CrowdStrike, a cloud provider of cloud-delivered endpoint protection has launched a $20m early-stage investment fund in partnership with Accel.
Falcon Fund will focus on seed and Series A investments into startups which are building applications on the CrowdStrike Falcon platform. It will act as a co-investor and strategic partner alongside lead investors looking for startups solving security and IT challenges.
CrowdStrike will include selected vendors in its CrowdStrike Store, an open cloud-based single-agent platform as a service for cybersecurity. The store offers an ecosystem of trusted partners and applications to customers.
Qualifying criteria for investments include an experienced team combating a problem that requires analytics on endpoint data or taking action on the endpoint, existing interest from other lead investors, usage of the CrowdStrike Falcon platform and endpoint agent, and an attractive market opportunity, it said.
The CrowdStrike Falcon platform is a cloud-native, open APO architecture built to offer a shared security ecosystem for developers and partners to develop security and IT operations. Its technology collates vast amounts of endpoint data which can be used by startups to create new solutions.
Accel partner Sameer Gandhi said, “Cyberattacks continue to impact enterprises in every industry, and we’re excited to co-invest with CrowdStrike in startups tackling some of the most business-critical issues that organizations face today. Falcon Fund will provide the resources needed to take advantage of the open API-model of the CrowdStrike platform to stop cyber threats and improve IT operations.
Through the fund, CrowdStrike and Accel will continue to advance innovation in the cloud and activate the value of threat data at scale.”
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