Pwnie Express, the leading provider of device threat detection, today announced a $12.9 million Series B round of funding, led by Ascent Venture Partners with investments from MassMutual Ventures LLC and existing investors .406 Ventures, Fairhaven Capital and the Vermont Center for Emerging Technologies (VCET). This new investment will enable Pwnie Express to meet strong demand for its platform and accelerate its aggressive growth strategy.
Cylance, the first cyber security company to successfully apply artificial intelligence algorithms to predictively identify and stop malware and advanced threats, today announces that it has completed the initial closing of a $100 million Series D funding round led by funds managed by Blackstone Tactical Opportunities and Insight Venture Partners and included follow-on investments by the company’s existing investors including us.
The funding will be used to support the company’s rapid business growth by expanding sales, marketing and engineering programs for Cylance endpoint protection go-to-market strategies. Since its introduction, Cylance has experienced record growth with product billings and customer growth of 1089 percent and 785 percent respectively, propelling the company to achieve its mission many years earlier than anticipated. In its Magic Quadrant for Endpoint Protection Platforms (EPP) earlier this year, Gartner called Cylance “the fastest growing EPP startup in the past ten years.”
Today CylancePROTECT® is protecting millions of endpoints and over 1,000 customers from never before seen attacks, i.e., zero-days, preventing these customers from downtime, distraction and brand tarnishing. The product is uniquely able to identify and prevent zero-days and other forms of advanced and targeted attacks currently impacting businesses and government agencies worldwide, thereby eliminating the need for individual security teams to analyze and develop expertise in defending against each new cyberattack. CylancePROTECT is actively protecting countless, once-previous victims of attacks, all without the need for cloud-supported conviction or regular updates.
“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.”
“We have been tracking Cylance since they came to market, and are thrilled to be partnering with them,” said Mike Triplett, Managing Director at Insight Venture Partners. “Cylance’s team and technology have delivered on exactly what they’ve promised: elegant and effective prevention at the endpoint, in addition to impressive customers and growth.”
“We founded Cylance almost four years ago with a singular mission: protect those who cannot protect themselves, and empower those who can,” said Cylance CEO Stuart McClure. “Our goal of reinventing endpoint security by using machine learning to think like a cyber hacker has been achieved and we now must ensure that it is put in the hands of security leaders inside enterprises, organizations, governments and small businesses as quickly as possible.”
Advanced Machine Learning-Based Behavioral Analytics Enhance Threat Detection Capabilities of GuidePoint’s Security Platform as a Service
Prelert, the leading provider of behavioral analytics for IT security, IT operations and business operations teams, and GuidePoint Security LLC, a provider of cybersecurity solutions for commercial and federal organizations, have announced a joint partnership that enables GuidePoint Security clients to successfully achieve their security missions.
GuidePoint Security has partnered with Prelert to enhance the capabilities of GuidePoint Security’s Virtual Security Operations Center (vSOC) managed service. Through the partnership, vSOC clients gain access to Prelert’s behavioral analytics platform, including its library of pre-configured analytics use cases. The solution has already been deployed with numerous vSOC clients.
“Information security teams are dealing with an increasing amount of security-related data, further taxing their already over-extended personnel,” said Justin Morehouse, Co-Founder & Principal, GuidePoint Security. “We are pleased to add Prelert’s capabilities to our vSOC, improving our clients’ attack detection coverage and assisting vSOC’s validation process to reduce client alerts by nearly 90 percent. This addition further empowers our vSOC clients to focus in on the threats that are most likely to impact their business – and quickly take steps to resolve them.”
GuidePoint Security vSOC clients can now take advantage of Prelert’s parameterized use case configurations, which provide security and behavioral analytics “recipes” that use Prelert’s machine learning-based analytics capabilities to detect attack behaviors present in the client’s data. As one of the first vendors to publish a library of pre-configured use cases for detecting elementary attack behaviors, Prelert enables GuidePoint Security’s vSOC clients to quickly gain insight into behaviors associated with advanced threats, delivering even greater value from their managed security service.
“GuidePoint Security’s vSOC is an impressive security platform as a service, and is helping their clients quickly identify critical security incidents before they become a costly and disruptive problem,” said Mark Jaffe, CEO, Prelert. “We’re thrilled that GuidePoint Security has chosen to use our machine learning technology and pre-configured use cases to enhance their vSOC offering, enabling early detection of elementary attack behaviors before they progress to costly security incidents.”