Category Archives: IPO

Cybereason raises another $200 million, aims for IPO within 2 years

Posted on by

Japanese multinational SoftBank will invest $200 million in Cybereason, doubling the Boston-based security vendor’s investment total as it marches toward an initial public offering. The deal brings Cybereason’s total funding to $400 million after prior investments from SoftBank, CRV, Spark Capital and Lockheed Martin. The company, founded in 2012 by former members of the Israeli Defense Forces signals intelligence unit, provides endpoint detection services, competing with the likes of Symantec, McAfee and CrowdStrike. This $200 million in Series E funding comes as part of Cybereason’s plan to invest in new services and find new clients, then go public within two years, said CEO Lior Div. “We took the money in order to build a bigger company than we are right now,” Div said on Monday. “Right now we have 500 people in the company, and this plan is to push to even more in order to be ready to go […]

The post Cybereason raises another $200 million, aims for IPO within 2 years appeared first on CyberScoop.

Continue reading Cybereason raises another $200 million, aims for IPO within 2 years→

The Exit: The acquisition charting Salesforce’s future

Posted on by

Before Tableau was the $15.7 billion key to Salesforce’s problems, it was a couple of founders arguing with a couple of venture capitalists over lunch about why its Series A valuation should be higher than $12 million pre-money. Salesforce has generally been one to signify corporate strategy shifts through their acquisitions, so you can understand […] Continue reading The Exit: The acquisition charting Salesforce’s future→

CrowdStrike stock skyrockets on first day of NASDAQ trading

Posted on by

You can bet CrowdStrike executives hope the company has more days like Wednesday. The security vendor’s market value exceeded $12 billion on its first day of trading on the NASDAQ under the ticker symbol “CRWD.” That’s almost four times the company’s valuation in June 2018 when it raised $200 million in its last private round, good enough for a $3 billion valuation. The California-based company traded at $63 per share, nearly double its IPO price of $34. The big money was enough to attract attention from industry experts like Kelly Shortridge, vice president of product strategy at the vendor Capsule8 and an information security behavioral economist, who spent the day watching the ticker. Remember, huge pops on day 1 of the IPO aren’t proportionally beneficial. Doubling of the stock price, in this case, means they left a *lot* of $$$ on the table. In real dollar terms, $CRWD could‘be raised $1.4 billion […]

The post CrowdStrike stock skyrockets on first day of NASDAQ trading appeared first on CyberScoop.

Continue reading CrowdStrike stock skyrockets on first day of NASDAQ trading→

Eyeing IPO, SentinelOne raises $120 million in Series D funding

Posted on by

SentinelOne announced Wednesday it has raised $120 million in a Series D funding round led by Insight Partners. Samsung Venture Investment Corporation and NextEquity also participated in the round, along with Third Point Ventures, Redpoint Ventures, and Data Collective. The total funding to date for SentinelOne, an endpoint protection company founded in 2013, is now more than $230 million. This news follows last week’s announcement that Insight Partners had acquired threat intelligence firm Recorded Future for $780 million, the highest price ever announced for a company doing threat intelligence work for clients. Insight Partners also had invested in Cylance before it was acquired by Blackberry for $1.4 billion. SentinelOne aims to help companies detect and respond to attacks, and at RSA this year it unveiled an internet of things (IoT) security product, Ranger, which will be shipping later this year to address the growing threats in the IoT space. SentinelOne’s Chief Operating Officer, Nicholas Warner, tells CyberScoop that Insight […]

The post Eyeing IPO, SentinelOne raises $120 million in Series D funding appeared first on CyberScoop.

Continue reading Eyeing IPO, SentinelOne raises $120 million in Series D funding→

Under the hood on Zoom’s IPO, with founder and CEO Eric Yuan

Posted on by

Extra Crunch offers members the opportunity to tune into conference calls led and moderated by the TechCrunch writers you read every day. This week, TechCrunch’s Kate Clark sat down with Eric Yuan, the founder and CEO of video communications startup Zoom, to go behind the curtain on the company’s recent IPO process and its path […] Continue reading Under the hood on Zoom’s IPO, with founder and CEO Eric Yuan→

CrowdStrike files to go public after losing $140 million last year

Posted on by

CrowdStrike, the cybersecurity vendor best known for investigating the 2016 data breach at the Democratic National Committee, is trying to go public. The California-based company on Tuesday filed for an initial public offering on the Nasdaq under the ticker symbol “CRWD.” The company aims to raise as much as $100 million in the IPO, according to a regulatory filing submitted to the U.S. Securities and Exchange Commission. The IPO is led by backers including Goldman Sachs, JPMorgan Chase, Barclays and Bank of America Merrill Lynch. In the fiscal year that ended on Jan. 31, the company reported a $140.1 million net loss on $249.8 million in revenue, according to the S-1 filing. Most of the firm’s revenue dollars come from its more than 2,500 subscriptions, though those incoming dollars are balanced by a motivation to growth: sales and marketing spending climbed by 66 percent to $172.7 million last year. Google and […]

The post CrowdStrike files to go public after losing $140 million last year appeared first on CyberScoop.

Continue reading CrowdStrike files to go public after losing $140 million last year→

Mimecast, Endpoint Security, & Tufin – Enterprise Security Weekly #16

Posted on by

Israeli cybersecurity company Tufin plans NASDAQ IPO, F-Secure boosts endpoint detection and response, Mimecast joins IBM Security app exchange community, and Awake Security debuts Network Traffic Analysis Platform to detect risks! Enterprise News Rive… Continue reading Mimecast, Endpoint Security, & Tufin – Enterprise Security Weekly #16→

Canonical plans to raise its first outside funding as it looks to a future IPO

Posted on by

It’s been 14 years since Mark Shuttleworth first founded and funded Canonical and the Ubuntu project. At the time, it was mostly a Linux distribution. Today, it’s a major enterprise player that offers a variety of products and services. Throughout the years, Shuttleworth self-funded the project and never showed much interest in taking outside money. […] Continue reading Canonical plans to raise its first outside funding as it looks to a future IPO→

Tenable, Imperva, & Proofpoint – Business Security Weekly #94

Posted on by

This week, Imperva to acquire DevOps security leader prevoty, Carbon Black announces second quarter results, Sophos group upgraded to add at Numis Securities, Tenable jumps 31% by end of trading day at IPO, and Amalgamated Bank has $1.44 million holdin… Continue reading Tenable, Imperva, & Proofpoint – Business Security Weekly #94→

Duo, CyberArk, & Demisto – Enterprise Security Weekly #97

Posted on by

This week, Duo integrates with Sophos to address BYOD Security, SkyHigh not the limit of McAfee’s ambition; IPO an option, CyberArk’s new offering to mitigate privileged access risk, Ping Identity acquires Elastic Beam for AI-Powered API Se… Continue reading Duo, CyberArk, & Demisto – Enterprise Security Weekly #97→