Endpoint security startup CrowdStrike announced on Monday that it has raised $100 million in its Series C round. Google Capital, in its first security investment, led the round with additional funding from CrowdStrike current customer Rackspace, as well as existing investors Accel and Warburg Pincus. This brings the total investment in the cloud security vendor to $156 million.

“We were blown away by CrowdStrike’s incredible growth and impressive customer adoption,” Gene Frantz, partner at Google Capital, said in the press release. “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.”

Since its founding in 2011, CrowdStrike’s year-over-year revenue growth has increased 550 percent and it reportedly counts Fortune 500 customers across several industries.

Earlier this month, CrowdStrike announced that it was granted a patent for the core functionality of its CrowdStrike Falcon endpoint security. According to the company, CrowdStrike Falcon is the only fully Software-as-a-Service (SaaS) based endpoint protection solution, detecting malware and non-malware based attacks, and offering critical context and real-time search capability.

CrowdStrike CEO and co-founder George Kurtz said the money would be used to build out their Falcon platform by hiring more engineers, as well as expanding globally, and investing more in sales, marketing and channel development.

Leave a Reply