Cylance

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Cylance Inc.
Industry Computer security
Founded 2012
Founder Stuart McClure, Ryan Permeh
Headquarters United States
Services Anti-virus, Anti-malware
Owner BlackBerry Limited
Website www.cylance.com

Cylance Inc. is an American software firm founded in 2012. It 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, algorithmic science and machine learning to cyber security.”[2] On November 16th 2018 BlackBerry Limited purchased Cylance for $1.4 Billion USD.[3] Cylance executives have stated that their mission is to block computer viruses or malware before they have an effect on a user's computer.[2]

Founding[edit]

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.[4] McClure is also the author of Hacking Exposed, reportedly the best-selling IT security book to date.[5]

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".[5]

Funding[edit]

Initial funding of $15 million was reported February 2013 with another $20 million in February 2014.[6] A July 2015 report indicated that Cylance had raised additional $42 million from such investors as DFJ Growth, KKR, Dell Ventures, CapitalOne Ventures, and TenEleven Ventures.[4] It further received a $100 million in June 2016 with lead investors Blackstone Tactical Opportunities (part of larger Blackstone Group) and Insight Venture Partners.[7]

Product Features[edit]

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.[4]

Operation Cleaver[edit]

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.[8][9][10]

MOTEX Collaboration[edit]

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 actively detects and prevents malware. The end product will be called CylancePROTECT Cat. This collaboration brings Cylance's activities into the Japanese market.[2]

Purchased by BlackBerry Limited[edit]

On November 16th, 2018 Cylance was purchased for $1.4 Billion USD by BlackBerry Limited in a all cash deal.[11] The technology behind Cylance would enable BlackBerry to add artificial intelligence capabilities to its existing software products for IoT applications and other services. Cylance will run as a separate division within BlackBerry Limited's current operations.[12]

Honors and Awards[13][edit]

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.[5]

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

References[edit]

  1. "Snapshots – Cylance". Bloomberg.com. 
  2. 2.0 2.1 2.2 Guru, 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. 
  3. https://www.bloomberg.com/news/articles/2018-11-16/blackberry-spends-1-4-billion-on-cybersecurity-firm-cylance.  Missing or empty |title= (help)
  4. 4.0 4.1 4.2 Hackett, Robert (Jul 28, 2015). "Cylance raises $42 million for AI-based security software". Fortune Magazine. 
  5. 5.0 5.1 5.2 "EY Entrepreneur Of The Year® 2016 Orange County". Smart Business Online. Jul 1, 2016. 
  6. "Cylance Funding Rounds". crunchbase.com. Crunchbase Inc. Retrieved 2016-11-25. 
  7. "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. 
  8. Plummer, Quinten (December 15, 2014). "Operation Cleaver is Bigger Threat than Previously Thought, FBI Warns US Businesses". Tech Times. Retrieved March 30, 2015. 
  9. Bertrand, Natasha (December 8, 2014). "Iran Is Officially A Real Player In The Global Cyber War". Business Insider. Retrieved March 30, 2015. 
  10. Riley, Michael A; Robertson, Jordan (December 2, 2014). "Iran-Backed Hackers Target Airports, Carriers: Report". Bloomberg News. Retrieved March 30, 2015. 
  11. https://www.bloomberg.com/news/articles/2018-11-16/blackberry-spends-1-4-billion-on-cybersecurity-firm-cylance.  Missing or empty |title= (help)
  12. http://fortune.com/2018/11/16/blackberry-cylance-acquisition/.  Missing or empty |title= (help)
  13. "Stock Market | FinancialContent Business Page". markets.financialcontent.com. Retrieved 2018-03-22. 
  14. "Cylance® Wins 2018 MSPWorld Cup Award™ - Managed Services & Cloud Computing Blog" (in English). 2018-03-20. Retrieved 2018-03-22. 
  15. "LinkedIn Top Companies | Startups: The 50 industry disruptors you need to know now" (in English). 2017-11-01. Retrieved 2018-03-22. 
  16. "Cylance". reviews.greatplacetowork.com (in English). Retrieved 2018-03-22. 
  17. "Cyber Security Leaders 2017 – Cyber Defense Magazine". www.cyberdefensemagazine.com (in English). Retrieved 2018-03-22. 
  18. "Winners Announced for the Gartner Peer Insights Customer Choice Awards for Endpoint Protection Platforms" (in English). Retrieved 2018-03-22. 
  19. "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. 
  20. "CylancePROTECT Wins Special Jury Award for Best of Show Award - Security Product at Interop Tokyo 2017". Business Wire (in English). Retrieved 2018-03-22. 
  21. "CylancePROTECT® Wins Special Jury Award for Best of Show Award - Security Product at Interop Tokyo 2017". www.cylance.com. Retrieved 2018-03-22. 
  22. "CylancePROTECT® Wins Best Enterprise Security Solution in 2017 SC Media Awards Europe". www.cylance.com. Retrieved 2018-03-22. 
  23. "SC Awards Europe 2017: And the winners of this year's awards are..." SC Media UK (in English). 2017-06-07. Retrieved 2018-03-22. 
  24. CNBC (2017-05-16). "Meet the 2017 CNBC Disruptor 50 companies". CNBC. Retrieved 2018-03-22. 
  25. "Cylance Named To CNBC Disruptor 50 List for Second Consecutive Year". www.cylance.com. Retrieved 2018-03-22. 
  26. "Cylance Achieves 5-Star Rating in CRN's 2017 Partner Program Guide". Yahoo Finance (in English). April 10, 2017. Retrieved 2018-03-22. 
  27. "SANS Institute - SANS Best of Awards". www.sans.org (in English). Retrieved 2018-03-22. 
  28. "Forbes Cloud 100". Forbes. Retrieved 17 November 2016.