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Cylance Inc.

Cylance Inc.

Cylance Inc. is a software firm that develops antivirus programs and other kinds of computer software that prevent, rather than reactively detect, viruses and malware. The company is based in Irvine, California.[1] Cylance has been described as “the first company to apply artificial intelligence, algorithms, and machine learning to cyber security.”[2]

In February 2019, the company was acquired by BlackBerry Limited.

The company's mission is to block computer viruses or malware before they have an effect on a user's computer.[2]

Cylance Inc.
Type
Subsidiary
IndustryComputer security
Founded2012 (2012)
FounderStuart McClure, Ryan Permeh
Headquarters
Irvine, California
,
United States
ServicesAnti-virus, Anti-malware
OwnerBlackBerry Limited
WebsiteCylance.com [29]

Founding

Cylance was founded by Stuart McClure and Ryan Permeh. McClure was previously co-founder of Foundstone, a security consultancy, which he sold to McAfee in 2004, becoming that firm's Chief Tech Officer.[3] McClure is also the author of Hacking Exposed, reportedly the best-selling IT security book to date.[4]

Cylance's founding came about as a result of McClure's speeches he had previously given on cybersecurity, where he was often asked how he protected his own computer. He noted that he lacked trust in any security technology since it was all reactive in nature, meaning it only cleaned up after an attack. Consequently, McClure began developing a technology based on "proactive protection".[4]

Funding

Initial funding of $15 million was reported February 2013 with another $20 million in February 2014.[5] A July 2015 report indicated that Cylance had raised an additional $42 million from investors including Draper Fisher Jurvetson, Kohlberg Kravis Roberts, Dell, CapitalOne, and TenEleven Ventures.[3] It received a further $100 million in June 2016 with lead investors Blackstone Tactical Opportunities (part of The Blackstone Group) and Insight Venture Partners.[6]

Product Features

McClure stated that Cylance's antivirus product does not use typical security features, such as unique signatures, heuristics, behavioral analysis, sandboxing, virtualization, or blacklisting. Rather, the product uses artificial intelligence to identify and stop attackers. McClure stated that Cylance security features are similar to the human brain's way of identifying threats, wherein it "teaches" computers to identify indicators of an attack.[3]

Operation Cleaver

Operation Cleaver was a covert cyberwarfare operation carried out by the Iranian government against targets around the world, specifically critical infrastructure entities. Cylance uncovered the operation and described it in a report released in late 2014. Iranian officials rejected Cylance's conclusions, but the FBI tacitly confirmed them.[7][8][9]

MOTEX Collaboration

In May 2016, Cylance announced a new collaboration with MOTEX, an Osaka-based firm, to integrate MOTEX LanScope, an endpoint security management, and CylancePROTECT, Cylance's leading product, which proactively detects and prevents malware. The end product will be called CylancePROTECT Cat. This collaboration brings Cylance's activities into the Japanese market.[2]

Acquisition by BlackBerry Limited

In February 2019, the company was acquired by BlackBerry Limited for $1.4 billion.[10][11][12]

Honors and Awards[13]

In March 2018, Cylance won the 2018 MSPWorld Cup Award.[14]

In November 2017, LinkedIn recognized Cylance as one of the "Top Companies | Startups" of the year 2017.[15]

In October 2017, Cylance was certified as a "Great Place to Work" on GreatPlaceToWork.com.[16]

In October 2017, Cylance was recognized as a Cyber Security Leader of 2017 in Cyber Defense Magazine.[17]

In September 2017, Cylance was announced a winner of the Gartner Peer Insights Customer Choice Award for Endpoint Protection Platforms by Gartner Inc.[18]

In August 2017, Cylance made the Inc. Magazine's Inc. 5000 List for the second year in a row.[19]

In June 2017, Cylance won the Special Jury Award for Best of Show - Security Product at Interop Tokyo 2017.[20][21]

In June 2017, Cylance's top product, CylancePROTECT, was named Best Enterprise Security Solution at the 2017 SC Media Awards Europe event.[22][23]

In May 2017, Cylance made the CNBC Disruptor 50 list[24] for the second year in a row.[25]

In April 2017, Cylance was given a 5-star rating in CRN's 2017 Partner Program Guide.[26]

In March 2017, CylancePROTECT was named Best Endpoint Protection Product of 2016 by SANS Community.[27]

In July 2016, McClure was named Orange County Entrepreneur of the Year in the category of technology.[4]

