Alexandra Borgeaud
Research expert covering cybersecurity and tech in Latin America
Get in touch with us nowTotal global revenue of CrowdStrike 2017-2024
CrowdStrike Holdings, Inc. - an American cybersecurity technology that provides endpoint security, cloud security, and IT solutions - has seen a tremendous increase in its revenue between the fiscal years 2017 and 2024. In the 2017 fiscal year, CrowdStrike's revenue was only 52.75 million U.S. dollars, whereas in 2024, the company peaked its revenue at around three billion U.S. dollars.
The Falcon Platform
CrowdStrike’s star product is the Falcon platform, a cloud-native endpoint protection solution comprised of 28 modules capable of protecting workloads across on-premises, virtualized, and cloud-based environments running on a variety of endpoint devices such as desktops, laptops, servers, and IoT devices. A key module is Falcon Prevent, a next-generation antivirus (NGAV) that uses machine learning and artificial intelligence (AI) to detect and prevent malware.
Falcon update crashes millions of devices
On Friday, July 19, 2024, CrowdStrike released a faulty configuration update for its Falcon sensor software, which caused some 8.5 million Microsoft Windows computers to crash around the world. This event has been described as one of the worst IT outages in history, with businesses, banks, hospitals, and airlines among the worst-hit, with some struggling to fully restore their systems days after the incident. Despite this, the outage is not expected to have a serious long-term effect on CrowdStrike’s dominant position in the cybersecurity landscape.
