Technology-focused private equity firm Vector Capital is to make a $100 million strategic minority investment in real-time cyberprotection business Malwarebytes.
Vector Capital Managing Directors Sandy Gill and Dave Fishman will join the company’s Board of Directors as part of the transaction.
Founded in 2008, Malwarebytes detects and mitigates cyber threats for customers through intelligence, AI and machine learning.
The new capital will be deployed for product innovation, scaling the channel partner program and grow its Managed Service Provider business, the company said.
The funding by Vector Capital follows investments led by Highland Capital Partners and Fidelity Management and Research Company.
The transaction is subject to standard and customary closing conditions and is expected to close in the fourth quarter of 2022.
