Posted on June 19, 2018 by staff

Cyber security firm valued at $3bn after $200m raise


Cyber security firm CrowdStrike has raised $200 million in its latest round of funding.

The Silicon Valley-based company has now been valued at more than $3 billion.

The financing round was led by General Atlantic, Accel and IVP, with participation from March Capital and CapitalG.

It said the financing will help accelerate global demand for its Falcon platform, a pioneering cloud-based approach to endpoint security.

“Customers have chosen our technology because it delivers the most value in stopping breaches and flat out works,” said George Kurtz, co-founder and chief executive officer of CrowdStrike.

“We are building the business to support massive sales volume and this round of funding will accelerate the growth of our operations, continued innovation, technology development, and geographic expansion.”

CrowdStrike’s business revenue and headcount has doubled in the last year. The firm now serves more than 16 per cent of Fortune 1000 companies and 20 per cent of Fortune 500 companies.