CrowdStrike Expands Cybersecurity Startup Accelerator with AWS and NVIDIA to Support the Next Generation of Global Cloud Security Companies

Rhea-AI Summary

CrowdStrike (NASDAQ: CRWD) has announced the launch of its second annual Cybersecurity Startup Accelerator in collaboration with Amazon Web Services (AWS) and NVIDIA. The program aims to support innovative startups in the U.S. and EMEA, offering mentorship, technical expertise, funding, and go-to-market opportunities. Applications are open from September 16, 2024 to January 10, 2025.

Selected startups will participate in a free eight-week program with access to industry experts, executives, and global cybersecurity investors. Benefits include up to $25,000 in AWS Activate credits and the opportunity to present at a Demo Day during the RSA Conference in April 2025. Winning presentations may receive funding from the CrowdStrike Falcon Fund.

Positive

• Expansion of the Cybersecurity Startup Accelerator program to include NVIDIA, potentially attracting more innovative startups
• Offering up to $25,000 in AWS Activate credits to selected startups, providing financial support
• Potential for winning startups to receive funding from the CrowdStrike Falcon Fund
• Last year's cohort participants raised over $150 million from leading global VCs, indicating program success

Negative

• None.

Insights

Tech Expert

CrowdStrike's expanded Cybersecurity Startup Accelerator program marks a significant development in the cybersecurity ecosystem. The collaboration with AWS and NVIDIA brings together cloud, AI and security expertise, creating a powerful launchpad for innovative startups. This initiative could potentially accelerate the pace of innovation in cloud security and AI-driven cybersecurity solutions.

The program's expansion to EMEA, alongside the U.S., indicates a global approach to fostering cybersecurity innovation. This could lead to more diverse and robust security solutions, addressing a wider range of threats and market needs. The $25,000 in AWS credits and access to NVIDIA's resources provide substantial technical support, potentially lowering barriers to entry for promising startups.

The success of the previous cohort, raising over $150 million, demonstrates the program's effectiveness in identifying and nurturing high-potential startups. This track record could attract higher quality applicants and more investor interest in future cohorts, potentially leading to more groundbreaking cybersecurity solutions entering the market.

Financial Analyst

While this initiative doesn't directly impact CrowdStrike's immediate financial performance, it represents a strategic long-term investment in the cybersecurity ecosystem. By fostering innovation and potentially identifying acquisition targets or integration partners, CrowdStrike is positioning itself at the forefront of emerging technologies and market trends.

The involvement of industry giants AWS and NVIDIA adds significant credibility and resources to the program. This could enhance CrowdStrike's brand value and industry influence, potentially leading to stronger partnerships and customer relationships in the long run. The program also serves as a talent acquisition pipeline, allowing CrowdStrike to identify and potentially recruit top cybersecurity talent.

Investors should view this as a positive indicator of CrowdStrike's commitment to innovation and market leadership. While the financial impact may not be immediate, the potential for discovering disruptive technologies and expanding the company's ecosystem could contribute to long-term growth and competitive advantage in the rapidly evolving cybersecurity market.

Market Research Analyst

The expansion of CrowdStrike's Accelerator program reflects a growing trend in the cybersecurity industry towards collaborative innovation and ecosystem building. By partnering with AWS and NVIDIA, CrowdStrike is tapping into the convergence of cloud, AI and cybersecurity - three of the most dynamic and fast-growing tech sectors.

The program's focus on both U.S. and EMEA markets indicates a recognition of the global nature of cybersecurity challenges and the need for diverse, localized solutions. This approach could give CrowdStrike an edge in identifying and nurturing startups that address region-specific security concerns.

The timing of the Demo Day during the RSA Conference is strategic, offering startups maximum exposure to industry leaders and investors. This could accelerate the adoption of new technologies and potentially reshape the competitive landscape. For CrowdStrike, this program serves as a valuable market intelligence tool, providing early insights into emerging trends and technologies that could influence their product roadmap and strategic decisions.

Program expands global reach with mentorship, partnership and funding opportunities for disruptive startups in the U.S. and EMEA; NVIDIA supports second annual CrowdStrike Accelerator

AUSTIN, Texas--(BUSINESS WIRE)-- Fal.Con 2024--CrowdStrike (NASDAQ: CRWD) today announced the launch of its second annual Cybersecurity Startup Accelerator with Amazon Web Services (AWS). NVIDIA also joins in supporting the Accelerator program, powering the next generation of artificial intelligence (AI) and cloud security startups. Targeting cybersecurity’s next market-defining disruptors across the U.S. and EMEA, AWS and CrowdStrike with NVIDIA through its Inception program, will provide mentorship, technical expertise, funding and go-to-market opportunities.

