CrowdStrike, the cybersecurity technology company, announced on Tuesday (June 19) that it raised $200 million in a Series E round of financing led by General Atlantic, Accel and IVP, with participation from March Capital and CapitalG. In a blog post, the company said that with this most recent round, it has raised more than $480 million and that its valuation now surpasses $3 billion.
“Since our founding in 2011, we’ve remained completely dedicated to our customers’ security and success. In less than seven years, we took an initial idea and built a global leader with more than 1,000 employees worldwide,” wrote George Kurtz, co-founder of CrowdStrike. “We’ve established cloud-based endpoint protection and our CrowdStrike Falcon platform as industry standards. The company leverages unmatched threat telemetry and visibility into the global threat landscape – powered by industry-leading AI that processes over 100 billion security events a day to stop all attacks, including threats never seen before. CrowdStrike currently protects more than 20 percent of the Fortune 500 companies.”
According to the executive, as the threat landscape worsens and the lines blur between nation-state and criminal adversaries, CrowdStrike will be there to provide protection to its customers. He said the company stands so strongly behind its breach protection capabilities that it established an EPP Complete warranty of up to $1 million if a breach occurs within its protected environment.
“Behind CrowdStrike’s remarkable technology and business stands the most talented team in security in the world. We have always focused on hiring the best – no matter where they are – and have nurtured a unique CrowdStrike culture that values innovation, collaboration and protecting our customers,” wrote Kurtz. “Geographical borders, organizational boundaries and time zones never hinder or slow CrowdStrike’s detection, deterrence and defeat of adversaries. From developing the most agile and productive endpoint agent to hunting down the stealthiest adversaries, I am moved every day by the commitment, expertise and creativity of the CrowdStrike team.”