Cylance, fighting malicious hackers with AI, hits B valuation after raising 0M

“If you can’t beat them, join them” may not sound like the most encouraging pitch for a cybersecurity company, but a startup called Cylance has created an artificial intelligence-powered brain that essentially does just that, and it has taken off — raising $100 million in a Series D round of funding and catapulting itself into the so-called ‘unicorn’ club of companies with $1 billion valuations.The Series D round of funding was led by Blackstone Tactical Opportunities and Insight Venture Partners, along with existing investors (unnamed which but previous backers include strategics like Capital One, Dell Ventures, DFJ, Fairhaven, Khosla, KKR and Ten Eleven). It takes the total raised to over $177 million. Cylance is not disclosing its valuation but a reliable source close to the company says it’s in the neighborhood of $1 billion —…


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