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Cybersecurity

BlackRock-Backed Round Values Cyber Firm Acronis at $3.5 Billion

  • New round raised Swiss cyber company’s value from $2.5 billion
  • Acronis seeks growth through acquisitions and hiring

Cybersecurity provider Acronis raised $250 million in new funding from institutional investors earlier this year to expand its business, including through acquisitions and hiring.

The fresh investment valued the company at more than $3.5 billion, an Acronis representative said in a statement. BlackRock Inc. was among those to participate in the deal, according to people familiar with the matter, who asked not to be identified discussing confidential information.