Cybersecurity software producer CrowdStrike launched a $20m US-based investment fund on Monday in partnership with venture capital firm Accel in a bid to build an ecosystem around its products.
Falcon Fund will back startups developing products on the CrowdStrike Falcon platform, the endpoint cybersecurity software that represents the company’s flagship product.
The fund will invest at seed and series A stage but is not looking to lead rounds itself, and will look to help portfolio companies with innovation and commercialisation.
George Kurtz, CrowdStrike’s co-founder and CEO, said: “With the launch of Falcon Fund, we are investing in the next generation of innovators who are committed to solving today’s most pressing security and IT challenges by leveraging the unique cloud-native architecture and lightweight agent of the Falcon platform.
“We plan to invest in companies that share our focus on customer success, simplifying security, IT operations and management with our modern, cloud-native platform.”
CrowdStrike went public in an initial public offering that closed at approximately $704m in June this year. It has not disclosed any previous corporate venturing investments but did acquire malware analysis platform developer Payload Security in late 2017.
