- Crowdstrike, a cybersecurity startup valued at $three.four billion, filed a public S-1 on Tuesday, formally launching its IPO course of.
- The cybersecurity firm plans to record on the Nasdaq underneath the ticker “CRWD.”
- Crowdstrike sells an end-point safety answer which competes with the Blackberry-acquired Cylance in addition to startup SentinelOne.
- The startup is backed by traders together with Google’s CapitalG and Accel.
- Learn extra on the Enterprise Insider homepage.
Crowdstrike, a cybersecurity startup valued at $three.four billion, filed to go public on Tuesday.
The corporate, which is backed by Google’s CapitalG and Accel, plans to record on the Nasdaq underneath the ticker “CRWD.”
The IPO is led by underwriters Goldman Sachs, JPMorgan, Financial institution of America Merrill Lynch, and Barclays.
Crowdstrike sells an end-point safety answer which competes with Cylance, a cybersecurity firm acquired by Blackberry for $1.four billion final yr, in addition to the startup SentinelOne.
Learn extra: Crowdstrike’s partnership with Dell is shaking up the cybersecurity panorama forward of a deliberate IPO
The corporate generated $250 million in income in fiscal 2019, which ended on January 31, up 110% from $118.eight million in income the yr earlier than. Its 2018 income was up 125% from $52.7 million in 2017.
The corporate misplaced $140.1 million in fiscal 2019, up from $135.5 million in losses in 2018 and $91.three million in 2017.
SEE ALSO: This is what it’s essential to find out about Fastly, the fast-growing unicorn startup that would go public this week at a valuation of $1.45 billion
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