Google invests in cybersecurity firm and university IoT project
Google Capital is investing $100 million in Crowdstrike, an endpoint protection platform provider, during its current round of funding.
Crowdstrike has raised $156 million in venture funding, The Wall Street Journal reported, and has not disclosed its revenue or profitability. One of the company's customers, Rackspace, also participated in the funding.
“It's extremely gratifying to bring in a high-caliber investor like Google Capital which shares our passion for innovation and sees the opportunity to completely transform the security industry,” said George Kurtz, CrowdStrike's co-founder and chief executive officer, in a press release.
Google also made plans to help Carnegie Mellon University in Pittsburgh further explore the Internet of Things (IoT) through a $500,000 grant. The Pittsburgh Post-Gazette reports that the funding will go toward creating a “living lab” that will test the creation of a connected community.