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CyberSecurity Company CrowdStrike Raises $200M At $3B Valuation

Jay Mishra| Security | 5 months, 3 weeks



Crowdstrike, the cloud-native endpoint protection platform company has raised $200 million at a valuation of $3 billion. Crowdstrike’s cloud native cybersecurity platform combines next generation anti-virus with endpoint detection and response + managed threat hunting. After this round, the company’s funding raised totals more than $480 million.

 

This funding round was co led by General Atlantic, Accel, and IVP. Previous investors March Capital and CapitalG both participated in the company’s new financing.

 

Crowdstrike’s software is able to provide better protection using it's proprietary Falcon platform which prevents all types of malware attacks as well as advanced threats.

 

Their product looks at changes in user behavior on networked devices and uses that information to identify potential cyber threats. Company’s software is able to automatically uncover stealth attackers within a 5 second window of the endpoint activity.

 

Crowdstrike also provides a 24/7 threat hunting team which proactively identifies new threats and partners with the customers teams to quickly provide incidents before they materialize into a breach.

 

And Crowdstrike is able to provide all of these capabilities without using any on premise equipment and all through a cloud delivered end point solution.

 

The cyber security company claims 3 of the 10 largest companies by revenue, five tout of the 10 largest financial institutions, three of the top ten healthcare providers and three of the ten top energy companies as its customers. CrowdStrike currently protects more than 20 percent of the Fortune 500 companies.

 

The company claims that its software processes over 100 billion “security events” a day and its automated threat detection service makes 2.3 million decisions each second.

 

“As the threat landscape becomes more global and dangerous – and lines blur between nation state and criminal adversaries – you can count on CrowdStrike to provide the highest levels of protection to our customers. We stand so strongly behind our breach protection capabilities that we established an EPP Complete warranty of up to $1 million if a breach occurs within a customer’s protected environment.” said company’s CEO in a blogpost.

 



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