Security Startups CrowdStrike, Cylance Close Serious Rounds Of Financing
Cybersecurity tech developers CrowdStrike and Cylance both scored big this week with nine-figure Series E rounds of funding from investors.
CrowdStrike received $200 million in private equity funding and plans to use some of the financing for expanded sales and marketing efforts and for channel enablement. The latter includes helping partners conduct customer security assessments and demonstrate the value of CrowdStrike's technology.
CrowdStrike, which is contemplating an initial public offering, now has a valuation in excess of $3 billion.
Cylance landed $120 million in Series E funding, money the company plans to use to continue expanding its global sales and marketing operations and accelerate development of its product portfolio. The company has raised $297 million in total financing.