Mumbai: Following Falcon Fund’s success, CrowdStrike Holdings has launched a $100 million Falcon Fund II in partnership with Accel. The new $100 million- fund is focused on cross-stage private investments within cybersecurity and relevant adjacent markets.
Compared to the original $20 million Falcon Fund, CrowdStrike has increased capital five times for the new fund with its commitment towards growing the cybersecurity technology ecosystem across adjacent markets.
“Falcon Fund II exemplifies our firm commitment to private company investments that enable us to support technologies and leaders,” said George Kurtz, CEO and Co-Founder, CrowdStrike.
“This venture goes beyond our mission to build the best product suite in the market that protects endpoints and cloud workloads, identity and data,” added Kurtz.
“Together, with the next generation of market disruptors, we can help shape the future of cybersecurity with a shared goal of protecting critical areas of risk for organisations and making this world a safer place,” commented Kurtz.
With that, Falcon Fund II has also emerged as one of the largest strategic venture arms in cybersecurity.
Falcon Fund has made investments in companies like Corelight, Cribl, JumpCloud and Tines in 2021. And Falcon Fund II will continue to broaden CrowdStrike’s ecosystem of meaningful technology partnerships, including new vendors for the CrowdStrike Store.
“We saw great success with the launch of the initial Falcon Fund, and with Falcon Fund II, we will support the next wave of cybersecurity and technology leaders,” said Sameer Gandhi, Partner – Accel.
“Security is a critical ecosystem and we look forward to the possibilities that one of the largest strategic venture arms in cybersecurity will present,” added Gandhi.
With the new fund, CrowdStrike aims to increase its ability to fund the next generation of emerging vendors and build upon the success of the initial Falcon Fund. And form long-term alliances with companies that can benefit from CrowdStrike’s expertise and knowledge base.