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CrowdStrike closes Series B with USD 30 million

September 9
11:31 AM 2013

CrowdStrike announced the closing of its Series B round with USD 30 million. The financing was led by Accel Partners. CrowdStrike also received the support of its founding investor Warburg Pincus in the funding round. As part of the deal, Sameer Gandhi of Accel Partners would be joining the Board of Directors CrowdStrike.

A firm that specializes in providing security technologies and services, CrowdStrike said the proceeds of the funding would be used to enhance its big data analytics and security intelligence services. It would also be utilized to support its marketing strategy.

Through the combination of big data and security intelligence, the Crowdstrike platform enables companies to actually hunt and get information into the activity of threats in their enterprise.

CrowdStrike President, Chief Executive Officer and Co-Founder George Kurtz said the timing for the funding was just right as there is a growing demand for the detection, prevention and monitoring of targeted attacks. "Accel Partners has a thorough understanding of the big data sector and has displayed continued commitment to the market with their big data fund. We're looking forward to deep collaboration with Accel Partners and Warburg Pincus as we work together to combat the proliferation of advanced attacks and increasingly sophisticated cyber threats," he said in a press release.

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