Welcome!

Java IoT Authors: Pat Romanski, William Schmarzo, Liz McMillan, AppDynamics Blog, Elizabeth White

News Feed Item

Cylance Announces $15M in Funding From Khosla Ventures and Fairhaven Capital; Announces Board of Directors and Advisors

Funding and Talent Acquisition Propels Cylance's Mission to Protect Customers From Advanced Threats With Products, Services and Research

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.

"As a long time driver and investor in security, we've seen visions come and go but Cylance has a truly pioneering plan," said Alex Doll, Board Member, Cylance.

"I've seen breaches of security firsthand around the world and the biggest issue has been the failure to secure networks," said Admiral Fallon, Board Member, Cylance. "Cylance offers clients unrivaled security solutions that will tip the balance of the cyber battlefield. The Company's deep and talented technical bench and strong executive leadership position it well for success."

Additionally, Cylance has established a Board of Advisors that brings together a diverse group of experts to solve the complex security problems that the industry currently faces. Advisors include: Paul Forney (Invensys), David Willson (Army/NSA), Shane Shook (KPMG/PwC), Robert Bigman (CIA), Stewart Baker (Steptoe/NSA), Alex Nazaruk (GetCo), Michael Rauchman (GetCo), Eric Culp (formerly of ESRI), and Joseph Gabbert (formerly of McAfee and EMC).

About Cylance, Inc.

Cylance, Inc. is a global provider of cybersecurity products and services that is changing the way companies, governments and end users proactively solve the world's most difficult security problems. Through a holistic security process called Presponse™, a philosophical, practical and cyclical approach, Cylance couples the understanding of a hacker's mentality with algorithmic intelligence and technology to be truly predictive and preventive against advanced threats. Powered by a global user community and an elite team of security experts, Cylance is solving very large and complex problems simply and elegantly. For more information, visit www.cylance.com.

About Khosla Ventures

Khosla Ventures offers venture assistance, strategic advice and capital to entrepreneurs. The firm helps entrepreneurs extend the potential of their ideas in breakthrough technologies in security, clean energy, mobile, IT, cloud, big data, storage, health, food, agriculture and semiconductors. Vinod Khosla founded the firm in 2004 and was formerly a General Partner at Kleiner Perkins and co-founder of Sun Microsystems. Khosla Ventures is based in Menlo Park, Calif. More information is available at www.khoslaventures.com.

About Fairhaven Capital Partners.

Based in Cambridge's Kendall Square, Fairhaven Capital is a venture capital firm dedicated to a thesis-based approach to investing in North American technology companies. This approach focuses investment efforts on markets where emerging companies and technologies can create significant value. The Fairhaven team is focused on themes in the enterprise, physical technologies, media infrastructure and security markets. For more information, visit www.fairhavencapital.com.

