Cylance Cybersecurity Startup Raises $100 Million To Develop AI System
Cylance, a company specialized in artificial intelligence (AI) and machine-learning solutions against malware and cyber crime, has announced on Wednesday, June 8, that it raised $100 million for developing an AI system for cybersecurity.
According to VentureBeat, the founding has been achieved in a Series D round led by Insight Venture Partners and Blackstone Tactical Opportunities, with participation from existing investors. The startup cybersecurity company was founded in 2012 by Stuart McClure. Prior to this round of fundraising, Cylance had already raised around $77 million, including $20 million the previous year and a $42 million round last July.
Cylance claims that it already has around 1,000 customers that are using company's software to protect themselves from advanced security infiltrations. However, this is not the only company using artificial intelligence systems to improve online security. Darktrace and Jask are using similar systems, while the Israel-based Fortscale uses big data analytics and machine learning to detect malicious user behavior.
The cybersecurity platform developed by Cylance is based on suite of algorithm security protocols that the company claims are a "breakthrough mathematical process." The protocols inspect networks for weaknesses and, in case that any threat is detected, it shuts them down.
Cylance promises to help governments and companies predict and prevent advanced threats by using a system that learns the psychology of a hacker. The additional $100 million will be used by the company to support growth by expanding its engineering, marketing and sales programs.
According to PCWorld, the company's cybersecurity system is dubbed CylanceProtect. The flagship product promises to use just a fraction of the system resources required by its competitors.
The AI-based endpoint security system is based on cutting-edge technologies including machine learning. Cylance's cybersecurity system uses the power of artificial intelligence to proactively analyze a file's characteristics and predict whether it is safe or a threat before it executes on the local host.
Cylance's software is able to protect against privilege escalations, zero-day malware, spear phishing, system- and memory-based attacks, scripts and malicious programs. According to Cylance, their product does not require daily software updates or internet connection and eliminates the need for intrusion detection, prevention systems and other antivirus programs.
Internet Of Things Needs Data-Centric Security
In the context of increased security risks faced by big data and the Internet of Things, some tech analysts believe that IoT needs more data-centric protection.
Spying Fears And Data Breaches Affect Internet Use
An official U.S. study suggests that online security and privacy issues have led people to reduce their Internet use.
Cyber Attacks Could Be Predicted With Artificial Intelligence Help
A MIT research team and a machine-learning startup called PatternEx have developed the AI2 cyber security system for predicting hacker attacks.
Hackers Hear! Hackers See! Apple Is No Longer Safe!
Recent discoveries have found that Apple has been compromised and that hackers can access both your webcam and microphone.
Microsoft's New Cybersecurity Engagement Center Opens In Mexico, Aims To Improve Users' Safety
Microsoft has publicly expressed their concern for the welfare of human beings in a global scale. This is the reason why they have extended their coverage of cybersecurity throughout Mexico to prevent the Latin American populace from being cyber attacked.
MORE IN ITECHPOST
Facebook Android App Switched Features To The Bottom Of The Screen: Why!?
Ever wondered why Facebook has decided to switch its features to the bottom side of the screen?
NASA's Cassini Mission Now Has Strong Evidence Why Saturn's Atmosphere is Scorchingly Hot!
The upper layers in the atmospheres of gas giants such as Saturn, Jupiter, Uranus, and Neptune, are hot, similar to Earth's. The similarity ends there, as these giants are much farther from the sun to explain their blazing temperatures. The new mapping of Saturn's upper atmosphere has illustrated the reason why it's so hot.
Riot Games Release Brand-New VALORANT; Watch Now To Get A Chance To Play The Game Early!
The launch of the' all-new Valorant is one of the most significant events in history with millions of players wanting early access. Here's how!