CrowdStrike Holdings, Inc. (NASDAQ:CRWD) shares are trading higher on Monday. The company launched its second annual Cybersecurity Startup Accelerator with Amazon.com, Inc.'s (NASDAQ:AMZN) AWS, supported by NVIDIA Corporation (NASDAQ:NVDA).

The program aims to mentor and support emerging AI and cloud security startups across the U.S. and EMEA, offering funding, technical expertise, and go-to-market opportunities.

The company stated that applications for the AWS and CrowdStrike Cybersecurity Startup Accelerator with NVIDIA are open until January 10, 2025. Selected startups will receive mentorship, investor access, and up to $25,000 in AWS credits.

Daniel Bernard, chief business officer, CrowdStrike said, "CrowdStrike and AWS created the Cybersecurity Startup Accelerator as a formative, value creation experience for innovative startups to learn, create and grow. Since participating in the Accelerator, last year's cohort participants raised over $150 million from leading global VCs."

"For startups seeking to tackle the most pressing security challenges, the Cybersecurity Startup Accelerator provides the AI technologies, accelerated computing resources and technical expertise they need," stated Bartley Richardson, director of cybersecurity engineering at NVIDIA.

Also Read: CrowdStrike Faces Short-Term Challenges Like Pipeline Delays, Deal Scrutiny, and Discounting Pressure, Analyst Says

Last week, CrowdStrike disclosed an expanded partnership with 1Password to offer enhanced security for 150,000 customers, particularly SMBs.

Investors can gain exposure to the stock via TrueShares Technology, AI & Deep Learning ETF (NYSE:LRNZ), and REX AI Equity Premium Income ETF (NYSE:AIPI).

Price Action: CRWD shares are up 2.04% at $264.41 at the last check Monday.

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