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Warburg renews commitment to Crowdstrike in $30m Accel-led Series B round

9 Sep 2013

internet security online keyboardAccel Partners has led a $30m Series B financing round for data security business CrowdStrike which was also backed by founding investor Warburg Pincus.

Sameer Gandhi, a partner at Accel, will join the CrowdStrike board following the investment, which the company said would be used to drive innovation in big data analytics and security intelligence as well as support its aggressive go-to-market strategy.

CrowdStrike said its Global Intelligence Team currently tracks more than 40 “actors” around the world including state-sponsored adversaries originating from China, Russia, Iran, North Korea, Pakistan, and India, infusing this intelligence in its technology solutions.

Gandhi said, “CrowdStrike’s impressive executive team has taken an extremely sophisticated data driven approach to identifying and protecting some of the most important industry leaders within finance, healthcare, telecom, energy, media and government.

“CrowdStrike stands alone and has effectively and rapidly scaled its business to help defend against what we know to be persistent and highly targeted cyber attacks.”

Warburg Pincus co-president Joseph Landy added, “CrowdStrike has seen phenomenal growth over the last two years and has executed on an innovative approach to solving the targeted attack and advanced threat problem that enterprises are facing today.

“With an experienced leadership team at its helm and top talent companywide, CrowdStrike is well positioned to continue disrupting the market and providing customers with a truly unique solution.”

Last month Battery Ventures joined serial entrepreneurs Ehud Weinstein and Ofir Shalvi to help online defence business Cyvera raise $11m of funding.

Blumberg Capital led the previous financing round for Cyvera, which attempts to prevent attacks from unidentified online threats by blocking attempts to exploit software or persuade users to unwittingly run malicious files.

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