In 2016, Cylance was ranked #23 on the Forbes Cloud 100 list.[28]

See also

  • Antivirus software

  • Comparison of antivirus software

  • Comparison of computer viruses

References

[1]
Citation Linkwww.bloomberg.com"Company Overview of Cylance Inc". Bloomberg L.P.
Oct 1, 2019, 3:54 AM
[2]
Citation Linkwww.cybersecureindia.inGuru, Sagganik; Khyati, Jain (May 12, 2016). "U.S. based Cylance Inc. and Japan's MOTEX Unite to Establish Advanced Cyber Threat Prevention Solutions in Japan". Cyber Secure India.
Oct 1, 2019, 3:54 AM
[3]
Citation Linkfortune.comHackett, Robert (Jul 28, 2015). "Cylance raises $42 million for AI-based security software". Fortune Magazine.
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[4]
Citation Linkwww.sbnonline.com"EY Entrepreneur Of The Year® 2016 Orange County". Smart Business Online. Jul 1, 2016.
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[5]
Citation Linkwww.crunchbase.com"Cylance Funding Rounds". crunchbase.com. Crunchbase Inc. Retrieved 2016-11-25.
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[6]
Citation Linkwww.wallstreet-online.de"Cylance Announces $100 Million Series D Funding Round Led by Blackstone Tactical Opportunities and Insight Venture Partners". Wallstreet-online.de. Wallstreet:Online AG. 2016-06-08. Retrieved 2016-11-25.
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[7]
Citation Linkwww.techtimes.comPlummer, Quinten (December 15, 2014). "Operation Cleaver is Bigger Threat than Previously Thought, FBI Warns US Businesses". Tech Times. Retrieved March 30, 2015.
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[8]
Citation Linkwww.businessinsider.comBertrand, Natasha (December 8, 2014). "Iran Is Officially A Real Player In The Global Cyber War". Business Insider. Retrieved March 30, 2015.
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[9]
Citation Linkwww.bloomberg.comRiley, Michael A; Robertson, Jordan (December 2, 2014). "Iran-Backed Hackers Target Airports, Carriers: Report". Bloomberg News. Retrieved March 30, 2015.
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[10]
Citation Linkwww.prnewswire.com"BlackBerry Completes Acquisition of Cylance" (Press release). PR Newswire. February 21, 2019.
Oct 1, 2019, 3:54 AM
[11]
Citation Linkwww.itworldcanada.comCoop, Alex (February 21, 2019). "BlackBerry completes acquisition of Cylance". IT World Canada.
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[12]
Citation Linkwww.forbes.comTeam, Trefis. "Why BlackBerry's Acquisition Of Cylance Makes Sense". Forbes. Retrieved 2019-08-12.
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[13]
Citation Linkmarkets.financialcontent.com"Stock Market | FinancialContent Business Page". markets.financialcontent.com. Retrieved 2018-03-22.
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[14]
Citation Linkmspalliance.com"Cylance® Wins 2018 MSPWorld Cup Award™ - Managed Services & Cloud Computing Blog". 2018-03-20. Retrieved 2018-03-22.
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[15]
Citation Linkwww.linkedin.com"LinkedIn Top Companies | Startups: The 50 industry disruptors you need to know now". 2017-11-01. Retrieved 2018-03-22.
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[16]
Citation Linkreviews.greatplacetowork.com"Cylance". reviews.greatplacetowork.com. Retrieved 2018-03-22.
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[17]
Citation Linkwww.cyberdefensemagazine.com"Cyber Security Leaders 2017 – Cyber Defense Magazine". www.cyberdefensemagazine.com. Retrieved 2018-03-22.
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[18]
Citation Linkwww.gartner.com"Winners Announced for the Gartner Peer Insights Customer Choice Awards for Endpoint Protection Platforms". Retrieved 2018-03-22.
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[19]
Citation Linkwww.cylance.com"Cylance® Named to Inc. 5000 List for Second Consecutive Year with More Than 1,454% Revenue Growth Over Three Years". www.cylance.com. Retrieved 2018-03-22.
Oct 1, 2019, 3:54 AM
[20]
Citation Linkwww.businesswire.com"CylancePROTECT Wins Special Jury Award for Best of Show Award - Security Product at Interop Tokyo 2017". Business Wire. Retrieved 2018-03-22.
Oct 1, 2019, 3:54 AM