CrowdStrike raises $30m for big data security

Security firm CrowdStrike, which focusses on advanced persistent threats (APT), has raised $30 million in a Series B financing round that was led by Accel Partners and included founding investor Warburg Pincus.

The company, co-founded in 2011 by former McAfee execs, George Kutz and Dimitry Alperovitch, made a name for itself around the idea that targeted attackers can be fingerprinted based on the tools they typically use to carry out their attacks. The company is attempting to meet the demand amongst enterprise customers for services that surpass defence and detection and include deception, denial and disruption.

While CrowdStrike to date has built a high profile team of former cyber-security focussed personnel from the FBI and US Department of Defense, the new financing will go towards advancing its innovations in big data analytics and security intelligence, according to CrowdStrike.

CrowdStrike for example uses “execution profiling” and predictive security analytics in its cloud platform to respond to threats and analyse threat activity on the network. It also claims to be tracking over 40 threat actors, including state-sponsored hackers from China, Russia, Iran, North Korea, Pakistan and India.

Accel Partners earlier this year announced a new $100 million fund aimed at big data startups that make “data driven software” to allow customers that lack the resources to fund data scientists. Amongst the big data firms it had invested in already was the popular smartphone security firm Lookout.

"CrowdStrike's impressive executive team has taken an extremely sophisticated data driven approach to identifying and protecting some of the most important industry leaders within finance, healthcare, telecom, energy, media and government," said Sameer Gandhi, a partner at Accel Partners who will take a spot on CrowdStrike’s board.

"CrowdStrike stands alone and has effectively and rapidly scaled its business to help defend against what we know to be persistent and highly targeted cyber attacks."

Another rising threat-intelligence security company AlientVault similarly closed a $26.5 million Series D funding round last week, while US network security firm Arbor Networks snapped up Australian big data network forensics firm Packetloop for an undisclosed sum.

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Tags advanced persistent threats (APTs)CrowdStrike

More about Accel GroupAPTArbor NetworksArbor NetworksCSOFBIMcAfee Australia

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