Cylance receives $20 mln funding from Blackstone, Khosla Ventures
Feb 20 (Reuters) - Cylance Inc, a cyber security startup founded by McAfee Inc's former global chief technology officer, said it received $20 million in funding from an investor group led by Khosla Ventures and Blackstone Group.
Cylance, which uses software algorithm for threat detection and prevention, was founded in 2012 by Stuart McClure who left McAfee after Intel Corp acquired the company in February 2011.
The firm said its software continually evolves by learning how to detect new and evolving threats through a mathematical and algorithmic process, much like the human brain.
Cylance raised $15 million in funding last February from investors including Khosla Ventures and Fairhaven Capital.
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Prime Minister Narendra Modi will promise on Thursday to provide a bank account for every Indian household when he launches a major initiative that could save billions of dollars in welfare spending and help mend strained state finances. Full Article