US-based cybersecurity software producer CrowdStrike raised more than $200m in series E funding today from investors including CapitalG, a growth equity subsidiary of internet and technology group Alphabet.
Growth equity firm General Atlantic co-led the round with venture capital firms Accel and Institutional Venture Partners, while fellow VC firm March Capital Partners also took part. It valued the company at more than $3bn and took its total funding to just over $480m.
Founded in 2011, CrowdStrike has built an endpoint protection platform known as Falcon which uses artificial intelligence to detect and protect against possible threats in real time, tracking more than 100 billion security threats worldwide each day.
The company closed its series D round at $125m in October 2017 having received funding from investors including CapitalG, telecommunications firm Telstra, Accel, March Capital and private equity firm Warburg Pincus.
CapitalG had previously led CrowdStrike’s $100m series C round in 2015, investing alongside Accel, Warburg Pincus and cloud hosting services firm Rackspace.
George Kurtz, CrowdStrike’s co-founder and CEO, said: “CrowdStrike’s successful business trajectory is supported by our market performance and analyst validation. Customers have a lot of choices and they have chosen our technology because it delivers the most value in stopping breaches and flat out works.
“We are building the business to support massive sales volume and this round of funding will accelerate the growth of our operations, continued innovation, technology development and geographic expansion.”