SA国际传媒

Business Liquidity Startups

VMware To Acquire Lastline, Marking Thomvest Ventures’ Second Exit In A Week’s Time

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 SA国际传媒 .

led its last raise, 聽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 鈥渘orth鈥 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鈥檚 employees鈥攁bout 50 staffers鈥攁s part of the acquisition. This news has not yet been confirmed by either company.

In a blog, VMware鈥檚 vice president of corporate development, Alex Wang, wrote that 鈥淟astline detects and contains sophisticated threats before they disrupt business.鈥

He added that, 鈥淟astline will bring world-class threat research from a renowned group of academic cybersecurity researchers.鈥

Lastline will give VMware a way to further increase the capabilities provided by its 聽with network-centric threat research and behavioral analysis, Wang said.

鈥淭his will help accelerate our customers鈥 journeys toward intrinsic security,鈥 he wrote. 鈥淲e鈥檒l 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.鈥

VMware, has made a known 46 acquisitions over time, according to SA国际传媒 . This year, it also picked up 聽 and , a Palo Alto,California-based startup that raised $27 million in .

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