Press + Media Contact
Cylance PR Team
Attributes 283 percent revenue growth to team, partners and AI innovation within product offerings
IRVINE, CALIFORNIA, November 9, 2017 - Cylance® Inc., the company that revolutionized the antivirus industry with AI-powered prevention that blocks everyday malware along with today’s most advanced cyberthreats, announces that it has ranked number 10 on Deloitte’s Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America. Cylance revenue grew 283 percent over the past year.
“The Deloitte 2017 North America Technology Fast 500 winners underscore the impact of technological innovation and world class customer service in driving growth, in a fiercely competitive environment,” said Sandra Shirai, vice chairman, Deloitte Consulting LLP and U.S. technology, media and telecommunications leader. “These companies are on the cutting edge and are transforming the way we do business. We extend our sincere congratulations to all the winners for achieving remarkable growth while delivering new services and experiences for their customers.”
Cylance, the first company to apply artificial intelligence, algorithmic science and machine learning to cybersecurity, is revolutionizing cyber defense with products and services that proactively prevent, rather than reactively detect, the execution of advanced persistent threats and malware. Its technology is deployed on over ten million endpoints and protects hundreds of enterprise clients worldwide, including Fortune 100 organizations and government institutions.
Cylance has achieved a number of milestones in 2017, including:
- Overall bookings growth of 119 percent
- Customer base increase of 169 percent
- Appointment of Brian Robins, a seasoned CFO with both IPO and acquisition experience, as Chief Financial Officer
- Release of industry’s first AI-driven endpoint detection and response (EDR) solution, CylanceOPTICS
- Release of CylancePROTECT Home Edition, the first AI-driven next-generation antivirus for the consumer security market
- Revenue growth of 13,057 percent over three years
“Emerging growth companies are powering innovation in the broader economy. The growth rates delivered by the companies on this year’s North America Technology Fast 500 ranking are a bright spot for the capital markets and a strong indicator that the emerging growth technology sector will continue to deliver a strong return on investment,” said Heather Gates, national managing director of Deloitte & Touche LLP’s emerging growth company practice. “Deloitte is dedicated to supporting the best and brightest companies of the future in the emerging growth company sector. We are proud to acknowledge the significant accomplishments of this year’s Fast 500 winners.”
"Cylance’s inclusion in the Deloitte’s Technology Fast 500 in 2017 is a humbling reminder of how far we’ve come in such a short amount of time, and true recognition of how big the security problem is today. Cylance employee’s tireless passion comes from the innate drive to prevent cyberattacks without any traditional means and thereby predict attacks before they start, something truly unique in cybersecurity today. Cylance has a bold vision for the future of the world, and our traction in the market is evidence of our ability to execute on it,” said Stuart McClure, Chairman and CEO at Cylance. “Our growth and leadership in the security space wouldn’t be possible without the talented and highly motivated Cylance team, our OEM and channel partners, as well the consistent innovation that defines our products."
About Deloitte’s 2017 Technology Fast 500™
Deloitte’s Technology Fast 500 provides a ranking of the fastest growing technology, media, telecommunications, life sciences and energy tech companies — both public and private — in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2013 to 2016. In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company's operating revenues. Companies must have base-year operating revenues of at least $50,000 USD, and current-year operating revenues of at least $5 million USD. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the “Deloitte” name in the United States and their respective affiliates. Certain services may not be available to attest clients under the rules and regulations of public accounting. Please see www.deloitte.com/about to learn more about our global network of member firms.
About Cylance® Inc.
Cylance is the first company to apply artificial intelligence, algorithmic science and machine learning to cybersecurity to prevent the most advanced security threats in the world. Using a breakthrough predictive analysis process, CylancePROTECT quickly and accurately identifies what is benign and what is a threat, and prevents malicious code from ever executing on a targeted system. By coupling advanced machine learning and artificial intelligence with a unique understanding of an attacker’s mentality, Cylance provides technology and services that are truly predictive and preventive against the most advanced threats. For more information visit: www.cylance.com
Cylance and CylancePROTECT are registered trademarks or trademarks owned by Cylance Inc. in the United States and other jurisdictions and may not be used without prior written permission. All other trademarks are the property of their respective owners.