Dark Reading is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Cloud

8/27/2019
04:15 PM
Connect Directly
Twitter
LinkedIn
RSS
E-Mail
50%
50%

CrowdStrike Launches Fund for Early-Stage Endpoint Security Startups

It's goal is to accelerate delivery of third-party apps that add on and extend the company's Falcon cloud-hosted services.

CrowdStrike has established a $20 million fund for coinvesting in early-stage cybersecurity startups that are building applications to work with the company's cloud-hosted Falcon endpoint protection platform.

The fund has been set up in partnership with Accel, a venture capital firm known for its investments in several successful high-tech firms, the most notable among them being Facebook.

CrowdStrike's Falcon Fund will invest in startups that are using Falcon to develop products that simplify security and IT operations for enterprises, according to the vendor.

Products from these companies will become available through CrowdStrike Store, an online venue that the company announced earlier this year and from which CrowdStrike's customers can purchase endpoint security applications from trusted third parties. The company has described the online store as giving customers the ability to select apps of their choice that extend and add on to CrowdStrike's own technologies without having to worry about installing agents for each one of them.

CrowdStrike's move is similar to one that Symantec took two years ago when it launched Symantec Ventures. That effort also is aimed at helping startups accelerate delivery of products that work with and extend Symantec's own products. Unlike CrowdStrike, though, Symantec has not disclosed how much it has set aside in venture capital for funding early-stage startups.

To qualify for investment consideration under CrowdStrike's Falcon Fund, a startup must have already attracted interest from other lead investors. It must also have an experienced team in charge and be working on marketable endpoint security analytics or endpoint enforcement technology, according to the company.

Falcon is CrowdStrike's suite of cloud-delivered endpoint protection technologies. The platform includes antivirus services and services for endpoint threat detection and response, managed threat hunting, and threat intelligence. CrowdStrike has positioned Falcon as a single-source replacement for multiple products, including standalone AV tools, host intrusion prevention, and host intrusion detection products.

The goal in creating the fund is to give startups that are leveraging CrowdStrike Falcon a way to accelerate delivery of their products while eliminating the need for them to build their own endpoint agents, says Dmitri Alperovitch, co-founder and CTO of CrowdStrike. "The fund will also allow us to further increase the CrowdStrike Store ecosystem by providing companies with funding to build on our platform," he says.

Customers will benefit by getting access to more third-party endpoint protection applications from within CrowdStrike's app store. "The CrowdStrike Store is where customers are able to discover, try, buy, and deploy trusted and certified our own and third-party applications and add-ons that extend their investment in the CrowdStrike Falcon platform," Alperovitch notes.

CrowdStrike's online store has garnered considerable interest from third-party app developers since its spring launch. So far, apps from two partners are available via the store, and the goal is to keep expanding the partner base over the next quarter and through 2020. "The Falcon platform was built as a true-API model, and through the Store ecosystem, we are committed to finding partners with applications that complement the cloud-native architecture of Falcon," Alperovitch says.  

CrowdStrike announced revenue of $96.1 million in the first quarter of 2019 — up 103% over the same quarter last year. The company went public in June with an IPO valued at $34 per share and is currently valued at over $17 billion, or over $84 a share. The company is considered one of the biggest players in the endpoint security space — a market that is expected to grow from $11.8 billion last year to around $20 billion by 2024.

Related Content:

Check out The Edge, Dark Reading's new section for features, threat data, and in-depth perspectives. Today's top story: "'Culture Eats Policy for Breakfast': Rethinking Security Awareness Training."

Jai Vijayan is a seasoned technology reporter with over 20 years of experience in IT trade journalism. He was most recently a Senior Editor at Computerworld, where he covered information security and data privacy issues for the publication. Over the course of his 20-year ... View Full Bio

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
Zero-Factor Authentication: Owning Our Data
Nick Selby, Chief Security Officer at Paxos Trust Company,  2/19/2020
44% of Security Threats Start in the Cloud
Kelly Sheridan, Staff Editor, Dark Reading,  2/19/2020
Ransomware Damage Hit $11.5B in 2019
Dark Reading Staff 2/20/2020
Register for Dark Reading Newsletters
White Papers
Video
Cartoon
Current Issue
6 Emerging Cyber Threats That Enterprises Face in 2020
This Tech Digest gives an in-depth look at six emerging cyber threats that enterprises could face in 2020. Download your copy today!
Flash Poll
How Enterprises Are Developing and Maintaining Secure Applications
How Enterprises Are Developing and Maintaining Secure Applications
The concept of application security is well known, but application security testing and remediation processes remain unbalanced. Most organizations are confident in their approach to AppSec, although others seem to have no approach at all. Read this report to find out more.
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2020-5243
PUBLISHED: 2020-02-21
uap-core before 0.7.3 is vulnerable to a denial of service attack when processing crafted User-Agent strings. Some regexes are vulnerable to regular expression denial of service (REDoS) due to overlapping capture groups. This allows remote attackers to overload a server by setting the User-Agent hea...
CVE-2019-14688
PUBLISHED: 2020-02-20
Trend Micro has repackaged installers for several Trend Micro products that were found to utilize a version of an install package that had a DLL hijack vulnerability that could be exploited during a new product installation. The vulnerability was found to ONLY be exploitable during an initial produc...
CVE-2019-19694
PUBLISHED: 2020-02-20
The Trend Micro Security 2019 (15.0.0.1163 and below) consumer family of products is vulnerable to a denial of service (DoS) attack in which a malicious actor could manipulate a key file at a certain time during the system startup process to disable the product's malware protection functions or the ...
CVE-2020-5242
PUBLISHED: 2020-02-20
openHAB before 2.5.2 allow a remote attacker to use REST calls to install the EXEC binding or EXEC transformation service and execute arbitrary commands on the system with the privileges of the user running openHAB. Starting with version 2.5.2 all commands need to be whitelisted in a local file whic...
CVE-2020-8601
PUBLISHED: 2020-02-20
Trend Micro Vulnerability Protection 2.0 is affected by a vulnerability that could allow an attack to use the product installer to load other DLL files located in the same directory.