CrowdStrike raises $200 million Series E funding

US-based cybersecurity provider CrowdStrike has announced a Series E financing round of $200 million.

The round, led by General Atlantic, Accel, and IVP with participation from March Capital and CapitalG, brings investment in the company to $481 million, with CrowdStrike’s valuation exceeding $3 billion dollars.

“CrowdStrike’s unique cloud-based approach positions them as a leading SaaS player in the endpoint security market, leveraging their platform to deliver on the full disruptive potential of the cloud, combined with a recurring subscription revenue model,” said David George of General Atlantic. “These are critical advantages for an endpoint security company, and we fully believe in CrowdStrike’s ability to excel in the endpoint security space,”

According to its press release on the subject, CrowdStrike’s business has doubled in the past year in terms of both revenue and headcount, and now has over 1000 employees worldwide, and serves 20% of the Fortune 500 companies.

“This round of funding will accelerate the growth of our operations and the pace of our innovation and technology development,” said George Kurtz, CEO and co-founder of Crowdstrike.

The company also reports 500% growth YoY in the number of $1 million or greater annual contract value transactions, 167% growth YoY in subscription customers, and 140% growth YoY in annual recurring revenue.

“The team at Accel is thrilled to participate in another funding round with CrowdStrike, underscoring our confidence in the company’s compelling value proposition,” said Sameer Gandhi, partner at Accel. “It is clear from CrowdStrike’s explosive growth that they have separated from the pack of next-gen vendors and continue to take market share from the legacy antivirus vendors.”

Researcher, writer, recovering medievalist. Currently particularly interested in the cybersecurity solutions market, cyber insurance/risk modelling, and IoT security.

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