Rackspace Invests in CrowdStrike’s $100 Million Financing

imgresCrowdStrike, a cybersecurity software as a service platform, Monday announced it has raised $100 million in Series C financing.

Google Capital led the financing which also included participation from Rackspace, a CrowdStrike customer, and existing investors Accel and Warburg Pincus.

To date, the Irvine, Calif.-based company has raised a total of $156 million.

CrowdStrike’s platform helps companies detect, prevent and respond to attacks on their computer systems. The company said the funds raised will help it further accelerate its domestic and international expansion.

“Rackspace was an early adopter of the CrowdStrike Falcon platform and we have seen first-hand the decisive advantage that CrowdStrike offers to proactively detect and prevent sophisticated attacks,” Brian Kelly, chief security officer at Rackspace, said in a news release. “Unlike other endpoint security tools, CrowdStrike’s scalable cloud-based architecture provides unrivaled visibility and enables significantly faster response time to cyber threats. CrowdStrike also will be a key component of an upcoming line of security offerings being launched at Rackspace this year.”

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