CrowdStrike Holdings, Inc. (CRWD)

CrowdStrike, founded in 2011, provides a cloud-native cybersecurity platform called Falcon that reinvented how security is delivered by combining a single lightweight agent with cloud-scale AI and a proprietary graph database (Threat Graph) to detect and prevent breaches in real time. Unlike legacy on-premise, signature-based, or malware-focused security products, CrowdStrike's architecture crowdsources trillions of weekly security events across endpoints, workloads, identities, and IT assets, creating network effects that continuously improve detection efficacy while lowering false positives. The company addresses major industry trends including increasingly sophisticated cyberattacks, expanding attack surfaces from hybrid/remote work and cloud adoption, and a growing cybersecurity skills shortage.

Its Falcon platform offers 22 cloud modules spanning corporate workload security, security and vulnerability management, managed security services, IT operations, threat intelligence, identity protection, and log management, including offerings such as Falcon Prevent (next-gen antivirus), Falcon Insight (EDR), Falcon Cloud Workload Protection, Falcon Horizon (cloud security posture management), Falcon XDR, Falcon OverWatch (threat hunting), Falcon Complete (turnkey managed security), and Humio (log management), plus recently acquired technologies like SecureCircle for data protection. The company also provides professional services including incident response, forensics, technical assessments, and training through CrowdStrike University. CrowdStrike sells primarily through a direct sales team supplemented by channel partners and a land-and-expand strategy, targeting organizations of all sizes, including U.S. federal government agencies (via FedRAMP authorization) and international markets.

As of January 31, 2022, the company had 16,325 subscription customers, a 123.9% dollar-based net retention rate, and annual recurring revenue of $1.7 billion, up 65% year-over-year. Total revenue grew 66% to $1.5 billion in fiscal 2022, with subscription revenue up 69% to $1.4 billion, though the company reported net losses of $234.8 million in fiscal 2022 and expects continued losses as it invests in growth, sales, and R&D. International revenue grew 64% to $405.1 million in fiscal 2022. The company operates data centers across the U.S. and Europe, supplemented by AWS infrastructure, and maintains a broad partner ecosystem including the CrowdStrike Store PaaS and AWS Marketplace integration.