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[July 15, 2014]
Malwarebytes Reports Raising $30M in Series A Funding from Highland Capital Partners [Professional Services Close - Up]
(Professional Services Close - Up Via Acquire Media NewsEdge) Malwarebytes reported it has received $30 million in Series A funding from Highland Capital Partners.
According to a release, the new financing will be used to accelerate the global expansion of Malwarebytes' security technologies, which stop threats that defeat traditional endpoint security products.
Malwarebytes has recently announced two new products, including one of the world's first mass-market anti-exploit technologies. The company's enterprise offering also continues to gain traction with organizations seeking to protect themselves from today's targeted data breaches, contributing to significant revenue growth and a tripling of staff.
"With no previous funding, the Malwarebytes team has built an advanced engine which has stopped billons of cutting-edge threats. The company's reputation for detecting the most sophisticated malware in this way has created a hugely loyal customer-base," said Corey Mulloy, Partner at Highland Capital Partners.
"We're proud to join the Highland Capital portfolio and this round of financing will accelerate our global expansion plans," said Marcin Kleczynski, CEO of Malwarebytes. "It will allow us to continue building an even better company for protecting our devoted army of personal users and businesses all over the world." Malwarebytes provides software designed to protect consumers and businesses against malicious threats that consistently escape detection by other antivirus solutions.
More information and complete details: malwarebytes.org ((Comments on this story may be sent to email@example.com)) (c) 2014 ProQuest Information and Learning Company; All Rights Reserved.
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