Founder and CEO of CrowdStrike George Kurtz speaks during the Live Keynote Pregame during the Nvidia GTC (GPU Technology Conference) in Washington, DC, on Oct. 28, 2025.
CrowdStrike announced Thursday that it is buying identity management startup SGNL in a deal valued at nearly $740 million as the cybersecurity provider beefs up defenses in the age of artificial intelligence cyberattacks.
The acquisition will help users of CrowdStrike's Falcon cloud security platform better manage human and AI identity access requests and real-time risks, the company said. The deal is expected to close in the first quarter of the 2027 fiscal year.
"This is a massive opportunity for our customers to be able to protect themselves, and a massive opportunity for us to disrupt the identity market," CEO George Kurtz said in an exclusive interview with CNBC.
He said the deal will help advance CrowdStrike's foothold in the multibillion-dollar identity security business, which totaled $435 million at the end of the second quarter and has become one of the most significant attack vectors.
Companies have been bolstering identity security defenses as AI heightens the sophistication of cyberattacks.
Last year, Microsoft was hit with a wave of attacks targeting its SharePoint collaboration tool and large language model startup Anthropic disclosed the first documented AI-led cyberattack in November.