Google Capital leads CrowdStrike Dollars 100 mln funding round

CrowdStrike has been hard at work protecting endpoints from threats with its security software, and now the Irvine, California-based company has protected its own technology with a new patent.

SAN FRANCISCO, July 13 Closely held cybersecurity firm CrowdStrike Inc has raised $100 million in a funding round led by Google Capital, giving it an undisclosed valuation that sources close to the transaction said was approaching $1 billion. Crowdstrike’s D.C.-based chief technology officer, Dmitri Alperovitch, has a long history of calling out foreign hacker groups.

Crowdstrike has raised $156 million in venture funding, The Wall Street Journal reported, and has not disclosed its revenue or profitability. The patented kernel-based security agent is critical to the core functionality of the platform, which requires no on-premise management services or additional costs of ownership for customers, which also are other key benefits of Falcon, according to the company.

As the effectiveness of traditional antivirus and malware-centric security approaches continue to rapidly diminish, the CrowdStrike Falcon platform solves this fundamental problem by enabling organizations to detect, prevent and respond to attacks, at any stage – even malware-free intrusions.

Added Kurtz, “It’s extremely gratifying to bring in a high-caliber investor like Google Capital which shares our passion for innovation and sees the opportunity to completely transform the security industry”.

CrowdStrike, which was established in 2011, helps businesses and government agencies identify and fight security attacks, plus provides monitoring services.

The company plans to use some of the money to expand its operations in Europe, Asia and the Middle East. Advised by Google technology and product leaders, the Google Capital team has the extensive operational and technical expertise to make smarter investments and help our portfolio companies succeed. It has also backed SurveyMonkey, Lending Club Corp and Glassdoor.


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