Story image

Cylance hits $100m in revenue thanks to growth in A/NZ

31 Jan 2018

Cylance has announced that it had surpassed $100M in trailing 12-month GAAP revenue in 2017 representing a 177 percent year-over-year growth.

The milestone took the innovative AI cybersecurity company only 39 months to reach from the moment it first shipped its flagship product making one of the fastest growing security companies in history.

The company recently appointed an A/NZ country manager, Jason Duerden, to help focus its 450% customer growth and 1323% revenue growth in the region from 2016 to 2017.

Duerden says, “Cylance’s global success is really due to challenging the status quo in the endpoint security market, removing unnecessary complex layers and focusing on solving the core problem of preventing cyber attacks. Cylance brought a new security model to market that leverages artificial intelligence to make security simpler for our customers, who benefit from knowing that the product just works.

“Cylance’s continued investment in Australia and New Zealand has resulted in rapid expansion and widespread customer adoption throughout the region. A/NZ is one of Cylance’s fastest growing international markets and continues to contribute to the overall success of the company worldwide.”

The company was the first to apply AI to endpoint protection and endpoint detection and response markets.

Eighty-seven of the Fortune 500 have adopted Cylance’s prevention platform and customers include Dell, Panasonic, and the United Service Organisations (USO).

“At Cylance, we’ve always encouraged our customers to think beyond legacy solutions, to reduce complexity and lower security costs,” says Cylance chairman and CEO Stuart McClure.

“Cylance blocked every single major campaign in 2017 with a completely AI-based approach that reduces layers, removes clutter and user friction, and provides silent prevention to the endpoint.”

In the past three years, next-generation cybersecurity technologies have captured significant market share and customer adoption.

The continued challenges and complexity of managing multiple layers, combined with the increased number of high-visibility breaches have exposed the weaknesses of predict and respond models of security protection.

These challenges are driving adoption of new preventative solutions in the market.

“Multiple new vendors have emerged in the endpoint security space in the last few years,” says Forrester Research senior analyst Chris Sherman.

“We believe that market growth will be driven by these new players as they expand their sales teams and get the word out to potential clients. We expect to see the highest growth rate in application integrity protection and endpoint visibility and control.”

Machine learning is a tool and the bad guys are using it
KPMG NZ’s CIO and ESET’s CTO spoke at a recent cybersecurity conference about how machine learning and data analytics are not to be feared, but used.
Pure Storage expands enterprise data management solutions
It has integrated StorReduce technologies for a cloud-native back up platform, and expanded its data fabric solution for cloud-based applications.
Survey finds DC managers want more efficiency, not horsepower
More servers and more CPU power used to be the answer to boosting data centre performance, but it appears this is no longer the case.
GoCardless to double A/NZ team by end of year
With a successful E round of investment and continuing organic growth globally, the debit network platform company aims to expand its local presence.
Micro Focus acquires Interset to improve predictive analytics
Interset utilises user and entity behavioural analytics (UEBA) and machine learning to give security professionals what they need to execute threat detection analysis.
TechOne bringing solar lights to students in need
The company is partnering with charity SolarBuddy to bring solar-powered lights to children in energy poverty to alleviate study stress after dark.
Universal Robots aims for A/NZ growth with new hire
Peter Hern takes on the role of leading customer support, sales and partner development for Universal Robots in Australia and New Zealand.
CylancePROTECT now available on AWS Marketplace
Customers now have access to CylancePROTECT for AI-driven protection across all Windows, Mac, and Linux (including Amazon Linux) instances.