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Cybersecurity rivals CrowdStrike, Cylance close major funding rounds

Despite the occasional hiccup, the cybersecurity market is still a magnet for investment…:

NEW YORK (Reuters) – CrowdStrike Inc and Cylance Inc, rival cybersecurity startups vying for a chunk of the surging security industry, both announced major rounds of funding on Tuesday.

CrowdStrike, a California-based firm founded in 2011, said it has raised $200 million in its series E round of financing, putting the company’s valuation at more than $3 billion.

Its rival Cylance, founded in 2012, said it has raised $120 million also in its series E, or fifth round of funding, but declined to disclose the company’s valuation.

Both firms, which provide software against cyberattacks, were founded by ex-McAfee employees who are now fierce competitors. George Kurtz, chief executive of CrowdStrike, and Stuart McClure, CEO of Cylance, sold a cybersecurity company they had co-founded to McAfee in 2004 for $86 million.

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Original article here

Peter Glock
Over 30 years of designing, building and managing telecoms and IT services. Primarily working with large enterprise and professional services businesses in Asia, North America, continental Europe and the UK. Information security professional, secret physics nerd.
https://brownglock.com

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