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CrowdStrike Holdings, Inc. - an American cybersecurity technology company that provides endpoint security, cloud security, and IT solutions - has seen a tremendous increase in its revenue between the fiscal years 2017 and 2025. In the 2017 fiscal year, CrowdStrike's revenue was only million U.S. dollars, whereas in 2025, the company peaked its revenue at around **** billion U.S. dollars.

The Falcon Platform

CrowdStrike’s star product is the Falcon platform, a cloud-native endpoint protection solution comprised of ** 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.Ìý

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 *** 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.Ìý