CrowdStrike to join parade of unicorn IPOs
May 15, 2019
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Cloud-focused cybersecurity company CrowdStrike has filed for an IPO, becoming the latest in an ongoing series of unicorns to plan high-priced public offerings. The company has raised about $480 million in prior VC backing, including a $200 million round that came with a $3.35 billion valuation last June. It counts a handful of major names among its backers, led by Warburg Pincus (30.3% pre-IPO stake), Accel (20.3%) and CapitalG (11.2%).
Like so many other notable businesses planning moves to the public markets in 2019, CrowdStrike is currently unprofitable. The company logged a net loss of $140.1 million for its fiscal 2019, compared to a loss of $135.5 million the year before. CrowdStrike's annual revenue is moving in the opposite direction, though, rising from $118.8 million in fiscal 2018 to $249.8 million in the company's most recent fiscal year.
CrowdStrike was founded in 2011 and is based in the Bay Area. The company claims more than 2,500 subscription customers and a client list that includes Goldman Sachs, Hyatt, Rackspace and Credit Suisse.
Like so many other notable businesses planning moves to the public markets in 2019, CrowdStrike is currently unprofitable. The company logged a net loss of $140.1 million for its fiscal 2019, compared to a loss of $135.5 million the year before. CrowdStrike's annual revenue is moving in the opposite direction, though, rising from $118.8 million in fiscal 2018 to $249.8 million in the company's most recent fiscal year.
CrowdStrike was founded in 2011 and is based in the Bay Area. The company claims more than 2,500 subscription customers and a client list that includes Goldman Sachs, Hyatt, Rackspace and Credit Suisse.
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