Cybersecurity firm Crowdstrike raises $100 million at more than $1 billion valuation


CrowdStrike, the cybersecurity firm that burst onto the national scene during the U.S. election season last year when it became the first to pin a data breach at the Democratic National Committee on Russia, said on Wednesday that it has closed a $100 million funding round at a valuation exceeding $1 billion.

The new round has propelled the firm into the rarified ranks of the “unicorn” club, the group of startups valued at a billion dollars or more. The company has raised $256 million to date.

The latest fundraising was led by Accel, a venture capital firm based in Palo Alto, Calif. that also participated in two of CrowdStrike’s earlier funding rounds. Joining the latest round were new investors March Capital Partners, a year-old VC firm based in Santa Monica, Calif., and Telstra, Australia’s biggest telecom company and an early CrowdStrike customer, as well as existing investors CapitalG (formerly Google Capital) and Warburg Pincus.

Founded six years ago, CrowdStrike has made a name for itself investigating some of the world’s biggest data breaches and calling out nation-state sponsored hacker groups in the process. The startup helped build a case that North Korea digitally pummeled Sony Pictures in 2014, that China orchestrated a ransacking of the U.S. Office of Personnel Management in 2015, and that Russian intelligence agencies masterminded the DNC breach last year.

George Kurtz, CrowdStrike’s cofounder and CEO, told Fortune that he’s pushing a “cloud-first” model for security, meaning that customers subscribe to install lightweight software agents on computers that…

Sasha Harriet

Sasha Harriet

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