CrowdStrike, the cloud-delivery endpoint protection company, has announced that it has executed a financing round of over $200 million, led by General Atlantic, Accel and IVP, with participation from March Capital and CapitalG. Following this round, the company has achieved a valuation of more than $3 billion.
This round of financing will help CrowdStrike continue to accelerate the global demand for the CrowdStrike Falcon platform, the new standard for endpoint protection. With explosive growth and strong customer and industry validation, CrowdStrike is demonstrating that its pioneering cloud-based approach is the future of endpoint security.
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Earlier this year, Gartner positioned CrowdStrike the highest in ability to execute and furthest in completeness of vision in the Visionaries Quadrant of the 2018 Gartner Magic Quadrant for Endpoint Protection Platforms (EPP). According to Gartner, “desirable EPP solutions are primarily cloud-managed, allowing the continuous monitoring and collection of activity data, along with the ability to take remote remediation actions, whether the endpoint is on the corporate network or outside of the office.”
In addition, CrowdStrike’s business doubled in the past year both with regards to revenue and headcount, serving more than 16% of the Fortune 1000 companies and 20 percent of the Fortune 500 companies.
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Other growth points underscoring the company’s business traction include:
• 500% year-over-year growth in the number of $1 million or greater annual contract value (ACV) transactions
• 167% year-over-year growth in the number of subscription customers
• 172% year-over-year growth in new subscription bookings ACV
• 140% year-over-year growth in annual recurring revenue
As CrowdStrike continues to scale the CrowdStrike Falcon platform, the company leverages threat telemetry and visibility into the global threat landscape. Powered by industry-leading AI, CrowdStrike processes over 100 billion security events a day to stop all attack types, including never-before-seen cyber threats. CrowdStrike’s AI engine is able to make more than 2.3 million decisions each second, significantly advancing real-time threat protection with speed and accuracy.