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CrowdStrike

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335366

CrowdStrike

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CrowdStrike

CrowdStrike Holdings, Inc. is an American cybersecurity technology company based in Austin, Texas. It provides endpoint security, threat intelligence, and cyberattack response services.

Crowdstrike has investigated several high-profile cyberattacks, including the 2014 Sony Pictures hack, the 2015-16 cyberattacks on the Democratic National Committee (DNC), and the 2016 email leak involving the DNC. On July 19, 2024, it issued a faulty update to its security software that caused global computer outages that disrupted air travel, banking, broadcasting, and other services.

CrowdStrike was co-founded in 2011 by George Kurtz (CEO), Dmitri Alperovitch (former CTO), and Gregg Marston (CFO, retired). The following year, the company hired Shawn Henry, a former Federal Bureau of Investigation (FBI) official, to lead the subsidiary CrowdStrike Services, Inc., which offered security and response services. The company launched CrowdStrike Falcon, an antivirus package, as its first product in June 2013.

In May 2014, CrowdStrike's reports helped the United States Department of Justice to charge five Chinese military hackers with economic cyber espionage against U.S. corporations. CrowdStrike also uncovered the activities of Energetic Bear, a group connected to Russia's Federal Security Service that conducted intelligence operations against global targets, primarily in the energy sector.

After the Sony Pictures hack, CrowdStrike uncovered evidence implicating the government of North Korea and demonstrated how the attack was carried out. In 2014, CrowdStrike helped identify members of Putter Panda, the state-sponsored Chinese group of hackers also known as PLA Unit 61486.

In May 2015, the company released information about VENOM, a critical flaw in an open-source hypervisor (hardware or software that runs virtual machines) called Quick Emulator (QEMU) that allowed hackers to access sensitive personal information. In October 2015, the company announced that it had identified Chinese hackers attacking technology and pharmaceutical companies around the time that U.S. President Barack Obama and China's leader Xi Jinping publicly agreed not to conduct economic espionage against each other. The alleged hacking would have been in violation of that agreement.

In July 2015, Google invested in the company's Series C funding round, which was followed by Series D and Series E, raising a total of $480 million as of May 2019.

In 2017, Crowdstrike reached a valuation of more than $1 billion with an estimated annual revenue of $100 million. In June 2018, the company said it was valued at more than $3 billion. Investors include Telstra, March Capital Partners, Rackspace, Accel Partners and Warburg Pincus.

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