FireEye secures $400m in a strategic investment

Intelligence-led security platform FireEye has received a $400m strategic investment led by Blackstone Tactical Opportunities.

The capital was raised to support FireEye’s development of its cloud, platform and managed services.

Cybersecurity-focused investment firm ClearSky also contributed to the round. Terms of the deal mean Blackstone and ClearSky will buy $400m in newly designated Series A convertible preferred stock. Shares were priced at $1,000 apiece.

This capital injection will also support the cybersecurity company’s recent acquisition of Respond Software, a digital security investigation automation company. The platform leverages an AI-powered extended detection and response engine to automate threat investigations.

FireEye is an intelligence-led security company that helps organisations to combat online threats. Its products include enterprise security, threat intelligence, security validation and security consulting.

Blackstone senior managing director Viral Patel said, “Blackstone and FireEye have a shared vision of the unique role FireEye can play in addressing the increasingly sophisticated cyber security challenges their customers face.

“Intelligence and expertise are critical in delivering effective cyber security solutions, and FireEye is an industry leader in both. We are excited to partner with the company’s board and management to accelerate execution on their vision.”

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