CrowdStrike, a provider of security technologies and services focused on identifying advanced threats and targeted attacks, has raised USD30m in series B financing.
The round was led by Accel Partners and included founding investor Warburg Pincus.
Sameer Gandhi, partner at Accel Partners, will join the board of directors.
CrowdStrike will use the financing to further drive innovation in big data analytics and security intelligence and support an aggressive go-to-market strategy in the next-generation threat protection space.
"The completion of our funding is perfectly timed to meet growing demand for targeted attack detection, prevention, and monitoring," says George Kurtz, president/chief executive and co-founder of CrowdStrike. "Accel Partners has a thorough understanding of the big data sector and has displayed continued commitment to the market with their big data fund. We’re looking forward to deep collaboration with Accel Partners and Warburg Pincus as we work together to combat the proliferation of advanced attacks and increasingly sophisticated cyber threats."
Using big data technologies, CrowdStrike’s cloud-based next-generation threat protection platform leverages execution profiling and predictive security analytics. The fusion of big data and security intelligence allows companies to respond to advanced threats and hunt, query, and gain insight into all activity across the enterprise. CrowdStrike’s global intelligence team currently tracks 40+ actors around the world, including state-sponsored adversaries originating from China, Russia, Iran, North Korea, Pakistan, and India, and infuses this intelligence in its technology solutions.
The company recently introduced the CrowdStrike Falcon Platform which enables enterprises to identify unknown malware, detect zero-day threats, pinpoint advanced adversaries and attribution, and prevent damage from targeted attacks in real-time. The core of the Falcon Platform is a global network of host-based detection sensors driven by cyber threat intelligence to provide rapid detection and prevention capabilities to enterprises and governments worldwide.
"CrowdStrike’s impressive executive team has taken an extremely sophisticated data driven approach to identifying and protecting some of the most important industry leaders within finance, healthcare, telecom, energy, media and government," says Gandhi. "CrowdStrike stands alone and has effectively and rapidly scaled its business to help defend against what we know to be persistent and highly targeted cyber attacks."
"CrowdStrike has seen phenomenal growth over the last two years and has executed on an innovative approach to solving the targeted attack and advanced threat problem that enterprises are facing today," says Joseph P Landy, co-president, Warburg Pincus. "With an experienced leadership team at its helm and top talent company-wide, CrowdStrike is well positioned to continue disrupting the market and providing customers with a truly unique solution."
