20 AI News Investors Should Not Miss

9. CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Number of Hedge Fund Holders: 69

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is a global cybersecurity company that provides cloud-delivered protection of endpoints, cloud workloads, identity, and data. The company employs world-class AI and ML to detect and prevent modern threats with the speed and scale of the cloud.

On Tuesday, October 23, CrowdStrike Holdings, Inc. (NASDAQ:CRWD) announced that it is partnering with Omnissa, a leading digital work platform company. The partnership aims to deliver real-time threat detection and automated remediation for Virtual Desktop Infrastructure (VDI) and physical desktop environments, all while improving upon customers’ digital work experience and productivity. The partnership, forming amid rising worldwide security threats, aims to combine CrowdStrike’s AI-based endpoint security with Fortinet’s network firewall technology to handle cyber-attacks.

While endpoint security helps safeguard individual devices such as computers and phones, network firewalls help regulate incoming and outgoing network traffic. The combination of the two elements helps bridge the gap through collaboration, offering a holistic approach to cybersecurity, and allowing organizations to detect and respond to threats more efficiently across their entire IT infrastructure. It is also a reflection of the growing trend in the cybersecurity industry to consolidate and integrate security tools.