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
Threaded  |  Newest First  |  Oldest First
Cybersecurity Team Holiday Guide: 2019 Gag Gift Edition
Ericka Chickowski, Contributing Writer,  12/2/2019
Register for Dark Reading Newsletters
White Papers
Video
Cartoon Contest
Current Issue
Navigating the Deluge of Security Data
In this Tech Digest, Dark Reading shares the experiences of some top security practitioners as they navigate volumes of security data. We examine some examples of how enterprises can cull this data to find the clues they need.
Flash Poll
Rethinking Enterprise Data Defense
Rethinking Enterprise Data Defense
Frustrated with recurring intrusions and breaches, cybersecurity professionals are questioning some of the industrys conventional wisdom. Heres a look at what theyre thinking about.
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2019-19647
PUBLISHED: 2019-12-09
radare2 through 4.0.0 lacks validation of the content variable in the function r_asm_pseudo_incbin at libr/asm/asm.c, ultimately leading to an arbitrary write. This allows remote attackers to cause a denial of service (application crash) or possibly have unspecified other impact via crafted input.
CVE-2019-19648
PUBLISHED: 2019-12-09
In the macho_parse_file functionality in macho/macho.c of YARA 3.11.0, command_size may be inconsistent with the real size. A specially crafted MachO file can cause an out-of-bounds memory access, resulting in Denial of Service (application crash) or potential code execution.
CVE-2019-19642
PUBLISHED: 2019-12-08
On SuperMicro X8STi-F motherboards with IPMI firmware 2.06 and BIOS 02.68, the Virtual Media feature allows OS Command Injection by authenticated attackers who can send HTTP requests to the IPMI IP address. This requires a POST to /rpc/setvmdrive.asp with shell metacharacters in ShareHost or ShareNa...
CVE-2019-19637
PUBLISHED: 2019-12-08
An issue was discovered in libsixel 1.8.2. There is an integer overflow in the function sixel_decode_raw_impl at fromsixel.c.
CVE-2019-19638
PUBLISHED: 2019-12-08
An issue was discovered in libsixel 1.8.2. There is a heap-based buffer overflow in the function load_pnm at frompnm.c, due to an integer overflow.