Monday, January 29, 2018

Cylance Hits $100M Revenue Mark

Irvine-based cybersecurity sofwtare provider Cylance announced on Monday morning that it has just passed up the $100M in revenues market, only 3.3 years after the company first launched its product. The company, led by CEO Stuart McClure, said the $100M in trailing 12-month GAAP revenue represents 177 percent year-over-year growth for the company. Cylance says it now has over 3,800 enterprise customers using its product. Cylance is backed by such investors as Dell Technologies Capital, Insight Venture Partners and Blackstone Tactical Opportunities, along with In-Q-Tel, Capital One, Dell Ventures, DFJ Growth Fund, FairHaven Capital Partners, Khosla Ventures, KKR, and TenEleven Ventures. The company is one of Southern California's unicorns.