US-based cybersecurity startup CrowdStrike has secured $200 million in its Series E funding round led by General Atlantic, Accel and IVP, with participation from March Capital and CapitalG.

In a statement, the latest funding round has put a more than $3 billion valuation on Crowdstrike, which has raised an aggregate $480 million till date.

The funds will help the startup to continue accelerate the global demand for its Falcon plaform for cloud-based endpoint protection.

Founded in 2011, Crowdstrike is also backed by Warburg Pincus, Rackspace and Telstra Ventures. A report by Reuters said that the cybersecurity firm is mulling an initial public offering due to growing interest from public and institutional investors.

“We are building the business to support massive sales volume and this round of funding will accelerate the growth of our operations, continued innovation, technology development, and geographic expansion,” said Crowdstrike co-founder and CEO George Kurtz.

The startup claimed that its business has doubled in the past year in terms of revenue and headcount, and is serving over 16 percent of the Fortune 1000 companies as well as 20 percent of Fortune 500 companies.

“CrowdStrike’s unique cloud-based approach positions them as a leading SaaS player in the endpoint security market, leveraging their platform to deliver on the full disruptive potential of the cloud, combined with a recurring subscription revenue model.

“These are critical advantages for an endpoint security company, and we fully believe in CrowdStrike’s ability to excel in the endpoint security space,” said General Atlantic principal, David George.

While partner at Accel Sameer Gandhi commented: “It is clear from CrowdStrike’s explosive growth that they have separated from the pack of next-gen vendors and continue to take market share from the legacy antivirus vendors.”

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