*NEWS: Cybersecurity Company Launches Early-Stage Investment Fund
A cybersecurity company – founded in OC that still maintains a presence here – announced today the launch of a $20 million early-stage investment fund.
CrowdStrike, with HQ in Sunnyvale, is launching the fund in partnership with Accel. The Falcon Fund will focus on seed and Series A investments in startups that are building applications on CrowdStrike’s Falcon platform.
The Falcon Fund will act as a co-investor and strategic partner alongside lead investors looking for innovative startups that are passionate about solving today’s most pressing security and IT challenges for customers.
CrowdStrike will include selected vendors in the CrowdStrike Store, the first open cloud-based, single-agent platform-as-a-service, or PaaS, for cybersecurity.
The CrowdStrike Store offers a unified security cloud ecosystem of trusted partners and applications to customers.
With Falcon Fund, CrowdStrike will help foster innovation for new startups by accelerating route-to-market and ability to commercialize innovation.
CrowdStrike Falcon’s cloud-native, open API architecture was built to provide a shared security ecosystem where developers and partners could dramatically shape the future of security and IT operations.
Through the CrowdStrike Store, startups and partners can develop new tools 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.
CrowdStrike collects massive amounts of endpoint data related to security and IT operations events, currently at the rate of two trillion per week.
Key benefits of Falcon Fund include:
For customers: Applications developed by startups give customers access to new and compelling innovations to help increase their overall security posture and optimize IT operations without deploying or managing additional agents.
For startups: Startups receive resources to help with development and integration of applications, accelerating their go-to market strategy and benefiting from the overall value of the CrowdStrike Falcon ecosystem.
For partners: Partners are further empowered through the collaborative security cloud ecosystem of the CrowdStrike Store to target new customers by the addition of applications developed by Falcon Fund startups.
To qualify, startups must meet the following criteria:
– An experienced and hungry 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 CrowdStrike Falcon cloud platform and endpoint agent
– A product that offers attractive market opportunity
Interested companies looking to submit an application can visit the CrowdStrike website for more details.