$50M INVESTMENT IN CORK-BASED SECURITY FIRM

US mutual funds company, Fidelity, has announced a $50 million investment in cybersecurity firm Malwarebytes, which is based in San Jose, California with EMEA headquarters in Cork, Ireland.

Malwarebytes runs on over 250 million computers around the globe, of which one-fifth is in business environments, making the company one of the fastest growing cybersecurity firms in the world.

“This investment is very significant for growth in the enterprise market in Europe. The new funding round will support our aggressive expansion through Malwarebytes EMEA headquarters in Cork, where our headcount has been increasing rapidly over the last six months, due to strong business development in the EU,” said Anthony O’Mara, VP at Malwarebytes EMEA.

Malwarebytes was founded in 2008 by teenager Marcin Kleczynski who was determined to clean malware off his mother’s computer. Since then the company has gained a reputation for its proactive anti-malware protection subscriptions and other computer security software.