CrowdStrike raises $30 Million in Series B round


On Monday, California-based startup CrowdStrike announced that it has raised a $30 million Series B round of venture capital funding.

The round was led by Accel Partners, with its founding investor, the private equity firm Warburg Pincus, also participating.

Crowdstrike runs a cloud-based platform that uses advanced analytics and machine learning to analyze attacks in real time as they happen, and to determine who’s carrying out the attack. This problem of attribution is always a huge deal in computer-security circles. Once you know you’ve been attacked, you want to know who did it. Usually, you can find this out after the fact. It’s a little trickier to figure it out while the attack is still going on.

The firm uses a big data and analytics platform to keep track of hacking groups around the world, and George Kurtz, CEO and co-founder said it can usually figure out who’s behind an attack, and shut it down.

Security is obviously a big topic these days, given all the hacking that has been going on lately, whether it’s attacks on the New York Times by Syrian hackers bent on spreading propaganda, or theft of intellectual property by China’s People’s Liberation Army.

“We’ve built a platform that can identify the kind of attack that is being used, but we can also determine who’s behind it and what their motivation is,” added Kurtz.

The round brings CrowdStrike’s total capital raised to $56 million. Kurtz said the funds will be used to boost its sales hiring and to build out its engineering team.

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Written by Regina Timothy

Editor of TechNews Report. Loves all things technology

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