CrowdStrike CEO: Next-Gen SIEM Increasingly ‘Disruptive’ To Rivals

The offering saw ‘stellar’ growth in CrowdStrike’s latest quarter and is set to get a major boost from the planned acquisition of Onum, CrowdStrike CEO George Kurtz said Wednesday.

CrowdStrike is seeing massive growth for its Falcon Next-Gen SIEM offering and is poised to become an even stronger competitor in the category, with a planned expansion of capabilities through newly announced M&A, CrowdStrike Co-founder and CEO George Kurtz said Wednesday.

Kurtz made the comments as CrowdStrike disclosed financial results for the second quarter of its fiscal 2026, ended July 31. Total revenue for the quarter was $1.17 billion, up 21 percent from the same period a year earlier and just above the Wall Street consensus forecast.

The quarter included “stellar” growth for CrowdStrike’s Next-Gen SIEM platform of 95 percent from the same period a year earlier, Kurtz said during the vendor’s quarterly call with analysts, as annual recurring revenue (ARR) surpassed $430 million for the offering.

Just ahead of the call Wednesday, the cybersecurity giant announced it’s reached a deal to acquire a data pipeline management startup, Onum, to boost its Next-Gen SIEM offering.

Along with providing real-time data pipeline management, Onum brings “amazing” capabilities for in-pipeline detection, Kurtz said.

That means CrowdStrike would be able to begin performing detection on third-party data almost immediately, as the data is being forwarded, “which is critical and gives us tremendous flexibility,” he said.

This is on top of many existing advantages for CrowdStrike’s Next-Gen SIEM, including the fact that the vendor already doesn’t charge customers for ingestion of data generated by its own tools, Kurtz noted.

“This is why we’re seeing so many displacements. If you think about legacy SIEMs, [customers] have to take data out of our platform and put it somewhere else and pay for it,” he said. “They actually don’t have to do that with CrowdStrike. They only pay for the ingest of the third-party data.”

Ultimately, with the combination of capabilities from the planned Onum acquisition and the company’s pricing for Next-Gen SIEM, CrowdStrike believes that “this is a tremendous value for customers and will be disruptive to the market,” Kurtz said.

SIEM (security information and event management) is a core technology used by security teams for logging, analytics and search capabilities, making it a crucial system for responding to and mitigating cyberattacks.

CrowdStrike’s Next-Gen SIEM has been a key focus area for expansion at the security vendor throughout 2025, and Kurtz previously pointed to a major opportunity for solution and service provider partners when it comes to the offering.

“Having the partners to help transition customers from their legacy, people-intensive processes — to a much more automated and AI-led process — is critically important,” Kurtz told CRN during an interview in March. “There’s big opportunity and big dollars as companies look to build practices [valued in the] hundreds of millions of dollars” around products such as Falcon Next-Gen SIEM.

In March, CrowdStrike also unveiled its new Services Partner Program, which involves the company relying on partners to predominantly deliver the services around its Next-Gen SIEM offering.

Through the offering, CrowdStrike has aimed to displace longtime SIEM vendors such as Cisco-owned Splunk. Key advantages with Falcon Next-Gen SIEM include improved security outcomes through providing an approach that makes full use of cloud-native technologies and AI, according to CrowdStrike executives.