Crowdstrike CEO and founder George Kurtz has purchased a minority stake in the Mercedes-AMG Petronas F1 team, and been appointed Technology Advisor.
Kurtz has purchased a 15% minority interest in the ownership entity controlled by Toto Wolff, which owns one third of the team alongside Mercedes-Benz and INEOS. The buy-in does not affect the team’s governance, and Wolff will continue in his existing executive roles.
“Winning in racing and cybersecurity requires speed, precision, and innovation. Milliseconds matter. Execution counts. Data wins,” said Kurtz. “Technology is reshaping competitive advantage and human capability everywhere, including motorsport. I’m excited to help the team securely accelerate forward.”
Kurtz’s ownership continues a relationship that began when Crowdstrike first joined the team as a technology partner in 2019.
“George’s background is unusual in its breadth: he’s a racer, a loyal sporting ambassador for Mercedes-AMG, and an exceptional entrepreneur,” said Wolff.
“He understands both the demands of racing and the realities of building and scaling technology businesses. That combination brings specific insight that is increasingly relevant to the future of Formula 1.”
In addition to his entrepreneurship and security expertise, Kurtz has built a racing resume that includes wins and championships across several series, primarily in LMP2 and GT classes.
