Democratic National Committee

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…

Group Accused Of DNC Hack Also Targeted Firm Formerly Known As Blackwater: Report

WASHINGTON ― A cyber-espionage group that targeted political parties during U.S. and French elections also launched a phishing campaign against Academi, the private military firm formerly known as Blackwater, a new report says.

Pawn Storm, a hacking group also known as Fancy Bear, targeted Academi on April 24, 2014, according to a report released Tuesday by the cybersecurity firm Trend Micro. Crowdstrike, another security firm, has said Fancy Bear is believed to be “closely linked“ to Russian intelligence services.

The Trend Micro report does not indicate whether Pawn Storm succeeded in stealing information from Academi during the phishing attack. Academi did not respond to multiple requests for comment for this story.

Academi is the latest incarnation of Blackwater, a private military contractor founded by Erik Prince in 1997. Blackwater gained notoriety in 2007 when its employees shot at and killed more than a dozen civilians in Baghdad while escorting a U.S. convoy. As part of an attempt to clean up its image, Blackwater was renamed “Xe Services” two years later. Prince sold the company in 2010 and the new owners gave it yet another name: “Academi.”

Prince, whose sister, Betsy DeVos, is President Donald Trump’s secretary of education, has been in the news lately because of his ties to the Trump campaign. Last July, he recommended to senior Trump adviser Steve Bannon that the Trump administration replicate a Vietnam War-era CIA assassination program to be used against the militant group known as the Islamic State. In January, Prince reportedly acted as…