By all accounts, Cylance, a cybersecurity firm in Irvine, has had a very good year.
The firm this week reported its year-over-year revenue had leaped 283 percent. It also hired a new chief financial officer who will be responsible for building out Cylance’s financial infrastructure as it plots “hyper-growth.”
The company, founded in 2012, uses algorithmic science and artificial intelligence to detect hackers before they can damage a company or government agency. Clients include Fortune 500 companies, universities and government agencies.
Cylance this year is getting into the individual cybersecurity business with a new product called CylanceProtect Home Edition. The software is aimed at employees who take work home, and claims to protect computers and a family’s personal devices using artificial intelligence to “predict, detect, and prevent malware before it can ever execute,” according to Cylance’s website.
Since its debut, Cylance has received millions of dollars in venture capital, expanded its offices to London and Australia and made plans to expand into Sweden, Japan, Singapore, Latin America and the Middle East.
Cylance in a statement said overall deals grew 171 percent.
The company hired Brian Robins as chief financial officer after its cofounding CFO Jeffrey Ishmael exited the company in late 2016. Robins previously was CFO at the cybersecurity firm AlienVault. His work also includes executive roles at CSC, a multinational IT and professional services company.
“Brian is a top-tier finance executive who will add incredible experience to Cylance in the next phase of the company’s accelerated growth both domestically and internationally,” Stuart McClure, Cylance chairman and CEO, said in a statement. “Brian has a proven record of increasing company performance and will be critical in building out our financial infrastructure to support our continued hyper-growth and expansion into adjacent markets.”
McClure said Robins’ role would include helping the company expand into adjacent markets.
Demand for Cylance’s services has skyrocketed in the company’s short history. The firm reports its year-over-year customer count has grown 169 percent. Clients include Toyota, GameStop, Apria Healthcare, AlliedBarton Security Services and Panasonic.