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CrowdStrike Raises $100 Million in Series C Funding

CrowdStrike, a provider of endpoint protection and security intelligence solutions, announced on Monday that it has company has completed a $100 million Series C financing round, led by Google Capital.

CrowdStrike, a provider of endpoint protection and security intelligence solutions, announced on Monday that it has company has completed a $100 million Series C financing round, led by Google Capital.

The massive funding round brings the total amount raised by the Irvine, Calif-based Company to $156 million. The company raised $30 million in a Series B funding round in September 2013. 

CrowdStrike describes its flagship Falcon platform as a defense platform that helps customers detect, prevent and respond to attacks. Last summer the company launched a threat intelligence exchange platform that enables vendor partners to detect and attribute attacks and provides end customers with context about the attacks in their environment. 

CrowdStrike says it has more than tripled its growth of total billings and employees year-over-year, and counts three out of the top 10 largest global companies by revenue as customers, along with five out of the top 10 largest banks.

Hosting provider Rackspace also participated in the funding round, in addition to existing investors Accel and Warburg Pincus.

Rackspace CSO, Brian Kelly, said that his company plans to offer CrowdStrike technology as a key component to a line of security offerings being launched by Rackspace later this year.

Speaking on the funding, George Kurtz, CrowdStrike’s co-founder and chief executive officer, said the capital injection will help the company accelerate domestic and international expansion.

In April 2012, shortly after the company was publically introduced, CrowdStrike announced the hire of Shawn Henry, former executive assistant director of the FBI’s Criminal, Cyber, Response, and Services Branch. Henry currently serves as president of CrowdStrike Services and CSO. 

Written By

For more than 10 years, Mike Lennon has been closely monitoring the threat landscape and analyzing trends in the National Security and enterprise cybersecurity space. In his role at SecurityWeek, he oversees the editorial direction of the publication and is the Director of several leading security industry conferences around the world.

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