Carbon Black (company)

Carbon Black
Formerly
 Bit9
Public
Traded as NASDAQ: CBLK
Industry Endpoint security
Founded 2002 (2002) (as Bit9, Inc.)
Founders Todd Brennan
Allen Hillery
John Hanratty
Headquarters Waltham, Massachusetts, U.S.
Key people
 Patrick Morley, CEO
Products Security software
Number of employees
 1000+ (2018)
Website carbonblack.com

Carbon Black, Inc. (formerly Bit9, Inc.) is a cybersecurity company based in Waltham, Massachusetts.[1] The company develops endpoint security software that detects malicious behavior and prevents malicious files from attacking an organization.[2] It is an actor in the next-generation antivirus (NGAV), endpoint detection and response (EDR) and endpoint protection platform (EPP) space. The company leverages technology known as the Predictive Security Cloud (PSC), a big data and analytics cloud platform that analyzes customers’ unfiltered data for threats. [3]

The company has approximately 80 partners, including IBM and VMware. These partners account for approximately 125 product integrations.[4] According to its S-1 filing with the SEC, Carbon Black currently has 3,700 plus customers including 33 of the Fortune 100. [5]

On 4 May 2018, the company joined public markets, listing as "CBLK" on the Nasdaq exchange. As part of its IPO, Carbon Black raised approximately $152 million at a valuation of $1.25 billion. [6]

Prior to its IPO, the firm had raised $190M from investors including Kleiner Perkins, Highland Capital, Sequoia, Accomplice, and Blackstone.[7][8]

History

Carbon Black was founded as Bit9, Inc. in 2002 by Todd Brennan, Allen Hillery, and John Hanratty.[9][10] The company's first CEO was George Kassabgi.[11] The current CEO, Patrick Morley, was formerly the chief operating officer of Corel. He took over the position in 2007.[12]

In 2013, the company's network was broken into by malicious actors who copied a private signing key for a certificate and used it to sign malware.[13]

In February 2014, Bit9 acquired start-up security firm, Carbon Black.[14][15] At the time of the acquisition, the company also raised $38.25 million is Series E funding, bringing Bit9’s total venture capital raised to approximately $120 million.[16]

The company acquired Objective Logistics in June 2015.[17]

In August 2015, Carbon Black announced that it had acquired data analytics firm Visitrend and will open a technology development center in downtown Boston. A month later, the company announced it would partner with SecureWorks, Ernst & Young, Kroll, Trustwave, and Rapid7 to provide managed security and incident response services.[18][19]

The company changed its name from Bit9, Inc to Carbon Black, Inc. on February 1, 2016.[20]

In July 2016, Carbon Black announced it had acquired next-generation antivirus provider Confer for an undisclosed sum. Prior to the deal, Confer had raised $25M in venture funding and had more than 50 employees. According to The Wall Street Journal, the deal was valued at $100M.[21]

Awards

References

  1. ↑ "Carbon Black, Inc.: Private Company Information - Bloomberg". www.bloomberg.com. Retrieved 2018-02-13.
  2. ↑ "Advanced prevention: Nothing new, just better". Network World, June 6, 2014.
  3. ↑ "Carbon Black stocks close 26 percent up on first day of public trading". Cyberscoop, May 4, 2018.
  4. ↑ "SEC S-1 Filing". SEC, 2018.
  5. ↑ "SEC S-1 Filing". SEC, 2018.
  6. ↑ "Carbon Black IPO Pops In Hot Cybersecurity Market". Investors Business Daily, May 4, 2018.
  7. ↑ "Carbon Black | CrunchBase". www.crunchbase.com. Retrieved 2016-02-02.
  8. ↑ "Bit9 + Carbon Black Raises $54.5M - Carbon Black". Carbon Black. Retrieved 2016-02-02.
  9. ↑ "Dropbox's tale speaks to a Bay State weakness". The Boston Globe, August 5, 2012.
  10. ↑ "Company Overview of ReversingLabs Corporation". Bloomberg Businessweek, August 13, 2014.
  11. ↑ "George Kassabgi". Veracode, 2014.
  12. ↑ "Bit9 Names New CEO". Dark Reading, December 3, 2007.
  13. ↑ "Elite Chinese Cyberspy Group Behind Bit9 Hack". Dark Reading, September 18, 2013.
  14. ↑ "What does the Bit9 and Carbon Black merger mean for businesses?". Tech Radar, March 12, 2014.
  15. ↑ "Carbon Black S-1/A Filing, pg. 11". SEC.gov. May 2, 2018. Archived from the original on May 9, 2018.
  16. ↑ "Bit9 raises $38M, merges with Carbon Black in cybersecurity consolidation". Boston Business Journal, February 13, 2014.
  17. ↑ "Exclusive: Bit9 acqui-hires Objective Logistics". Retrieved 2015-06-23.
  18. ↑ "Bit9 + Carbon Black Announces the Addition of EY's Managed SOC to the "Bit9 + Carbon Black Connect" Alliance Partner Program - Bit9 + Carbon Black". Retrieved 2015-09-28.
  19. ↑ Bit9. "Cutting-Edge MSSPs Supercharge their Services with Bit9 + Carbon Black, the Market Leader in Next-Gen Endpoint Security". Retrieved 2015-09-28.
  20. ↑ "Bit9 + Carbon Black is Now Carbon Black - Carbon Black". Carbon Black. Retrieved 2016-02-02.
  21. ↑ Zakrzewski, Cat (2016-07-19). "Carbon Black to Acquire Confer in $100 M Deal". The Wall Street Journal. ISSN 0099-9660. Retrieved 2016-07-21.
  22. ↑ "Bit9 Named Best Anti-Malware Solution in GSN Homeland Security Awards | Business Wire". www.businesswire.com. Retrieved 2015-06-23.
  23. ↑ "2014 SC Awards U.S. Finalists". Retrieved 2015-06-23.
  24. ↑ "Bit9 + Carbon Black Named Best Endpoint Protection by Security Professionals in SANS Institute Awards". Bit9. Retrieved 2015-06-23.
  25. ↑ "Forrester Wave - Endpoint Security Suites Q4 2016". www.forrester.com. Forrester Research. 17 October 2016. Retrieved 27 October 2016.
  26. ↑ "Forbes Cloud 100". Forbes. Retrieved 22 November 2016.
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