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Cylance, founded in 2012 and headquartered in Irvine, California, is a cybersecurity company that leverages artificial intelligence to prevent malware and cyberattacks. The company's innovative approach to endpoint security has made it a notable player in the industry, particularly serving healthcare organizations and medical device manufacturers. Cylance has raised a total of $297 million in funding, demonstrating significant investor interest in its technology and growth potential.
In November 2018, Cylance was acquired by BlackBerry, a major development in the company's history. This acquisition has likely impacted any potential plans for an initial public offering (IPO) that Cylance may have had prior to the deal. As a result of the acquisition, Cylance is now operating as a subsidiary of BlackBerry, and therefore, the prospect of a Cylance IPO is no longer applicable.
For investors interested in gaining exposure to Cylance's technology and growth, the most direct way would be through BlackBerry's publicly traded stock. However, it's important to note that BlackBerry's performance is influenced by various factors beyond just Cylance's contributions.
Given the current circumstances, we cannot provide any specific information or predictions regarding a Cylance IPO. The company's future strategic decisions will likely be aligned with BlackBerry's overall corporate strategy and goals.
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While Cylance's IPO prospects remain uncertain, investors interested in the cybersecurity sector don't have to wait on the sidelines. At Linqto, we offer members access to interests in promising private companies before they go public. Our platform provides opportunities to invest in potential industry leaders like Cylance, with lower minimum investments than traditional private equity channels. This allows you to potentially benefit from the growth of innovative cybersecurity firms before they hit the public markets.
*These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO. The information provided above is based on current online discussions and is not intended as investment advice. Linqto does not endorse or guarantee the accuracy of this information, and we strongly recommend conducting your own research or consulting with a professional advisor before making any investment decisions. Linqto cannot be held liable for any investment outcomes resulting from the use of this information.