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O.C. cyber security firm raises $15 million

Irvine-based Cylance raised funds through outside investors read more

By JAN NORMAN for the ORANGE COUNTY REGISTERPublished: February 14, 2013 08:30 AM

Cylance Inc., an Irvine cyber security firm, has received $15 million in funding from Khosla Ventures in Menlo Park and Fairhaven Capital in Cambridge, Mass., the company announced Wednesday.

Cylance said it will use the money to accelerate the marketing of its security products and services.

"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 Cylance CEO and President Stuart McClure, formerly an executive at McAfee/Intel.

Mark Hatfield, partner at Fairhaven Capital, said, "If you can secure the very fabric of our society and economy – critical infrastructure and key resources – you can secure anything. The security industry is ready for an overhaul, and Cylance has the vision, strategy and talent to lead the way."
In addition to new funding, Cylance announced its new board of directors including Patrick Heim, formerly of Kaiser Permanente and now Salesforce.com; retired Admiral William J. Fallon; and Alex Doll, co-founder PGP who sold to Symantec.

Fallon, former commander of U.S. Central and U.S. Pacific Commands, said, "I've seen breaches of security firsthand around the world and the biggest issue has been the failure to secure networks."

Separately, Cylance has established a board of advisors that includes: Paul Forney of Invensys; David Willson, Army/National Security Agency; Shane Shook, KPMG/PricewaterhouseCoopers; 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.