Cylance was the first company to apply AI to the field of cybersecurity, this funding round announced yesterday brings their total funding amount to $297 million.
Cylance Extends Global Reach with $120 Million Funding Round infosec nHEvpEbXbX
— Cylance Inc. (@cylanceinc) June 20, 2018
The round was led by Blackstone Tactical Opportunities, according to VentureBeat.
The Irvine-based firm told the OC Register that they’re “creating a digital immune system that’s impenetrable.” With the profits from this most recent funding round, Cylance plans on continuing “global expansion” and building more cybersecurity solutions.
Introducing CylanceOPTICS™ v2.3 infosec EDR TafQ0GihUm
— Cylance Inc. (@cylanceinc) June 20, 2018
A newly-updated product CylanceOPTICS v2.3, released today, uses mathematical models to detect suspicious behaviour and detect potential threats and attacks.
Cylance released their yearly “Threat Report” at the end of May, and in it they outlined the the food and hospitality industries had suffered the highest volume of cyber attacks, and ransomware attacks grew threefold and impacted the healthcare industry the most.
