Irvine-based security software maker CrowdStrike Inc. has raised $100 million in a Series C funding round led by Google Inc.’s capital investment arm, Google Capital. Rackspace RAX, +3.05% a CrowdStrike customer, also participated in the round along with existing investors Accel and Warburg Pincus.
Advertisement
Crowdstrike has raised $156 million in venture funding, The Wall Street Journal reported, and has not disclosed its revenue or profitability.
As mentioned by CrowdStrike, global deployments of its Falcon platform have fueled the growth of its total billings and employees, which have tripled year-over-year, while also increasing its customer base.
CrowdStrike’s platform services a wide array of businesses across numerous industries, including payment processors, banks, oil and gas companies and tech firms.
“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”, said George Kurtz, CrowdStrike’s co-founder and chief executive officer, in a press release.
Crowdstrike offers a remote monitoring service for its clients’ networks, aiming to detect hacking attempts at an early stage. Falcon’s patented lightweight endpoint sensor can be deployed to over 100,000 endpoints in hours providing visibility into billions of events in real-time. The technology monitors, detects and prevents sophisticated attacks with what’s called an Indicator of Attack (IOA) approach, which the company said is the future of next-generation security solutions. You Have an Adversary Problem.™.
The company plans to use some of the money to expand its operations in Europe, Asia and the Middle East.
Advertisement
Kurtz said that Google will not take a board seat but that CrowdStrike would benefit from Google advice on a range of issues, including growth and on defending mobile devices running the company’s Android software. Some of Google Capital’s investments to date include SurveyMonkey, Lending Club, Credit Karma, ZenPayroll and Glassdoor.
