Malwarebytes, a B2M cybersecurity company, has secured USD 100 million in minority investment from Vector Capital. The transaction is expected to close in Q4 of 2022. Malwarebytes’ total funding currently stands at USD 180 million.

The funds will be utilized to accelerate product innovation with new features to its consumer protection and privacy suite, launch new product modules for organizations, consolidate its ownership structure, grow its Managed Service Provider (MSP) business, enhance its international channel partner programs, expand its team, and grow its consumer and corporate cybersecurity business.

The funding round comes a month after it laid off 125 employees (14% of its global workforce) as part of its reorganization efforts. Despite the layoffs, the company’s revenue has grown YoY every year since its inception and it is operating with a positive cash flow.