CrowdStrike has reached a major milestone as the fastest cybersecurity company to achieve significant growth. The company’s success reflects its leadership in the industry and its innovative approach to transforming cybersecurity with artificial intelligence (AI) through its Falcon platform. CrowdStrike brought Software as a Service (SaaS) cybersecurity to the cloud and built its platform with AI from the beginning.
The company has shown rapid growth since going public in 2019. In the third quarter of fiscal year 2024, CrowdStrike reached over $3 billion in Annual Recurring Revenue (ARR), making it the only pure-play cybersecurity software vendor to achieve this level of success historically. In its most recent quarter, CrowdStrike reported an ending ARR of $3.65 billion, a 33 percent increase year-over-year, highlighting its strong and scalable growth.
CrowdStrike’s unprecedented growth milestones
George Kurtz, CEO and Founder of CrowdStrike, said, “We founded CrowdStrike on the belief that the future of security would be driven by AI and a cloud-native architecture that could collect data at scale. We built the first cybersecurity platform, born in the cloud and AI-native, with a single, intelligent sensor that forever changed what organizations expect from modern security.”
Industry leaders have praised the company’s growth:
Marc Benioff, Chair and CEO of Salesforce, said, “Just as Salesforce created the SaaS model that revolutionized business operations, CrowdStrike has transformed how cybersecurity is delivered and experienced.
CrowdStrike is a critical cybersecurity partner, allowing us to consolidate multiple products on the Falcon platform.”
Matt Garman, CEO of AWS, said, “CrowdStrike’s milestone underscores their pioneering work in cybersecurity. CrowdStrike is a trusted AWS customer and partner, and we have a long history of working together to secure sensitive data and workloads for the world’s most innovative and highly regulated organizations, from startups to enterprises to governments.”
Toto Wolff, Team Principal & CEO of Mercedes-AMG Petronas Formula One Team, said, “In car production and motorsport, speed, quality, and consistency are key to success. Working closely with George Kurtz and the CrowdStrike team, I couldn’t be prouder of the cybersecurity outcomes they deliver.
Stopping breaches requires extreme speed, and that’s exactly what the AI-native Falcon platform delivers.”
CrowdStrike is a global cybersecurity leader that has redefined modern security with its advanced cloud-native platform for protecting critical areas of enterprise risk, including endpoints, cloud workloads, identity, and data. The CrowdStrike Falcon platform uses real-time indicators of attack, threat intelligence, evolving adversary tradecraft, and enriched telemetry from across the enterprise to deliver highly accurate detections, automated protection and remediation, elite threat hunting, and prioritized observability of vulnerabilities.
