Malwarebytes Raises USD 100 Million from Vector Capital

7
Malwarebytes
Malwarebytes-Raises-USD-100-Million-from-Vector-Capital

Malwarebytes, a provider of cybersecurity solutions, revealed on Wednesday that Vector Capital had contributed USD 100 million as a minority investment, bringing the company’s total funding to USD 180 million.

The 2008-founded company is based in Santa Clara, California, and offers consumers and businesses real-time threat detection and prevention solutions that make use of deep threat intelligence, AI, and machine learning. Malwarebytes claims it will use the additional funding to grow its managed service provider (MSP) business and expand its product portfolios as well as channel partner momentum. The business also intends to add new features to its protection and privacy solutions that will aid organizations in lowering their attack surfaces.

The funding announcement follows an error by Malwarebytes, which led to the company’s anti-malware program flagging the domains of Google and YouTube as malicious.

Read More: Malwarebytes Raises $100 Million From Vector Capital

For more such updates follow us on Google News ITsecuritywire News. Please subscribe to our Newsletter for more updates.