CrowdStrike
CrowdStrike’s $6.6 billion valuation following a $612 million Nasdaq initial public offering in 2019 was an all-time record in the cybersecurity space, besting both Palo Alto Networks’ 2012 IPO as well as Cloudflare’s IPO later in 2019. The Sunnyvale, Calif.-based endpoint security vendor today enjoys a market cap of nearly $10 billion after increasing its stock price by more than 40 percent since the IPO.
The company said in its IPO filing that a "vast majority" of its Falcon platform sales flow through channel partners, and tightened its bond with solution providers through a new three-tiered program that provides market development funds and generous discounts for partners at the higher levels. Resellers were for the first time required to hold a certain number of accreditations to advance in the program.
From a product perspective, CrowdStrike teamed up with Dell and Secureworks on a joint offering targeted at mid-market customers, state and local governments, and educational institutions that lack their own SIEM platform and SOC. The company also rolled out capabilities that streamline vulnerability management, facilitate metered billing on AWS, and simplify the management of Windows firewalls.
