CrowdStrike plans to acquire log data analysis startup Humio for about $400 million, the company announced today. The deal will provide CrowdStrike with new technology to build out its extended detection and response (XDR) platform.
Humio was founded in 2016 and has developed a logging and aggregation platform that can be used to collect, report, and analyze data from different sources. Its technology is designed to make it easier for companies to explore and query data with less hardware and resources.
Since its founding, the London-based start-up has raised nearly $32 million in funding and lists organizations such as HPE, Bloomberg, Netlify, Lunar, Mono Solutions, and Michigan State University among its customers.
In a release, CrowdStrike says it plans to use Humio's technology to further expand its XDR capabilities with the ability to ingest and correlate data from multiple logs, applications, or feeds to improve protection. XDR takes a broader approach than endpoint detection and response (EDR) to provide visibility across a business' endpoint, network, and cloud workloads.
Teaming up with Humio's data and analytics platform will help CrowdStrike provide contextual XDR at a greater speed and scale, officials explain in a release. Humio's ability to analyze both unstructured and semi-structured data will improve how CrowdStrike's own platform addresses business IT challenges — in particular, those in more complex DevOps and DevSecOps environments.
Read CrowdStrike's full release and blog post for more details.
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