Story image

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

30 May 2017

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.

Oracle updates enterprise blockchain platform
Oracle’s enterprise blockchain has been updated to include more capabilities to enhance development, integration, and deployment of customers’ new blockchain applications.
Used device market held back by lack of data security regulations
Mobile device users are sceptical about trading in their old device because they are concerned that data on those devices may be accessed or compromised after they hand it over.
Gartner names ExtraHop leader in network performance monitoring
ExtraHop provides enterprise cyber analytics that deliver security and performance from the inside out.
Symantec acquires zero trust innovator Luminate Security
Luminate’s Secure Access Cloud is supposedly natively constructed for a cloud-oriented, perimeter-less world.
Palo Alto releases new, feature-rich firewall
Palo Alto is calling it the ‘fastest-ever next-generation firewall’ with integrated cloud-based DNS Security service to stop attacks.
The right to be forgotten online could soon be forgotten
Despite bolstering free speech and access to information, the internet can be a double-edged sword, because that access to information goes both ways.
Opinion: 4 Ransomware trends to watch in 2019
Recorded Future's Allan Liska looks at the past big ransomware attacks thus far to predict what's coming this year.
Red Box gains compliance boost with new partnership
By partnering with Global Relay, voice platform provider Red Box is improving the security of its offerings for high-value and risk voice data.