CrowdStrike Gets $30M In New Round Of Funding

[InfoSec News <alerts () infosecnews org>]

http://www.darkreading.com/management/crowdstrike-gets-30m-in-new-round-of-fun/240161057/

By Tim Wilson
Dark Reading
September 10, 2013

Security vendor CrowdStrike received an infusion of $30 million in funding 
Monday, and investors say they are putting their dollars behind companies 
that are rethinking the security problem.

In a press release, CrowdStrike announced that it had raised an additional 
$30 million in Series B financing, led by high-tech venture capital firm 
Accel Partners and Warburg Pincus.

CrowdStrike, which has gained wide attention through its focus on 
identifying adversaries, rather than just the malware they distribute, was 
not hunting for funding, but the investors made an offer that was too good 
to pass up, says George Kurtz, president, CEO, and co-founder of the 
company.

"Accel and Warburg both see an opportunity to redefine the way we think 
about security," Kurtz says.

Venture firms and other investors say they are looking for companies with 
a new approach to security because the threat continues to escalate 
despite rising enterprise investment in existing technology. Kurtz says he 
receives an average of "five emails a week" from venture funding firms 
interested in putting their money behind CrowdStrike's approach.

[...]



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