Cylance, a cybersecurity firm in Irvine, lands $120 million from investors

Cylance, an Irvine-based cybersecurity firm, continues to secure big bucks from investors, this time raising $120 million to fund global expansion, sales and development efforts. Blackstone Tactical Opportunities led the funding round with other investors, according to Cylance's announcement Tuesday, June 19. Cylance uses artificial intelligence to predict cyberattacks on computer networks. Since its debut in 2012, the company has secured millions from investors who believe in the company's algorithmic technology. In 2017, the company reported $100 million in revenue, a first for the startup.