Apple’s Learning Curve: How Headset’s Design Caused Production ChallengesRead more

George Kurtz, CEO of Crowdstrike. Photo by Bloomberg

CrowdStrike CEO Plays Catch-Up in Israel as He Hunts For Security Deals

Photo: George Kurtz, CEO of Crowdstrike. Photo by Bloomberg

In April, George Kurtz, CEO of CrowdStrike, the second-most valuable cybersecurity firm, traveled to Israel to meet with a number of startups it could invest in or acquire. Kurtz and his team spent most of their time holed up in a hotel in an ancient port city that abuts Tel Aviv—a veritable Mecca of cybersecurity engineers and companies—where they took meetings. Kurtz wanted to minimize speculation about potential deals by avoiding the startups’ offices, according to someone with knowledge of his thinking.

The silence lasted three months. In July the Israeli news site Globes reported that CrowdStrike was planning to acquire an Israel-based cybersecurity startup for $2 billion, but it didn’t name an acquisition target or reference the visit by Kurtz. Rumors have flared since then, and the CEO of at least one of the Israeli startups Kurtz has spoken to this year, Orca Security, felt compelled to post on LinkedIn that his company wasn’t in talks to be acquired by CrowdStrike.

Access on the go
View stories on our mobile app and tune into our weekly podcast.
Join live video Q&A’s
Deep-dive into topics like startups and autonomous vehicles with our top reporters and other executives.
Enjoy a clutter-free experience
Read without any banner ads.
Microsoft's Satya Nadella, left, and Peter Lee. Photo by Bloomberg, Microsoft
How Microsoft Swallowed Its Pride to Make a Massive Bet on OpenAI
Satya Nadella didn’t want to hear it. Last December, Peter Lee, who oversees Microsoft’s sprawling research efforts, was briefing Nadella, Microsoft’s CEO, and his deputies about a series of tests Microsoft had conducted of GPT-4, the then-unreleased new artificial intelligence large-language model built by OpenAI.
Art by Clark Miller
The AI Age e-commerce ai
How to Grease a Chatbot: E-Commerce Companies Seek a Backdoor Into AI Responses
When Andy Wilson’s company received its first successful client referral through ChatGPT, he was shaken to his core.
Chris Britt, co-founder and CEO of Chime.
Exclusive startups Finance
Chime’s Slowdown Highlights Limits of Bank Disruptors
Chime found a way to offer zero-fee banking services without being a bank itself. But that approach is starting to show its limits.
Art by Clark Miller.
Exclusive startups crypto
MoonPay CEO, Other Executives Cashed Out Before Crypto Business Dropped
In November 2021, just as crypto prices were hitting all-time highs, MoonPay—a crypto payments startup that celebrities including Jimmy Fallon and Paris Hilton had praised for its non-fungible token “concierge” service— announced it had completed its first ever outside fundraising: an eye-popping $555 million round at a $3.4 billion valuation from investors including Tiger Global Management and Coatue Management.
Art by Clark Miller
The Big Read markets Finance
The Master of Destruction Rides Again
In the spring of 2022, the irascible Wall Street short seller Marc Cohodes was in a particularly foul mood.
Art by Clark Miller.
Social Studies culture
The Day TikTok Went Dark in India
On June 29, 2020, as thunderstorms swept Mumbai and daily Covid-19 cases in India surged by almost 20,000, millions of people began experiencing a flood of network errors on their mobile devices.