History of CrowdStrike in Timeline

CrowdStrike is a cybersecurity technology company providing endpoint security, threat intelligence, and cyberattack response services. Based in Austin, Texas, the company focuses on protecting organizations from breaches by offering a cloud-delivered platform that leverages artificial intelligence, machine learning, and behavioral analysis to detect and prevent threats. CrowdStrike's core product is the Falcon platform, which delivers various security solutions, including endpoint detection and response, managed threat hunting, and vulnerability management. They operate globally, serving a wide range of industries.

June 2013: CrowdStrike Falcon Launch

In June 2013, CrowdStrike launched CrowdStrike Falcon, its first product, which is an antivirus package.

May 2014: CrowdStrike Reports Lead to Charges Against Chinese Hackers

In May 2014, CrowdStrike's reports facilitated the United States Department of Justice to charge five Chinese military hackers with economic cyber espionage against U.S. corporations.

2014: Uncovering North Korea's Involvement in the Sony Pictures Hack

In 2014, after the Sony Pictures hack, CrowdStrike uncovered evidence implicating the government of North Korea and demonstrated how the attack was carried out.

May 2015: Release of Information about VENOM Flaw

In May 2015, CrowdStrike released information about VENOM, a critical flaw in Quick Emulator (QEMU) that could allow hackers to access sensitive information.

July 2015: Google Invests in CrowdStrike Series C Funding Round

In July 2015, Google invested in CrowdStrike's Series C funding round.

October 2015: Identification of Chinese Hackers Attacking Tech and Pharma Companies

In October 2015, CrowdStrike announced it had identified Chinese hackers attacking technology and pharmaceutical companies around the time U.S. and China agreed not to conduct economic espionage.

December 2016: Report on Hacked Ukrainian Artillery App

In December 2016, CrowdStrike released a report stating that the Russian government-affiliated group Fancy Bear had hacked a Ukrainian artillery app, which resulted in losses to Ukrainian artillery units.

January 2017: Comey Testifies About DNC Server Access

In January 2017, James Comey testified that the FBI's request to access the DNC servers was denied, as CrowdStrike agreed to share information.

March 2017: FBI Director Comey Testifies Before Congress

In March 2017, then-FBI director James Comey testified before congress regarding the Democratic National Committee cyberattacks.

2017: Crowdstrike Valuation Exceeds $1 Billion

In 2017, Crowdstrike reached a valuation of more than $1 billion with an estimated annual revenue of $100 million.

June 2018: Company Valuation at Over $3 Billion

In June 2018, CrowdStrike's valuation was reported to be more than $3 billion.

May 2019: Total Funding Raised to $480 Million

As of May 2019, CrowdStrike raised a total of $480 million through Series C, D, and E funding rounds.

June 2019: Initial Public Offering on the Nasdaq

In June 2019, CrowdStrike made an initial public offering on the Nasdaq.

2020: Expanded Identity Security Offerings with Falcon Identity Threat Protection

In 2020, CrowdStrike expanded its identity security offerings with Falcon Identity Threat Protection, which later evolved into a managed service integrating with Falcon Complete in 2022.

December 2021: Headquarters Relocation to Austin, Texas

In December 2021, CrowdStrike moved its headquarters from Sunnyvale, California, to Austin, Texas.

July 2022: Launch of Cloud Threat Hunting Service

In July 2022, CrowdStrike launched a Cloud Threat Hunting Service.

May 2023: Launch of Charlotte AI

In May 2023, CrowdStrike launched Charlotte AI, its generative AI security analyst, as part of Falcon's AI-driven security updates.

September 2023: Launch of Falcon Foundry

In September 2023, CrowdStrike launched Falcon Foundry, a no-code application development platform.

2023: Lobbying Expenses

During 2023, CrowdStrike spent $620,000 on federal lobbying and has focused on working with the U.S. government.

June 2024: CrowdStrike Joins S&P 500 Index

In June 2024, CrowdStrike joined the S&P 500 index.

July 2024: CrowdStrike Shares Drop After Incident

On 22 July 2024, after the incident, CrowdStrike shares closed at $263.91, a loss of $41.05 or 13.46%.

July 2024: Software Update Causes Global Disruptions

On July 19, 2024, CrowdStrike released a software configuration file update that caused blue screens of death on Microsoft Windows machines globally, disrupting various services, including airline flights and emergency call centers. The incident on July 19, 2024, was caused by a logic error triggered by an update to a configuration file, Channel File 291.

July 19, 2024: Faulty Security Update Causes Global Outages

On July 19, 2024, CrowdStrike issued a faulty update to its security software, leading to widespread computer outages that disrupted various sectors, including air travel, banking, and broadcasting.

August 2024: Publication of Root Cause Analysis and Process Improvements

On 6 August 2024, Crowdstrike published a Root Cause Analysis to explain the causes of the Channel File 291 Incident, and the mitigation steps the company took to eliminate future incidents. Following the incident on July 19, 2024, CrowdStrike implemented process improvements, including new testing procedures, deployment layers, and third-party reviews.

September 2024: Launch of CrowdStrike Financial Services

In September 2024, CrowdStrike launched CrowdStrike Financial Services, which offers payment solutions and financing to improve access to the Falcon platform.