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Symantec
Provides security, storage, and systems management solutions that help consumers secure and manage their information
About Symantec
Symantec was founded in 1982 by visionary entrepreneurs Gary Hendrix, Dennis Coleman, and Gordon Eubanks. The company began as a project focused on artificial intelligence-related research, but soon pivoted to software development, marking its entry into the burgeoning field of cybersecurity.
In the early 1990s, Symantec made a strategic acquisition of Peter Norton Computing, which brought the Norton Antivirus software under its umbrella. This move was pivotal, as it positioned Symantec as a leader in the antivirus market, a reputation it would maintain for decades.
Symantec went public in 1989, a significant milestone that provided the capital necessary for expansion and innovation. Over the years, the company continued to grow through a series of acquisitions, including Veritas Software in 2005, which expanded its capabilities into data management.
In 2019, Symantec's enterprise security business was acquired by Broadcom for $10.7 billion, marking another major chapter in its history. This acquisition allowed Symantec to focus on its consumer products, continuing to serve millions of users worldwide.
Today, Symantec remains a key player in cybersecurity, constantly evolving to meet the challenges of a digital world. Its journey from a small AI research project to a global cybersecurity leader is a testament to its adaptability and commitment to innovation.
Source: Dealroom company dataAt a glance
- Status
- Listed
- Founded
- 1982
- Headquarters
- San Jose, United States
- Listing
- IPO 2019
- Employees
- 12,839
- Open positions
- None listed
- Dealroom signal
- 63.8/100
- Industry
- Security
- Sector
- Cybersecurity
- Business model
- Manufacturing
- Client focus
- b2b
- Investment activity
- 57 companies, latest Sep 2019
- Capital deployed
- $426M
- Preferred round
- ACQUISITION
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| ACQUISITION✓Exit | Aug 2019 | $11B | $11B | Broadcom | ↗ |
| ACQUISITION✓Exit | Feb 2019 | $200M | $200M | Luminate Security | ↗ |
Financials
Revenue, earnings and other financial measures where available. Years marked “E” are estimates.
Growth signals
Latest recorded traffic for Symantec is 580K monthly website visits, down 71% over the last three months. Symantec's team declined 18.2% over the past year.
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Credit SesameMountain View, United StatesFull-lifecycle credit management service that helps consumers achieve financial wellness
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Javelin NetworksPetah Tikva, IsraelProtect active directory from every endpoint, agentless
$20Mvaluation
CyberCubeSan Francisco, United StatesDelivers data-driven cyber analytics built specifically for the insurance industry
$720Mvaluation
SurfEasyToronto, CanadaEncrypts all Internet traffic on your smartphone, tablet and computer
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Outlier SecurityUnited StatesOutlier Security Zero Impact Agentless Endpoint Detection, Response and Remediation
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FireglassTel Aviv-Yafo, IsraelEliminates malware, ransomware and phishing threats
$250Mvaluation
SkycureTel Aviv-Yafo, IsraelProtects businesses from mobile cyber attacks by predicting, preventing, and detecting physical, malware, network, and vulnerability exploits
$280Mvaluation
Watchful SoftwareCoimbra, PortugalData security and loss prevention solutions for businesses
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LifeLockTempe, United StatesIdentity Theft Protection From ID & Credit Fraud
$2.3Bvaluation
BluecoatSunnyvale, United StatesHardware for cybersecurity and traffic control
$4.7Bvaluation
BS
Blackfin SecurityCarson City, United StatesProvides phishing simulation and user awareness training, while delivering technical security training through Hacker Academy
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Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series A4 investors entered at this stage
Series B and later7 investors entered at this stage
Thomas Weisel Partners
Bill Joy
Crosslink Capital
Opportunity Capital Partners
Esther Dyson- Symantec
Starboard Value
Other known investors7 additional known investors
Broadcom- Luminate Security
DCM
General Catalyst
Grayhawk Capital
JMI Equity
Mantella Venture Partners
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about Symantec on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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