Press Release: Malwarebytes Raises $50 Million Investment from Fidelity
"Malwarebytes has secured $50 million in funding from investment firm Fidelity Management and Research.
Malwarebytes intends to use the cash to hire new engineers and security specialists, enhance research into the cybersecurity threat landscape, and as a means to advance sales and product initiatives.
At the time of the announcement, Marcin Kleczynski, CEO of Malwarebytes, said that while the company is best known for consumer products, the fastest growth was experienced in the enterprise realm, where "companies have realized that 'removal and remediation' must be a part of your security arsenal."
It is likely that at least part of the new funding round will go towards enhancing these enterprise sales. If Malwarebytes can carve itself a strong position in the corporate market, this bodes well for the firm as a whole in a time where companies are finding themselves more and more often targeted by cyberattackers -- and where security breaches can be devastating both to reputation and the balance sheet."
Malwarebytes intends to use the cash to hire new engineers and security specialists, enhance research into the cybersecurity threat landscape, and as a means to advance sales and product initiatives.
At the time of the announcement, Marcin Kleczynski, CEO of Malwarebytes, said that while the company is best known for consumer products, the fastest growth was experienced in the enterprise realm, where "companies have realized that 'removal and remediation' must be a part of your security arsenal."
It is likely that at least part of the new funding round will go towards enhancing these enterprise sales. If Malwarebytes can carve itself a strong position in the corporate market, this bodes well for the firm as a whole in a time where companies are finding themselves more and more often targeted by cyberattackers -- and where security breaches can be devastating both to reputation and the balance sheet."
