The world’s largest antivirus software maker, AVAST has just announce a large investment into their company. AVAST known as one of the best free antivirus softwares out there, has given growth equity investor Summit Partners a minority stake in the company. In return, Summit Partners will invest $100 million in AVAST.

AVAST uses a freemium model for their software. Anyone can download, install, and use AVAST Antivirus free of charge. Because of this, the software has become extremely popular across the globe. However, AVAST also provides a premium (paid) version of their popular software to those willing to pay a little money for further protection. 20% of computers world wide are currently using the company’s software, and these numbers are expected to rise even more in the near future. Nearly 100 million registered users have downloaded and installed the virus and malware protection.

Scott Collins, of Summit Partners who will be joining the Board of Directors at AVAST, said, “Under the direction of its CEO Vince Steckler, and its co-founders, Pavel Baudis and Eduard Kucera, AVAST Software has carved a unique position in the global marketplace for security software. We are pleased to invest in AVAST and look forward to working closely with Vince and the entire management team to support the company’s continued growth.”