Cybersecurity software firm Malwarebytes Inc. today announced that it has acquired online privacy solutions provider Cyrus Labs Inc. for an undisclosed price.

Founded in 2020, Cyrus offers a platform designed to shield individuals and businesses from increasing cybercrime and fraud threats. The platform explores the kill chain for consumer threats – considering social media, dark web content and overall online presence to form a view of threats specific to each individual, helping flag early indicators that something is awry.

For individuals, the company offers continuous credit monitoring, with users able to track their credit accounts and credit scores from one place, with alerts whenever suspicious activity is detected. The service also offers actionable steps in case of attempted identity theft.

For businesses, Cyrus offers in-house cybersecurity experts, account protection, device security and credit monitoring. The service is claimed to cover security blind spots, particularly in the work-from-home age, and reduce privacy concerns. It’s designed to be quick and easy to set up, with onboarding taking only minutes.

The acquisition is said by Malwarebytes to reinforce its commitment to privacy by giving users more control over their information, no matter where or how they choose to browse and interact online. The Cyrus team and technology will also assist Malwarebytes in strengthening its mobile privacy solutions.

“We firmly believe that data privacy is a human right. Hackers, trackers, location data and even browsing history are information that individuals should control,” Marcin Kleczynski, co-founder and chief executive of Malwarebytes, said in a statement. “The innovative technology Cyrus has built will allow us to better advise our customers on the intersection of privacy and security while also providing us the tools to safeguard their personal data and online privacy.”

In a separate blog post, Cyrus said that its “mission to make people safer and expertise in privacy and identity protection perfectly suits the Malwarebytes mission to bring cyber protection to everyone and their formidable malware protection.”

Cyrus did raise funding coming into its acquisition, but the total amount is not clear. According to PitchBook, the company raised $3.6 million in seed funding in November 2020, but the amount of subsequent funding rounds was not disclosed.

Investors in Cyrus include 1414 Ventures LLC, The Fintech Fund LP, Vesey Ventures LLC, 10X Capital LLC and American Express Ventures Corp.

Image: Cyrus Labs