Category Archives: George Kurtz

CrowdStrike revenue jumps amid work-from-home orders

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CrowdStrike reported a total revenue of $178.1 million during the first quarter of fiscal year 2021, a massive uptick that coincided with ongoing concerns about the strength of the global economy during the coronavirus pandemic. In its quarterly earnings report released Tuesday, the Sunnyvale-based company said its $178.1 million in revenue marked an 85% increase over the $96.1 million during the same period last year. Much of that revenue came from product subscriptions, with executives suggesting that the sudden move to telecommuting boosted CrowdStrike’s presence in the market. The financial disclosure pertains to the period ending on April 30, 2020. Total revenue for the fourth quarter of 2020 was $152.1 million, the company said. “With both security administrators and end-users working from home, we believe the rapid shift to a remote workforce has helped increase our leadership,” chief executive George Kurtz said in a statement. “We achieved 88% [annual recurring […]

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CrowdStrike valued at $3 billion with new $200 million infusion

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Prominent California-based cybersecurity firm CrowdStrike announced on Tuesday that it is valued at more than $3 billion, after bringing in $200 million in Series E funding. General Atlantic, Accel and IVP led the round. March Capital and CapitalG participated. The private company provides with cloud-hosted endpoint security using artificial intelligence, providing its customers with visibility into risks and threats their networks face. CrowdStrike claims that its platform processes 100 billion security events per day. The company has garnered attention for responding to high-profile security incidents and publishing research on nefarious threat actors. The Democratic National Committee brought CrowdStrike on to investigate its 2016 breach. About a year ago, the company said it was valued at $1 billion after closing $100 million in funding. In that year, the company says it has doubled its revenue. It also says it’s serving a fifth of Fortune 500 companies. CEO George Kurtz said in a statement […]

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CrowdStrike announces $1 million warranty for breaches that happen under its watch

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CrowdStrike is affording customers of its flagship cybersecurity service a free warranty to at least partially cover the cost of a breach should one occur on a system it’s protecting. CrowdStrike announced the warranty on Tuesday, claiming that it is the first of its kind to be offered in the endpoint security breach prevention space. “Other industries have long offered product warranties to assure customers that the products they purchase will function as advertised. This has not been the case in cybersecurity, where customers generally have little recourse when security products fail to protect them,” the company said. Historically, even if an organization employs a reputable cybersecurity product to protect its systems, it generally has to bear the cost if it suffers a breach. CrowdStrike’s new warranty covers the company’s Falcon Endpoint Protection Complete customers for up to $1 million if a breach happens in the environment was hired to […]

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