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Cylance says Citi Ventures participated in latest fundraise

By TechTaffy Desk

Cylance, a cybersecurity company that applies machine learning and artificial intelligence algorithms to identify and stop malware and advanced threats, said Citi Ventures was among the participants in its recent $100 million fund raise.

Insight Venture Partners and Blackstone Tactical Opportunities had led the fundraising round, with participation from existing investors Khosla Ventures, DFJ Growth, and KKR.

The latest investment values the company over $1 billion, catapulting it to ‘unicorn’ ( a startup company valued at over $1 billion) status.

[Image courtesy: Cylance]

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