Story image

CrowdStrike raises $100m in massive funding round backed by Accel & Telstra

30 May 17

Endpoint security provider CrowdStrike has just finished up a $100 million Series D financing round, as the company looks to push its global growth and meet demand for its products.

The funding round was led by existing investor Accel, as well as CapitalG, Warburg Pincus, Telstra and March Capital partners.

CrowdStrike has now has $256 million worth of funding under its belt, with a valuation of more than $1 billion.

“As one of CrowdStrike’s first customers, we have been impressed by the innovation and effectiveness of the Falcon platform. CrowdStrike has played an important role as part of Telstra’s security program. Also we have already successfully introduced CrowdStrike to some of our business customers and we are excited to strengthen our partnership through this investment," comments Telstra Ventures managing director Mark Sherman.

CrowdStrike has been a fast-growing company, achieving 476% growth in new endpoint protection platform subscriptions year over year, and a 253% growth in endpoint protection platform sensors deployed.

The company uses artificial intelligence and machine learning in its endpoint security solutions. It has impressed the likes of Accel's Sameer Gandhi, who says their choice to lead this round of funding reflects CrowdStrike's rapid market penetration and strength.

“The investment will enable CrowdStrike to build on the incredible momentum the company has experienced globally and expand its presence in domestic and international markets to meet the demand for its platform and services," Gandhi says.

CrowdStrike CEO George Kurtz says it's an exciting time for the company, and he's please to deepen relationships with new and existing investors alike. He says the funds will used to expand engineering, marketing, operations and sales.

“I can’t think of more powerful validation for our technology and vision than having our existing investors deciding to double down on their backing and being the only company in our industry that is funded by three customers," Kurtz concludes.

How McAfee aims to curb enterprise data loss
McAfee DLP aims to help safeguard intellectual property and ensure compliance by protecting sensitive data.
HPE promotes 'circular economy' for end-of-use tech
HPE is planning to show businesses worldwide that throwing old tech and assets into landfill is not the best option when it comes to end-of-use disposal.
2018 sees 1,500% increase in coinmining malware - report
This issue will only continue to grow as IoT forms the foundation of connected devices and smart city grids.
CSPs ‘not capable enough’ to meet 5G demands of end-users
A new study from Gartner produced some startling findings, including the lack of readiness of communications service providers (CSPs).
Oracle announces a new set of cloud-native managed services
"Developers should have the flexibility to build and deploy their applications anywhere they choose without the threat of cloud vendor lock-in.”
How AT&T aims to help businesses recover faster from a disaster
"Companies need to be able to recover and continue operations ASAP, without pulling resources from other places to get back up and running."
2019 threat landscape predictions - Proofpoint
Proofpoint researchers have looked ahead at the trends and events likely to shape the threat landscape in the year to come.
How your enterprise backup solution could fail
Even the best-trained employees are prone to error, and unfortunately, sometimes those errors affect enterprise backups.