CrowdStrike, Inc. (Nasdaq: CRWD), a Sunnyvale, Calif.-based cloud-delivered endpoint protection provider, launched a $20m early stage investment fund.
Started in partnership with Accel, Falcon Fund will focus on seed and Series A investments in startups that are building applications on the CrowdStrike Falcon® platform.
The fund will act as a co-investor and strategic partner alongside lead investors looking for innovative startups solving pressing security and IT challenges for customers.
With the fund, the company will help foster innovation for new startups by accelerating route-to-market and ability to commercialize innovation.
To qualify, startups must meet the following criteria:
– An experienced team looking to tackle a significant problem that requires performing analytics on endpoint data and/or taking actions on the endpoint
– Existing interest from other lead investors, early stage funding rounds preferred
– Usage of the proprietary cloud platform and endpoint agent
– A product that offers attractive market opportunity
Led by CEO George Kurtz, CrowdStrike is a global cybersecurity company which leverages cloud-scale artificial intelligence (AI) and offers real-time protection and visibility across the enterprise, preventing attacks on endpoints on or off the network. Powered by proprietary CrowdStrike Threat Graph®, CrowdStrike Falcon correlates over two trillion endpoint-related events per week in real time from across the globe.
Through the CrowdStrike Store, startups and partners can develop new solutions without the need to build or deploy new endpoint agents or invest in expensive platforms for storage and analytics. The collection and analysis of machine-level data helps to inform security professionals of threats and create programmable actions within the Falcon ecosystem.