CrowdStrike Announces Establishment of Falcon Fund
August 26 2019 - 8:10AM
Business Wire
In partnership with Accel, CrowdStrike will co-invest in
security startups that are building applications on the CrowdStrike
Falcon platform
CrowdStrike® Inc. (Nasdaq: CRWD), a leader in cloud-delivered
endpoint protection, today announced the launch of Falcon Fund, an
$20 million dollar early stage investment fund started by
CrowdStrike®, in partnership with Accel. Falcon Fund will focus on
seed and Series A investments in startups that are building
applications on the CrowdStrike Falcon® platform.
The Falcon Fund will act as a co-investor and strategic partner
alongside lead investors looking for innovative startups that are
passionate about solving today’s most pressing security and IT
challenges for customers. CrowdStrike will include selected vendors
in the CrowdStrike Store, the first open cloud-based,
single-agent Platform as a Service, or PaaS, for cybersecurity. The
CrowdStrike Store offers a unified Security Cloud ecosystem of
trusted partners and applications to customers. With Falcon Fund,
CrowdStrike will help foster innovation for new startups by
accelerating route-to-market and ability to commercialize
innovation.
CrowdStrike Falcon’s cloud-native, open API architecture was
built to provide a shared security ecosystem where developers and
partners could dramatically shape the future of security and IT
operations. Through the CrowdStrike Store, startups and partners
can develop new solutions without the need to build or deploy new
endpoint agents or invest in expensive platforms for storage and
analytics. The collection and analysis of machine-level data helps
to inform security professionals of threats and create programmable
actions within the Falcon ecosystem.
CrowdStrike collects massive amounts of endpoint data related to
security and IT operations events, currently at the rate of two
trillion per week, and enables startups to leverage the platform’s
data and infrastructure to rapidly develop new solutions that they
can then seamlessly market and deliver via the CrowdStrike Store.
Through the Store, CrowdStrike also offers significant partner
resources to qualifying startups that include integration,
marketing and go-to-market support.
Key benefits of Falcon Fund include:
- For customers: Applications developed by startups give
customers access to new and compelling innovations to help increase
their overall security posture and optimize IT operations without
deploying or managing additional agents.
- For startups: Startups receive resources to help with
development and integration of applications, accelerating their
go-to market strategy and benefiting from the overall value of the
CrowdStrike Falcon ecosystem.
- For partners: Partners are further empowered through the
unique, collaborative security cloud ecosystem of the CrowdStrike
Store to target new customers by the addition of applications
developed by Falcon Fund startups.
“With the launch of Falcon Fund, we are investing in the next
generation of innovators who are committed to solving today’s most
pressing security and IT challenges by leveraging the unique
cloud-native architecture and lightweight agent of the Falcon
platform. We plan to invest in companies that share our focus on
customer success, simplifying security, IT operations and
management with our modern, cloud-native platform,” said George
Kurtz chief executive officer and co-founder of CrowdStrike.
“Cyberattacks continue to impact enterprises in every industry,
and we're excited to co-invest with CrowdStrike in startups
tackling some of the most business-critical issues that
organizations face today. Falcon Fund will provide the resources
needed to take advantage of the open API-model of the CrowdStrike
platform to stop cyber threats and improve IT operations. Through
the fund, CrowdStrike and Accel will continue to advance innovation
in the cloud and activate the value of threat data at scale,” said
Sameer Gandhi, partner at Accel.
To qualify, startups must meet the following criteria:
- An experienced and hungry team looking to tackle a significant
problem that requires performing analytics on endpoint data and/or
taking actions on the endpoint
- Existing interest from other lead investors, early stage
funding rounds preferred
- Usage of the CrowdStrike Falcon cloud platform and endpoint
agent
- A product that offers attractive market opportunity
Interested companies looking to submit an application can visit
the CrowdStrike website for more details.
For more, read a blog from CEO George Kurtz on the
establishment of Falcon Fund.
About CrowdStrike
CrowdStrike® Inc., a global cybersecurity leader,
is redefining security for the cloud era with an endpoint
protection platform built from the ground up to stop breaches. The
CrowdStrike Falcon® platform’s single lightweight-agent
architecture leverages cloud-scale artificial intelligence (AI) and
offers real-time protection and visibility across the enterprise,
preventing attacks on endpoints on or off the network. Powered by
the proprietary CrowdStrike Threat Graph®, CrowdStrike Falcon
correlates over two trillion endpoint-related events per week in
real time from across the globe, fueling one of the world’s most
advanced data platforms for security.
With CrowdStrike, customers benefit from better protection,
better performance and immediate time-to-value delivered by the
cloud-native Falcon platform.
There’s only one thing to remember about CrowdStrike: We stop
breaches.
Qualifying organizations can gain full access to Falcon Prevent™
by starting a free trial.
Learn more: https://www.crowdstrike.com/
Follow us: Blog | Twitter
© 2019 CrowdStrike, Inc. All rights reserved. CrowdStrike, the
falcon logo, CrowdStrike Falcon and CrowdStrike Threat Graph are
marks owned by CrowdStrike, Inc. and registered with the United
States Patent and Trademark Office, and in other countries.
CrowdStrike owns other trademarks and service marks, and may use
the brands of third parties to identify their products and
services.
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version on businesswire.com: https://www.businesswire.com/news/home/20190826005177/en/
CrowdStrike, Inc. Ilina Cashiola 202-340-0517
Ilina.cashiola@crowdstrike.com
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