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Business/Financial

Cylance Cyber Firm Completes Initial Closing Of $100 Million Series D Funding Round

Friday, June 10th, 2016

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The almost four-year-old cybersecurity company Cylance has completed the initial closing of a $100 million Series D funding round led by fund managed by Blackstone Tactical Opportunities and Insight Venture Partners with follow-on investments by the company’s existing investors, the company said Wednesday.Blackstone Tactical Opportunities and Insight Venture Partners are international investment and venture capital firms.The company said it will use this funding to support Cylance’s business growth by expanding sales, marketing, and engineering programs for Cylance endpoint protection go-to-market…

Congress

SASC’s FY ‘27 NDAA Sticks With Army’s Plan For Legacy Aviation Procurement Cuts

The Senate Armed Services Committee’s (SASC) version of the next defense policy sticks to the Army’s proposed plan to cut procurement of its legacy aviation fleet, and does not authorize […]

Congress

SASC Approves $1.14 Trillion FY ‘27 NDAA With ‘Right to Repair’ Reform, Stock Buyback Restriction

The Senate Armed Services Committee (SASC) has approved its $1.14 trillion version of the next defense policy bill, adopting “right to repair” reform to provide the military services’ greater ability […]

Congress

House Appropriators Unveil $1.07 Trillion FY ‘27 Defense Bill, Restore Funds For E-7, Army Aviation

House appropriators on Wednesday released their $1.07 trillion fiscal year 2027 defense spending bill, with the legislation reversing Army aviation cuts, restoring funding for the Air Force’s E-7 Wedgetail program […]

Congress

MOSA Implementation By Pentagon Lagging, GAO Official Says

While the Modular Open Systems Approach (MOSA) has been a requirement for major defense acquisition programs since January 2019 and other Defense Department acquisitions since January 2021, few programs are […]