"My question is still the same, what are they disrupting or doing differently then their competitors? The AV space is filled with great companies and I just don’t see them stealing that much market share specially with as high as their per seat price is. "
How do you explain their >100% growth rate then? They are growing like weeds.
This is the same rationale one could use to buy Zoom. Videoconferencing is such an old, dated technology. Then here comes ZM growing quick. What’s so special about them? The best I could determine is they built their system from the ground up to run on the cloud. They have video-first architecture. How long their advantage lasts, I am not sure.
Crowdstrike seems to be on the same path. They seem to be banking on cloud-based endpoint security. So with their numbers they are putting up, in a crowded, mature industry, how is that any different than buying Zoom that is also in a crowded, mature industry? Here is what their S-1 says:
With our Falcon platform, we created the first multi-tenant, cloud native, open, intelligent security solution capable of protecting workloads across on-premise, virtualized, and cloud-based environments running on a variety of endpoints such as laptops, desktops, servers, virtual machines, and IoT devices. Our solution consists of our single intelligent lightweight agent and our powerful and dynamic cloud-based database Threat Graph. These two tightly integrated proprietary technologies continually collect, process, analyze and correlate vast amounts of high fidelity data across the entire threat lifecycle using a combination of AI and behavioral pattern-matching techniques to stop breaches. We implement this approach by crowdsourcing data across our entire customer base and taking advantage of economies of scale, which we believe enables our AI algorithms to be uniquely effective. Our cloud-based AI is also automatically shared with every customer in our community in real time. We combine multiple methods of detection, prevention, and response to known and unknown threats as well as malware and malware-free techniques across the threat lifecycle.
Our Falcon platform integrates 10 cloud modules via a SaaS subscription-based model that spans multiple large security markets, including endpoint security, security and IT operations (including vulnerability management), and threat intelligence to deliver comprehensive breach
protection even against today’s most sophisticated attacks. Our single data model and open cloud architecture enable us and third-party partners to rapidly innovate, build, and deploy new cloud modules to provide our customers with additional functionality across a myriad of use cases.
Our cloud modules currently span the following categories:
• Endpoint Security: Our next-generation antivirus, EDR, and device control modules combine machine learning and advanced behavioral techniques to defend against malware and malware-free attacks, allow for continuous and comprehensive visibility and analysis of endpoint activity, and provide administrators with visibility and granular control across USB peripheral devices.
• Security and IT Operations: We offer modules addressing IT hygiene, scan-less vulnerability management, a turnkey response and remediation solution, as well as a threat hunting solution that is powered by a team of elite security experts leveraging Threat Graph.
• Threat Intelligence: Our threat research, malware search engine, and malware analysis modules provide automated assistance to review detected threats, conduct malware research, and detonate suspicious files securely.
We recently launched the CrowdStrike Store, which is the first open cloud-based application Platform as a Service, or PaaS, for cybersecurity. The CrowdStrike Store introduces a unified Security Cloud ecosystem of trusted partners and applications to our customers. The CrowdStrike Store allows customers to rapidly and easily discover, try, and purchase applications from both trusted partners and CrowdStrike without needing to deploy and manage additional agents and infrastructures or go through lengthy sales, integration, or implementation processes. The CrowdStrike Store allows partners to bring new security applications to the market and efficiently target our customer base. Leveraging our Falcon platform, partners can develop applications that address our customers’ needs without having to develop and support their own agents, invest in underlying infrastructure, or hire additional sales personnel. We believe the CrowdStrike Store will cultivate a rich, innovative, and trusted ecosystem between our partners and customers, increasing the overall value of our Falcon platform.
Earlier this year, we announced CrowdStrike Falcon for Mobile, the first enterprise EDR solution for mobile devices, which we expect will be commercially available later this year. Falcon for Mobile enables security teams to hunt for advanced threats on mobile devices while providing enhanced visibility into malicious, unwanted, or accidental access to sensitive corporate data, while protecting user privacy and without impacting device performance. Falcon for Mobile closes the gap between disparate mobile endpoint and enterprise defense solutions by leveraging our cloud-native platform and single-agent architecture.
Crowdstrike is nominated top EPP (Endpoint Protection) vendor according to Peer Insights.
The link in that article also provides a link to the most recent Gartner Magic Quadrant for EPP, which lists Crowdstrike as a Visionary. Yes, it’s a very, very crowded space.
Over the past year, CrowdStrike has fully replaced legacy endpoint protection suites, including integrated next-generation antivirus that uses advanced machine learning and behavioral analysis to supplant and surpass traditional AV in both efficacy and performance. Our business results and customer base have more than doubled. The company has expanded its global footprint with rapid growth in Europe, APAC, and Latin America. We are the only next-generation vendor offering the full spectrum of endpoint security capabilities, including next-gen AV, endpoint detection and response (EDR), managed threat hunting, IT hygiene, threat intelligence and vulnerability management — all fully integrated and delivered via the cloud using a single lightweight agent.
As the CEO and co-founder, I couldn’t be more pleased with this assessment of CrowdStrike by the industry’s leading IT analyst firm. I am deeply honored, and deeply grateful to our customers, partners and employees for their vision and commitment to stopping breaches.