BlackBerry Bets $1.4B on IoT Security With Cylance Acquisition - IoTOnliner.com

BlackBerry Bets $1.4B on IoT Security With Cylance Acquisition –

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BlackBerry Bets $1.4B on IoT Security With Cylance Acquisition –

BlackBerry will pay $1.4 billion in cash to acquire endpoint security unicorn Cylance. The artificial-intelligence ( AI) based technology will boost BlackBerry’s endpoint management and QNX software, which is used in autonomous cars.

Cylance’s endpoint detection software uses AI to do threat hunting, attack analysis, and incident response. Former McAfee veterans founded the startup in 2012 and closed a $120 million funding round in June, bringing its total raised to $297 million.