CrowdStrike Launches Falcon Fund II for Continued Investment in Cybersecurity and Technology Trailblazers

Rhea-AI Summary

CrowdStrike (Nasdaq: CRWD) has launched Falcon Fund II, a $100 million investment initiative in partnership with Accel, aimed at expanding private investments in the cybersecurity sector. This new fund is five times larger than the initial Falcon Fund, which has successfully backed companies like Corelight and JumpCloud. The initiative reflects CrowdStrike's commitment to enhancing its technology ecosystem and supporting emerging cybersecurity leaders, ultimately striving to bolster defenses against critical risks in the digital space.

Positive

• Launch of Falcon Fund II with $100 million, a significant increase from the initial fund.
• Continues CrowdStrike's strategy to foster a robust cybersecurity ecosystem.
• Previous Falcon Fund investments indicate a successful track record.

Negative

• None.

One of the largest strategic venture arms in cybersecurity will continue to foster an ecosystem of industry leaders

AUSTIN, Texas--(BUSINESS WIRE)-- CrowdStrike Holdings, Inc. (Nasdaq: CRWD), a leader in cloud-delivered protection of endpoints, cloud workloads, identity and data, today announced the launch of Falcon Fund II, a $100 million investment vehicle in partnership with Accel focused on cross-stage private investments within cybersecurity and relevant adjacent markets. Five times the size of the initial Falcon Fund, Falcon Fund II represents CrowdStrike’s commitment to growing the cybersecurity technology ecosystem across adjacent markets as one of the largest strategic venture arms in cybersecurity.

CrowdStrike’s Falcon Fund II will build on the success of the original Falcon Fund, which has made investments in companies like Corelight, Cribl, JumpCloud and Tines in 2021. Falcon Fund II will continue to broaden CrowdStrike’s ecosystem of meaningful technology partnerships, including new vendors for the CrowdStrike Store.

“Falcon Fund II exemplifies our firm commitment to private company investments that enable us to support technologies and leaders,” said George Kurtz, chief executive officer and co-founder, CrowdStrike. “This venture goes beyond our mission to build the best product suite in the market that protects endpoints and cloud workloads, identity and data. Together, with the next generation of market disruptors, we can help shape the future of cybersecurity with a shared goal of protecting critical areas of risk for organizations and making this world a safer place.”

“We saw great success with the launch of the initial Falcon Fund, and with Falcon Fund II, we will support the next wave of cybersecurity and technology leaders,” said Sameer Gandhi, partner at Accel. “Security is a critical ecosystem and we look forward to the possibilities that one of the largest strategic venture arms in cybersecurity will present.”

With Falcon Fund II, CrowdStrike aims to:

• Dramatically increase its ability to fund the next generation of emerging vendors
• Build upon the success of the initial Falcon Fund
• Form long-term alliances with companies that can benefit from CrowdStrike’s expertise and knowledge base

For more information, visit our Falcon Fund page.

About CrowdStrike
CrowdStrike Holdings, Inc. (Nasdaq: CRWD), a global cybersecurity leader, has redefined modern security with one of the world’s most advanced cloud-native platforms 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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© 2021 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/20220111005510/en/

Kevin Benacci

CrowdStrike Corporate Communications

press@crowdstrike.com

Source: CrowdStrike Holdings, Inc.

FAQ

What is Falcon Fund II by CrowdStrike (CRWD)?

Falcon Fund II is a $100 million investment vehicle launched by CrowdStrike in partnership with Accel, aimed at supporting private investments in cybersecurity.

How much larger is Falcon Fund II compared to the initial Falcon Fund?

Falcon Fund II is five times larger than the original Falcon Fund.

Which companies were invested in through the first Falcon Fund?

The first Falcon Fund made investments in companies such as Corelight, Cribl, JumpCloud, and Tines.

What are the objectives of Falcon Fund II?

The objectives include funding emerging vendors, building on the success of the initial fund, and forming long-term alliances within the cybersecurity field.