BlackBerry in talks to buy venture-backed Cylance: Reuters
BlackBerry Ltd is in talks to buy cybersecurity company Cylance Inc for as much as US$1.5 billion, Reuters reported, citing a Business Insider story. Irvine, California-based Cylance develops artificial intelligence-based products to prevent cyber attacks on companies and recently considered filing for an initial public offering, according to the report. Earlier this year, Cylance raised US$120 million in a financing led by Blackstone Tactical Opportunities. The company's other investors include DFJ, Insight Venture Partners and Khosla Ventures.
12 November 2018•1 min read
