Analytics
9/10/2013
06:05 AM
Tim Wilson
Tim Wilson
Quick Hits
Connect Directly
RSS
E-Mail
50%
50%

CrowdStrike Gets $30M In New Round Of Funding

CrowdStrike investors believe industry is ready for a human-focused approach to security problem

Security vendor CrowdStrike received an infusion of $30 million in funding Monday, and investors say they are putting their dollars behind companies that are rethinking the security problem.

In a press release, CrowdStrike announced that it had raised an additional $30 million in Series B financing, led by high-tech venture capital firm Accel Partners and Warburg Pincus.

CrowdStrike, which has gained wide attention through its focus on identifying adversaries, rather than just the malware they distribute, was not hunting for funding, but the investors made an offer that was too good to pass up, says George Kurtz, president, CEO, and co-founder of the company.

"Accel and Warburg both see an opportunity to redefine the way we think about security," Kurtz says.

Venture firms and other investors say they are looking for companies with a new approach to security because the threat continues to escalate despite rising enterprise investment in existing technology. Kurtz says he receives an average of "five emails a week" from venture funding firms interested in putting their money behind CrowdStrike's approach.

"There are many new startups out there, but only a few actually have a chance to be both independent and category-leading," says Sameer Gandhi, a partner at Accel Partners and now a member of CrowdStrike's board of directors. Accel has invested in a number of security startups, including a $50 million round of financing for Tenable Network Security, maker of the popular Nessus security scanner, in 2012.

Venture firms are attracted to CrowdStrike's story, which focuses on finding and stopping humans, rather than just malware. As part of its offerings, the company delivers data on the source of the attack and is collecting detailed information on malware authors and distributors across the globe.

"There is a perception that malware attacks are growing at a fantastic rate, but if you focus on the adversary, it's a very different picture," Kurtz says. "What we're really seeing is a set of humans trying to beat a set of automated systems, and they're winning. Humans will always be a little ahead of computers -- just look at how IBM's best supercomputer couldn't beat Russia's human champion at chess."

That's the kind of new thinking that attracts investors, Gandhi says. "We have to recognize that the nature of the threat isn't going to get any better," he says. "We look for companies that have a very different approach. It's part of the evolution of technology -- the threat goes beyond the current security infrastructure, and that eventually leads to a new generation of technology. We're always looking for that next generation."

Have a comment on this story? Please click "Add a Comment" below. If you'd like to contact Dark Reading's editors directly, send us a message. Tim Wilson is Editor in Chief and co-founder of Dark Reading.com, UBM Tech's online community for information security professionals. He is responsible for managing the site, assigning and editing content, and writing breaking news stories. Wilson has been recognized as one ... View Full Bio

Comment  | 
Print  | 
More Insights
Register for Dark Reading Newsletters
Partner Perspectives
What's This?
In a digital world inundated with advanced security threats, Intel Security seeks to transform how we live and work to keep our information secure. Through hardware and software development, Intel Security delivers robust solutions that integrate security into every layer of every digital device. In combining the security expertise of McAfee with the innovation, performance, and trust of Intel, this vision becomes a reality.

As we rely on technology to enhance our everyday and business life, we must too consider the security of the intellectual property and confidential data that is housed on these devices. As we increase the number of devices we use, we increase the number of gateways and opportunity for security threats. Intel Security takes the “security connected” approach to ensure that every device is secure, and that all security solutions are seamlessly integrated.
Featured Writers
White Papers
Cartoon
Current Issue
Dark Reading's October Tech Digest
Fast data analysis can stymie attacks and strengthen enterprise security. Does your team have the data smarts?
Flash Poll
Threat Intel Today
Threat Intel Today
The 397 respondents to our new survey buy into using intel to stay ahead of attackers: 85% say threat intelligence plays some role in their IT security strategies, and many of them subscribe to two or more third-party feeds; 10% leverage five or more.
Video
Slideshows
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2013-0334
Published: 2014-10-31
Bundler before 1.7, when multiple top-level source lines are used, allows remote attackers to install arbitrary gems by creating a gem with the same name as another gem in a different source.

CVE-2014-2334
Published: 2014-10-31
Multiple cross-site scripting (XSS) vulnerabilities in the Web User Interface in Fortinet FortiAnalyzer before 5.0.7 allow remote attackers to inject arbitrary web script or HTML via unspecified vectors, a different vulnerability than CVE-2014-2336.

CVE-2014-2335
Published: 2014-10-31
Multiple cross-site scripting (XSS) vulnerabilities in the Web User Interface in Fortinet FortiManager before 5.0.7 allow remote attackers to inject arbitrary web script or HTML via unspecified vectors, a different vulnerability than CVE-2014-2336.

CVE-2014-2336
Published: 2014-10-31
Multiple cross-site scripting (XSS) vulnerabilities in the Web User Interface in Fortinet FortiManager before 5.0.7 and FortiAnalyzer before 5.0.7 allow remote attackers to inject arbitrary web script or HTML via unspecified vectors, a different vulnerability than CVE-2014-2334 and CVE-2014-2335.

CVE-2014-3366
Published: 2014-10-31
SQL injection vulnerability in the administrative web interface in Cisco Unified Communications Manager allows remote authenticated users to execute arbitrary SQL commands via a crafted response, aka Bug ID CSCup88089.

Best of the Web
Dark Reading Radio
Archived Dark Reading Radio
Follow Dark Reading editors into the field as they talk with noted experts from the security world.