Media Contact:
SHIFT Communications
Ciri Haugh
Email Contact
617-779-1856

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

@ThingsExpo Stories
Manufacturers are embracing the Industrial Internet the same way consumers are leveraging Fitbits – to improve overall health and wellness. Both can provide consistent measurement, visibility, and suggest performance improvements customized to help reach goals. Fitbit users can view real-time data and make adjustments to increase their activity. In his session at @ThingsExpo, Mark Bernardo Professional Services Leader, Americas, at GE Digital, discussed how leveraging the Industrial Internet a...
On Dice.com, the number of job postings asking for skill in Amazon Web Services increased 76 percent between June 2015 and June 2016. Salesforce.com saw its own skill mentions increase 37 percent, while DevOps and Cloud rose 35 percent and 28 percent, respectively. Even as they expand their presence in the cloud, companies are also looking for tech professionals who can manage projects, crunch data, and figure out how to make systems run more autonomously. Mentions of ‘data science’ as a skill ...
IoT generates lots of temporal data. But how do you unlock its value? You need to discover patterns that are repeatable in vast quantities of data, understand their meaning, and implement scalable monitoring across multiple data streams in order to monetize the discoveries and insights. Motif discovery and deep learning platforms are emerging to visualize sensor data, to search for patterns and to build application that can monitor real time streams efficiently. In his session at @ThingsExpo, ...
"delaPlex is a software development company. We do team-based outsourcing development," explained Mark Rivers, COO and Co-founder of delaPlex Software, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
ReadyTalk has expanded the capabilities of the FoxDen collaboration platform announced late last year to include FoxDen Connect, an in-room video collaboration experience that launches with a single touch. With FoxDen Connect, users can now not only engage in HD video conferencing between iOS and Android mobile devices or Chrome browsers, but also set up in-person meeting rooms for video interactions. A host’s mobile device automatically recognizes the presence of a meeting room via beacon tech...
Amazon has gradually rolled out parts of its IoT offerings in the last year, but these are just the tip of the iceberg. In addition to optimizing their back-end AWS offerings, Amazon is laying the ground work to be a major force in IoT – especially in the connected home and office. Amazon is extending its reach by building on its dominant Cloud IoT platform, its Dash Button strategy, recently announced Replenishment Services, the Echo/Alexa voice recognition control platform, the 6-7 strategic...
SYS-CON Events announced today that LeaseWeb USA, a cloud Infrastructure-as-a-Service (IaaS) provider, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. LeaseWeb is one of the world's largest hosting brands. The company helps customers define, develop and deploy IT infrastructure tailored to their exact business needs, by combining various kinds cloud solutions.
The cloud market growth today is largely in public clouds. While there is a lot of spend in IT departments in virtualization, these aren’t yet translating into a true “cloud” experience within the enterprise. What is stopping the growth of the “private cloud” market? In his general session at 18th Cloud Expo, Nara Rajagopalan, CEO of Accelerite, explored the challenges in deploying, managing, and getting adoption for a private cloud within an enterprise. What are the key differences between wh...
For basic one-to-one voice or video calling solutions, WebRTC has proven to be a very powerful technology. Although WebRTC’s core functionality is to provide secure, real-time p2p media streaming, leveraging native platform features and server-side components brings up new communication capabilities for web and native mobile applications, allowing for advanced multi-user use cases such as video broadcasting, conferencing, and media recording.
SYS-CON Events announced today that Venafi, the Immune System for the Internet™ and the leading provider of Next Generation Trust Protection, will exhibit at @DevOpsSummit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Venafi is the Immune System for the Internet™ that protects the foundation of all cybersecurity – cryptographic keys and digital certificates – so they can’t be misused by bad guys in attacks...
There will be new vendors providing applications, middleware, and connected devices to support the thriving IoT ecosystem. This essentially means that electronic device manufacturers will also be in the software business. Many will be new to building embedded software or robust software. This creates an increased importance on software quality, particularly within the Industrial Internet of Things where business-critical applications are becoming dependent on products controlled by software. Qua...
In addition to all the benefits, IoT is also bringing new kind of customer experience challenges - cars that unlock themselves, thermostats turning houses into saunas and baby video monitors broadcasting over the internet. This list can only increase because while IoT services should be intuitive and simple to use, the delivery ecosystem is a myriad of potential problems as IoT explodes complexity. So finding a performance issue is like finding the proverbial needle in the haystack.
Machine Learning helps make complex systems more efficient. By applying advanced Machine Learning techniques such as Cognitive Fingerprinting, wind project operators can utilize these tools to learn from collected data, detect regular patterns, and optimize their own operations. In his session at 18th Cloud Expo, Stuart Gillen, Director of Business Development at SparkCognition, discussed how research has demonstrated the value of Machine Learning in delivering next generation analytics to imp...
The 19th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Digital Transformation, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportuni...
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, demonstrated how to move beyond today's coding paradigm and shared the must-have mindsets for removing complexity from the develo...
SYS-CON Events announced today that MangoApps will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. MangoApps provides modern company intranets and team collaboration software, allowing workers to stay connected and productive from anywhere in the world and from any device.
Large scale deployments present unique planning challenges, system commissioning hurdles between IT and OT and demand careful system hand-off orchestration. In his session at @ThingsExpo, Jeff Smith, Senior Director and a founding member of Incenergy, will discuss some of the key tactics to ensure delivery success based on his experience of the last two years deploying Industrial IoT systems across four continents.
Basho Technologies has announced the latest release of Basho Riak TS, version 1.3. Riak TS is an enterprise-grade NoSQL database optimized for Internet of Things (IoT). The open source version enables developers to download the software for free and use it in production as well as make contributions to the code and develop applications around Riak TS. Enhancements to Riak TS make it quick, easy and cost-effective to spin up an instance to test new ideas and build IoT applications. In addition to...
Identity is in everything and customers are looking to their providers to ensure the security of their identities, transactions and data. With the increased reliance on cloud-based services, service providers must build security and trust into their offerings, adding value to customers and improving the user experience. Making identity, security and privacy easy for customers provides a unique advantage over the competition.
"We've discovered that after shows 80% if leads that people get, 80% of the conversations end up on the show floor, meaning people forget about it, people forget who they talk to, people forget that there are actual business opportunities to be had here so we try to help out and keep the conversations going," explained Jeff Mesnik, Founder and President of ContentMX, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.