Announced
Completed
Financials
Sources
Tags
cybersecurity software
Private
Acquisition
Completed
United States
Software
Private Equity
Synopsis
Blackstone led a $100m financing round for Cylance, the first cyber security company to successfully apply artificial intelligence algorithms to predictively identify and stop malware and advanced threats. “We’re enthusiastic about supporting the terrific management team at Cylance, a company well-positioned for growth with a strong foundation in the cyber-security space,” said Viral Patel, a Managing Director in Blackstone’s Tactical Opportunities. “Cylance’s strong track record, including at Blackstone portfolio companies, deepens our conviction in the value that this platform can offer across sectors.”
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