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BlackBerry to acquire AI-powered cybersecurity startup Cylance for $1.4 billion

November 16, 2018

The rumors, it seems, were true — BlackBerry is acquiring cybersecurity startup Cylance in an all-cash deal worth $1.4 billion.

Founded in 2012 by CEO Stuart McClure — an entrepreneur who sold a previous cybersecurity firm to McAfee for $86 million in 2004 — Irvine, California-based Cylance is an endpoint protection platform designed to thwart advanced threats using artificial intelligence (AI). Its suite of security protocols inspects networks for weaknesses and shuts them down if detected, and it doesn’t require a “signature” from an existing threat to block it — it can spot new threats.

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