CrowdStrike, a Sunnyvale, Calif.-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.
CrowdStrike files for IPO amid 2020 hacking fears