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Accel Partners invests USD 30 million in security technology and service company Crowdstrike

CrowdstrikeCalifornia based global security technologies and services company, Crowdstrike has recently raised USD 30 million in Series B funding led by Accel Partners and Warburg Pincus. With this funding round, total funds raised by Crowdstrike has reached USD 56 million, previously it had raised USD 26 million in Series A led by Warburg Pincus.

Sameer Gandhi, Partner, Accel Partners, will also be joining the board of Crowdstrike with the investment.

The latest funding round will be used by the company to further drive innovation in big data analytics and security intelligence and support an aggressive go-to-market strategy in the next-generation threat protection space.

Crowdstrike basically provides a cloud based threat protection which allows companies to not only proactively respond to advanced threats, but also to hunt, query, and gain insight into all activity across the enterprise. CrowdStrike’s Global Intelligence Team currently tracks 40+ actors around the world, including state-sponsored adversaries originating from China, Russia, Iran, North Korea, Pakistan, and India; and infuses this intelligence in its technology solutions.

Recently the company has also introduced CrowdStrike Falcon Platform which helps enterprises to identify unknown malware, detect zero-day threats, pinpoint advance adversaries and attribution, and prevent damage from targeted attacks in real-time.

Crowdstrike was co-founded in 2011 by George Kurtz, former founder and CEO of Foundstone and Worldwide CTO and GM at McAfee / Intel, Dmitri Alperovitch, former VP Threat Research at McAfee / Intel, and Gregg Marston, former CFO at Networks in Motion.

Founded in 1983, and managing over USD 9.6 billion in capital, Accel Partners has recently also announced to allocate USD 100 million for its Big Data Fund 2. Few of it’s security related investments include mobile security firm Lookout, Imperva and Tenable Security. Warburg Pincus LLC is a leading global private equity firm focused on growth investing with having more than USD 35 billion in assets under management. The firm’s active portfolio is of more than 125 companies.

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