Malwarebytes raises more than £17 million in VC funding
San Francisco-based endpoint security company Malwarebytes announced today that it has received $30 million (approximately £17.53 million) in Series A funding from Highland Capital Partners.
The funding will be used to accelerate the global expansion of its security technologies, which are used to combat sophisticated threats such as malware, zero-day exploits and mobile threats.
A spokesperson for the firm told SCMagazineUK.com that the money would also go towards “specific projects to grow the company”, such as recruitment, improved support and global marketing, as well as upgraded computer systems and processes at the company itself.
The company was formed in 2008 and is said to have some 60 million quarterly active users. It's free software was recently named in an Opswat Anti-Virus Market Share report as to having the second highest number of user-installs worldwide, behind Microsoft.
“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.