CrowdStrike Venture Fund Embraces MSP, MSSP Focused Security Startups

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CrowdStrike Falcon Fund, the venture capital arm of CrowdStrike, is starting to pay more attention to security startups that have MSP- and MSSP-friendly product designs and associated go-to-market strategies.

Here’s a sampling of CrowdStrike Falcon Fund investments, and their potential implications for MSP and MSSP partners. Keep checking back, since we plan to update the list each time the fund makes a new security investment.

CrowdStrike Falcon Fund: Noteworthy 2022 Cybersecurity Investments

The following CrowdStrike investments may help MSPs and MSSPs to find security tools that address such areas as SaaS application and data security; threat intelligence; SOAR (security orchestration, automation and response); and patch management automation.

May 2022 – Dig: The cloud data security company emerged from stealth mode with $11 million in seed funding. Organizations can use Dig’s DDR solution to maintain real-time visibility, control and protection of data assets across their cloud environments, the company said. We’re watching to see if multi-tenant support for MSSPs & MSPs surfaces.

April 2022 – DoControl: CrowdStrike Falcon Fund participated in DoControl’s $30 million Series B round, which was led by Insight Partners. DoControl focuses on SaaS data security. CrowdStrike has backed the company in previous rounds as well. Among DoControl’s priorities for 2022: Building a “national channel partner program to enable MSPs, resellers, and other key partners to provide Zero Trust SaaS data access control capabilities to a broader user base,” the company said.

March 2022 – Cybersixgill: This Series B round raised $35 million. Cybersixgill is an Israeli threat intelligence company that develops a multi-tenant security platform for MSSPs. Cybersixgill has 117 employees listed on LinkedIn as of March 2022. Typical users include CISOs, Security Operations Center (SOC) analysts and threat hunters, the security startup indicated.

CrowdStrike Falcon Fund: Noteworthy 2021 & 2020 Cybersecurity Investments

September 2021- Corelight: CrowdStrike Falcon Fund backed Corelight, a network detection & response (NDR) security platform provider.  The strategic investment was made as part of a $75 million Series D funding round led by Energy Impact Partners. Corelight emphasizes use cases for government, enterprise and higher education. But we’re not aware of an MSP or MSSP partner push.

April 2021 –  Tines: This is a SOAR (security orchestration, automation & response) software startup that speeds SOC response times. CrowdStrike’s investment was part of a $26 million Series B funding round, led by Addition. Tines has an emerging partner program.

February 2020 – Automox: This startup focuses on cybersecurity hygiene & patch management automation. Koch Disruptive Technologies led this $30 million funding round, with participation from CRV and TechOperators. And yes, Automox has an MSP partner program.

Additional Investments? Which CrowdStrike Falcon Fund investments did we overlook — particularly those with MSP and MSSP partner implications? If you have details, email me: Joe.Panettieri@CyberRiskAlliance.com.

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