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CrowdStrike announced the launch of Falcon Fund II, a $100 million investment vehicle in partnership with Accel, focused on cross-stage private investments within cyber security and relevant adjacent markets.
At five times the size of the initial Falcon Fund, Falcon Fund II represents CrowdStrike’s commitment to growing the cyber security technology ecosystem across adjacent markets as one of the largest strategic venture arms in cyber security.
Falcon Fund II aims to build on the success of the original Falcon Fund, which has made investments in companies like Corelight, Cribl, JumpCloud and Tines in 2021. Falcon Fund II will continue to broaden CrowdStrike’s ecosystem of meaningful technology partnerships, including new vendors for the CrowdStrike Store.
George Kurtz, chief executive officer and co-founder at CrowdStrike, said Falcon Fund II exemplifies the company's firm commitment to private company investments that enables them to support technologies and leaders.
"This venture goes beyond our mission to build the best product suite in the market that protects endpoints and cloud workloads, identity and data.
"Together, with the next generation of market disruptors, we can help shape the future of cyber security with a shared goal of protecting critical areas of risk for organisations and making this world a safer place," Kurtz said.
With Falcon Fund II, CrowdStrike aims to:
According to Sameer Gandhi, partner at Accel, with the successful launch of the initial Falcon Fund, the company is keen to support the next wave of cyber security and technology leaders for Falcon Fund II.
"Security is a critical ecosystem and we look forward to the possibilities that one of the largest strategic venture arms in cyber security will present."
[Related: Local firms incur $33bn in cyber crime costs]
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