Thursday, July 16, 2015

Crowdstrike Raises $100M for SaaS-based Endpoint Protection

CrowdStrike, a start-up based in Irvine, California, has completed a $100 million Series C financing round for its Software-as-a Service (SaaS) based next-generation endpoint protection platform.

The company says its Falcon platform enables organizations to detect, prevent and respond to attacks, at any stage – even malware-free intrusions - more effectively than traditional antivirus and malware-centric security solutions. CrowdStrike said it has seen massive deployments by Fortune 500 companies worldwide and that total billings have triple year-over-year.

The new funding round was led by Google Capital. Rackspace, a CrowdStrike customer, also participated in the round along with existing investors Accel and Warburg Pincus. This brings the company’s total funding raised to $156 million.