Applications for the AWS and CrowdStrike Cybersecurity Startup Accelerator with NVIDIA are open from September 16, 2024 to January 10, 2025. Selected startups will be enrolled in a free eight-week program developed by AWS, CrowdStrike and NVIDIA that offers mentorship and guidance from industry experts and executives. Startups will also have access to top-tier global cybersecurity investors, enablement sessions, and up to $25,000 in AWS Activate credits, among other exclusive benefits.

At the end of the program, participants can present their innovations at an in-person Demo Day at the AWS Startup Loft in San Francisco, which will take place during the RSA Conference in April 2025. Winning presentations may be eligible to receive funding from the CrowdStrike Falcon® Fund.

“CrowdStrike and AWS created the Cybersecurity Startup Accelerator as a formative, value creation experience for innovative startups to learn, create and grow. Since participating in the Accelerator, last year’s cohort participants raised over $150 million from leading global VCs,” said Daniel Bernard, chief business officer, CrowdStrike. “We’re proud to welcome NVIDIA as a supporter of the Accelerator program – bringing together market-leading cybersecurity, cloud and AI expertise to cultivate tomorrow’s great innovators.”

“For startups seeking to tackle the most pressing security challenges, the Cybersecurity Startup Accelerator provides the AI technologies, accelerated computing resources and technical expertise they need,” said Bartley Richardson, director of cybersecurity engineering at NVIDIA.

To apply, visit this website. Startups are encouraged to review the terms and conditions here.

The CrowdStrike Falcon Fund is a cross-stage investment fund and the largest corporate venture arm in the cybersecurity industry. The program is designed to build an ecosystem of next-generation security leaders that share a common mission through a unique combination of investment and deep technical integrations with the CrowdStrike Falcon platform, giving CrowdStrike customers access to cutting-edge third-party capabilities.

AWS Accelerators provide innovators from all walks of life with access to resources, technologies and expertise, to help them develop their ideas into fully-formed solutions. Startups gain access to world-class support in the form of product development coaching, go-to-market advice and exposure to investors. All with the goal of empowering builders to create solutions for tomorrow’s challenges, today – and all for zero cost, zero equity.

NVIDIA Inception is a free program that nurtures startups revolutionizing industries with technological advancements. Inception helps startups during critical stages of product development, prototyping and deployment. Every Inception member gets a custom set of ongoing benefits, such as NVIDIA Deep Learning Institute credits, preferred pricing on NVIDIA hardware and software, and technological assistance, which provides startups with the fundamental tools to help them grow.

About CrowdStrike

CrowdStrike (NASDAQ: CRWD), a global cybersecurity leader, has redefined modern security with the world’s most advanced cloud-native platform for protecting critical areas of enterprise risk – endpoints and cloud workloads, identity and data.

Powered by the CrowdStrike Security Cloud and world-class AI, the CrowdStrike Falcon® platform leverages real-time indicators of attack, threat intelligence, evolving adversary tradecraft and enriched telemetry from across the enterprise to deliver hyper-accurate detections, automated protection and remediation, elite threat hunting and prioritized observability of vulnerabilities.

Purpose-built in the cloud with a single lightweight-agent architecture, the Falcon platform delivers rapid and scalable deployment, superior protection and performance, reduced complexity and immediate time-to-value.

CrowdStrike: We stop breaches.

Learn more: https://www.crowdstrike.com/
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© 2024 CrowdStrike, Inc. All rights reserved. CrowdStrike, the falcon logo, CrowdStrike Falcon and CrowdStrike Threat Graph are marks owned by CrowdStrike, Inc. and registered with the United States Patent and Trademark Office, and in other countries. CrowdStrike owns other trademarks and service marks, and may use the brands of third parties to identify their products and services.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240916470788/en/

Jake Schuster

CrowdStrike Corporate Communications

press@crowdstrike.com

Source: CrowdStrike

FAQ

When does the application period for CrowdStrike's Cybersecurity Startup Accelerator with AWS and NVIDIA open and close?

Applications for the CrowdStrike Cybersecurity Startup Accelerator with AWS and NVIDIA are open from September 16, 2024 to January 10, 2025.

What benefits do startups receive in CrowdStrike's Cybersecurity Startup Accelerator program?

Selected startups receive mentorship, technical expertise, up to $25,000 in AWS Activate credits, access to industry experts and investors, and the opportunity to present at a Demo Day during the RSA Conference in April 2025.

How long is the CrowdStrike Cybersecurity Startup Accelerator program?

The program is an eight-week free program developed by AWS, CrowdStrike, and NVIDIA.

What is the potential funding opportunity for startups in CrowdStrike's accelerator program?

Winning presentations at the Demo Day may be eligible to receive funding from the CrowdStrike Falcon Fund, which is the largest corporate venture arm in the cybersecurity industry.