Irvine-based security software maker Cylance Inc. raised $42 million in a Series C funding round led by DFJ Growth in Menlo Park.
Other backers include Thomvest, KKR, CapitalOne, Dell Ventures, DraperNexus Ventures and TenEleven Ventures, as well as prior investors Fairhaven Capital, Blackstone and Khosla Ventures.
The investment includes a board appointment for DFJ cofounder and Managing Director Mark Bailey. The company said it will use proceeds to expand globally and boost sales and marketing.
“We need to get our name out there and be more recognizable,” he said. “It’s now a perfect opportunity to take advantage of the investment with high growth and scale.”
Cylance employs about 130, the majority in Irvine. It also operates an office outside of Washington, D.C., and one in Portland, Ore.
The company’s software, which is used by more than 200 companies, fuses machine learning, artificial intelligence algorithms, and the cloud to thwart new and evolving threats and cyber attacks before they hit servers, desktops and virtual desktops, McClure said.
