CrowdStrike, a Software-as-a Service (SaaS) based endpoint protection provider has secured a $100 million funding round, led by Google Capital, bringing its total funding raised to-date to $156 million. Rackspace, a CrowdStrike customer, also participated in the round along with existing investors Accel and Warburg Pincus.
The company believes that the latest round of capital injection will help them to further accelerate their domestic and international expansion. CrowdStrike claims that it has more than tripled its growth of total billings and employees year-over-year, and significantly increased its core customer base.
Gene Frantz, Partner, Google Capital
We were blown away by CrowdStrike’s incredible growth and impressive customer adoption. They have a truly unique SaaS-based endpoint security model, a highly scalable subscription revenue model, and a visionary technical approach that has huge potential to transform the industry, which is why we’re thrilled to make this investment.
George Kurtz, Co-Founder and CEO, CrowdStrike
It’s extremely gratifying to bring in a high-caliber investor like Google Capital which shares our passion for innovation and sees the opportunity to completely transform the security industry.