Monday, August 26, 2019

CrowdStrike Launches $20M, Early Stage Investment Fund

CrowdStrike, the cloud-based cybersecurity software developer which has substantial operations in Orange County, said today that it has launched a new, early stage investment fund called the Falcon Fund. CrowdStrike said the new, $20M fund was created in partnership with venture capital firm Accel, and will invest in security startups which are building applications on its CrowdStrike Falcon platform. The new fund will make seed and Series A investments, according to the company. CrowdStrike said it is looking specifically for companies that already have existing interest from other lead investors, which already are using the CrowdStrike Falcon platform, and an "experienced and hungry team" in areas that "requires performing analytics on endpoint data and/or taking actions on the endpoint." Crowdstrike is led by George Kurtz.