CrowdStrike Raises $200 Million at $3 Billion Valuation
20.6.18 securityweek IT
Sunnyvale, California – based endpoint security firm CrowdStrike today announced that it has secured over $200 million through a Series E round of financing, valuing the company north of $3 billion.
Founded in 2011, CrowdStrike takes a cloud-based approach to endpoint security and has more than doubled both its revenue and headcount over the past year. The company says it is currently serving more than 16% of Fortune 1000 companies and 20% of Fortune 500 companies.
According to the company, the newly secured funds will be used to accelerate the global demand for its CrowdStrike Falcon endpoint protection platform.
The company also says it has seen impressive year-over-year growth in various areas, including: 500% increase in number of $1 million or greater annual contract value (ACV) transactions, 167% increase in the number of subscription customers, 172% growth in new subscription bookings ACV, and 140% increase in annual recurring revenue.
In early June, the company launched its next-generation endpoint security breach prevention warranty, offering up to $1 million if a breach occurs within a customer’s protected environment, as part of its Falcon EPP Complete offering.
In July 2017, CrowdStrike teamed with Dragos, a company that specializes in protecting industrial control systems (ICS), on a strategic partnership to allow joint customers to benefit from a combination of CrowdStrike’s assessment, preparedness and incident response services and Dragos’ expertise in protecting ICS.
The Series E funding round was led by General Atlantic, Accel and IVP, with participation from March Capital and CapitalG.