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