According to Bromium's pitch to CNBC's Disruptor 50 list in 2013, fighting malware with traditional fire is an unwinnable battle. The only way to wage a new war against cyber attackers is to isolate viruses rather than try to keep them out in the first place.
In 2011, Bromium was founded by former Citrix engineers, and six years later, HP acquired the company. It wasn't a straight line regarding the success or market valuation of the company. After Bromium's failed attempt to raise additional funding in 2016, its valuation fell in half. At the same time, its growth and profitability were reported to be in the single digits.
Bromium's technology is currently integrated into HP's cybersecurity offerings, including products ranging from commercial PCs to printers.
In a blog post about the deal, Google Cloud CEO Thomas Kurian said customers demand more artificial intelligence and automation. After forming Bromium, Gaurav Banga has since created another cybersecurity firm, Balbix, with John Chambers as one of his investors. He recently announced that his firm had increased its investment in Balbix.
Cyber Momentum reports that last year was a record-setting year for acquisitions in the cyber sector, with 286 deals in total of 77 billion dollars, an increase of almost 300%. In addition, Crunchbase reported that over $21 billion in venture capital was invested last year, an increase of about 145% from 2020, including one of the largest funding rounds ever for a security start-up, Lacework's 1.3 billion dollars in November at a valuation of $8.3 billion.