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Tenable, Cylance Disclose Revenue Metrics

Cybersecurity solutions providers Tenable and Cylance this week shared financial metrics for 2017, with both privately-held companies showing strong revenue growth.

Cylance reported revenue of more than $100 million last year, which the company says represents a year-over-year growth of 177 percent.

The company’s AI-powered endpoint protection and threat detection solutions are used by over 3,800 enterprises, including 87 percent of Fortune 500 firms. Cylance’s customers include The Gap, Dell, Panasonic, Noble Energy, the National Hockey League Players Association, United Service Organizations (USO), and Partners In Health.

Cylance has raised more than $170 million in funding, including $20 million in February 2014, $42 million in June 2015, and $100 million in June 2016.

When announcing its financial results, Cylance highlighted that its growth rate and the time it took the company to reach $100 million in annual revenue surpassed other cybersecurity firms, including Palo Alto Networks, FireEye, Symantec and CyberArk.

Tenable announced record billings of more than $250 million in 2017, which it says represents a 45 percent growth. The company has attributed this success to strong performance in North America, Europe and Asia. The fourth quarter of 2017 was the seventh consecutive quarter of greater than 40 percent year-over-year billings growth.

As for revenue, Tenable reported $189 million for the 12-month period that ended on December 31, 2017, which represents over 50 percent growth.

Tenable, makers of vulnerability scanners and software solutions that help find network security gaps, has more than 24,000 customers across 160 countries. The list includes more than 50 percent of Fortune 500 companies, over 20 percent of Global 2000 firms, and the ten largest tech companies in the U.S.

Tenable recently announced a partnership with Siemens that aims to provide asset discovery and vulnerability management solutions for industrial networks.

Tenable has raised more than $300 million, including $250 million in November 2015 and $50 million in September 2012.

Related: Cylance Launches Next-Gen Endpoint Security for Consumers

Related: Cylance Battles Malware Testing Industry

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Eduard Kovacs (@EduardKovacs) is a contributing editor at SecurityWeek. He worked as a high school IT teacher for two years before starting a career in journalism as Softpedia’s security news reporter. Eduard holds a bachelor’s degree in industrial informatics and a master’s degree in computer techniques applied in electrical engineering.