CrowdStrike Announces $200 Million Series E Financing Round
On the heels of unrivalled global momentum and demand for its AI-enabled, cloud-based endpoint protection platform, company valued at over $3 billion
Sunnyvale, CA – June 19, 2018 – CrowdStrike® Inc., the leader in cloud-delivered endpoint protection, today announced that the company 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.
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.”[1]
In addition, CrowdStrike’s business doubled in the past year both with regards to revenue and headcount, serving more than 16 percent of the Fortune 1000 companies and 20 percent of the Fortune 500 companies.
Other growth points underscoring the company’s business traction include:
- 500 percent year-over-year growth in the number of $1 million or greater annual contract value (ACV) transactions
- 167 percent year-over-year growth in the number of subscription customers
- 172 percent year-over-year growth in new subscription bookings ACV
- 140 percent year-over-year growth in annual recurring revenue