announced today its plans to acquire , which operates an AI-driven malware detection platform.
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Redwood City, California-based Lastline has raised a total of $52.2 million since its 2011 inception, according to 蹤獲弝け .
led its last raise, ��in July 2017 that valued the company at about $114 million. While VMWare did not disclose how much it is paying for Lastline, sources familiar with the deal peg the purchase price at ���north��� of that $114 million valuation.
Other investors include and .
This marks the second exit for Thomvest Ventures in the past week. Last Thursday, we reported that had plans to purchase for a reported $1 billion.
VMware said it expects the Lastline buy to close during its fiscal quarter ending July 31. A source told that VMware will let go of some 40 percent of Lastline���s employees���about 50 staffers���as part of the acquisition. This news has not yet been confirmed by either company.
In a blog, VMware���s vice president of corporate development, Alex Wang, wrote that ���Lastline detects and contains sophisticated threats before they disrupt business.���
He added that, ���Lastline will bring world-class threat research from a renowned group of academic cybersecurity researchers.���
Lastline will give VMware a way to further increase the capabilities provided by its ��with network-centric threat research and behavioral analysis, Wang said.
���This will help accelerate our customers��� journeys toward intrinsic security,��� he wrote. ���We���ll add new tools to make security intrinsic across highly distributed, multi-cloud environments connected by a virtual cloud network, enabling any app on any cloud on any device.���
VMware, has made a known 46 acquisitions over time, according to 蹤獲弝け . This year, it also picked up �� and , a Palo Alto,California-based startup that raised $27 million in .
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