CrowdStrike, a California company that promotes cloud-based endpoint protection to MSPs, has closed a $100 million Series D financing round. To date, CrowdStrike has raised $256 million in funding and has a valuation of over $1 billion, the company said.
CrowdStrike, which launched in 2011, offers endpoint security services and technology to help organizations gain "actionable intelligence and real-time protection from day one," the company claims. MSPs and SOC (security operations center) providers can leverage CrowdStrike's flagship Falcon Breach Prevention Platform to help their global customers stop breaches, the company claims.
CrowdStrike Growth: By the Numbers
The company, led by CEO George Kurtz, has been in growth mode. Among the milestones worth noting:
CrowdStrike works with MSPs -- but also is an MSSP in some respects. The company's 24x7 "managed hunting" service combines signatureless machine learning and advanced behavior-based analytics, CrowdStrike claims.
Demand for the company's software-driven cloud services should remain string. The global endpoint security solutions market will expand at a compound annual growth rate (CAGR) of 8.4 percent between 2017 and 2022, MarketsandMarkets predicts.
Additional insights from Joe Panettieri.
