News

Published on May 15th, 2019 📆 | 2421 Views ⚑

0

Cybersecurity company CrowdStrike files for IPO amid 2020 hacking fears – Axios


https://www.ispeech.org

CrowdStrike, a Sunnyvale, California-based cybersecurity company, filed for a $100 million IPO on Tuesday. It plans to trade on the Nasdaq with Goldman Sachs as lead underwriter, and reports a $140 million net loss on $250 million in revenue for 2018.

Why it matters: This is the company best known for investigating the 2016 election hacking scandal, and it plans to go public as fears ramp up over interference attempts in 2020.

ROI: CrowdStrike raised over $480 million in VC funding from firms like Warburg Pincus (30.3% pre-IPO stake), Accel (20.3%) and CapitalG (11.2%). Its most recent post-money valuation was $3.35 billion, in June 2018.





The bottom line, via Axios cybersecurity reporter Joe Uchill: CrowdStrike is well-esteemed for endpoint detection technology, incident response and research into threat actors, who it's given colorful nicknames like Fancy Bear and Gothic Panda.

Go deeper: CrowdStrike hires Goldman Sachs for IPO

Source link

Tagged with: • • • • • •



Comments are closed.






© Torchsec  Privacy Policy Disclaimer  T&C



Back to Top ↑