Friday, July 10, 2015

Google to Invest $100 Million in Startup CrowdStrike

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Google $100 million investment in CrowdStrike

CrowdStrike may have struck gold once again, $100 million worth to be exact.

A source very close to the security startup revealed that the company is anticipated to announce a $100 million investment from Google Capital next week; however, the source did not reveal the valuation.

The startup headed by two ex-McAfee execs offers a cloud tool that assists governments and enterprises with discovering and ending attacks as they occur.

Other security companies don’t often speak much on their customer base implementing their products, but CrowdStrike mentions its clientele includes some of the largest blue chip companies in the financial, energy, oil & gas and telecommunication industries.

CrowdStrike has raised $56 million prior to this expected investment.

It’s also accredited with indicating that the big hack on the government’s Office of Personnel Management (OPM) came from Chinese hackers, according to Re/Code.

Google Capital is the investment branch of Google, not to be confused with Google Ventures, the company’s independent venture capital firm; Google is its sole limited partner.

Google and CrowdStrike have yet to respond to the speculation.

The post Google to Invest $100 Million in Startup CrowdStrike appeared first on Business Pundit.



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