly acknowledged and addressed by the company on Wednesday.

Related: SOC Infrastructure Firm Cyrebro Raises $40 Million

Related: Dope.security Emerges From Stealth With New Approach to Secure Web Gateways

Related: novoShield Emerges From Stealth With Mobile Phishing Protection App

Related: SaaS Alerts Raises $22 Million to Help MSPs Protect Business Applications

Written By

Ionut Arghire is an international correspondent for SecurityWeek.

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