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Cylance Announces $120 Million in Funding

June 19, 2018 / Mike Lennon

Endpoint security firm Cylance announced Tuesday afternoon that it has closed a $120 million funding round led by funds managed by Blackstone Tactical Opportunities and including other investors. The announcement was made hours after endpoint security rival CrowdStrike announced that it had raised more than $200 million in a Series E round of funding at a $3 billion valuation. Given the timing of the announcement—just after 1PM ET—it is likely that Cylance had been preparing to announce its funding in the near future, but scrambled to get the news out as soon as possible to follow CrowdStrike.  The company did not immediately respond to a request for comment on the timing of the announcement. Cylance’s flagship endpoint security product, CylancePROTECT, takes a mathematical and machine learning approach to identifying and containing zero day and advanced attacks. The company has been utilizing artificial intelligence and machine learning as part of its core marke...