IRVINE, CA -- (Marketwire) -- 02/13/13 -- Cylance, Inc., a global cybersecurity products and services company dedicated to solving large and complex security challenges, today announced $15 million in funding from recognized leaders in the venture community: Khosla Ventures and Fairhaven Capital. Additionally, Cylance is announcing its board members and board of advisors, made up of a very dedicated team of industry leaders, with backgrounds in government, military, critical infrastructure and private sector. These board members will be collaborating to advance Cylance's mission to protect customers from advanced threats in an era when today's network and operations infrastructure is often protected by flawed security.
"There is no better time than now to change the paradigm in security; today's solutions are no longer effective against advanced threat groups. Cylance knows how to solve this problem at its core, and we intend to help them deliver on their inimitable vision," said Vinod Khosla, Founder of Khosla Ventures and long-time Silicon Valley entrepreneur. "Cylance's executive pedigree has seen it all in the security world. We are confident in their talent and mission to address the industry's failures as well as protect and empower the world through its products, services and research."
The $15 million investment will accelerate delivery of Cylance's vision of protecting and empowering people and their devices from advanced attacks through products, services and algorithmic security.
"If you can secure the very fabric of our society and economy -- critical infrastructure and key resources (CIKR) -- you can secure anything," said Mark Hatfield, Partner at Fairhaven Capital. "The security industry is ready for an overhaul and Cylance has the vision, strategy and talent to lead the way."
"Critical infrastructure and key resources are not just oil and gas pipelines and power plants. It is finance, banking, telecommunication, healthcare and many more that are the very heart of our economy," said Stuart McClure, CEO/President of Cylance. "I could not be more honored to have Khosla Ventures and Fairhaven Capital's support in our endeavors. As a serial entrepreneur, Vinod understands what it takes to be successful, and as a long time investor in security startups, Fairhaven has become a well-respected security investor. We could not have asked for a stronger team from which to springboard our mission."
In addition to announcing funding, Cylance introduces its new Board of Directors including Patrick Heim, former Kaiser Permanente CSO and now Chief Trust Officer at Salesforce.com, Admiral William J. Fallon, U.S. Navy (Retired) former Commander, U.S. Central and U.S. Pacific Commands, and Alex Doll, former co-founder and COO of PGP who sold to Symantec in 2010, who will guide the Company to achieve its goals. With this Board pedigree, Cylance has a deep and diverse team to help guide the Company.
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