• General
  • October 19, 2018
  • 3 minutes read

CrowdStrike reportedly hires Goldman Sachs to lead IPO

image credit : CrowdStrike Cybersecurity company CrowdStrike has been reported to have hired investment bank Goldman Sachs Group for preparation for…

image credit : CrowdStrike

Cybersecurity company CrowdStrike has been reported to have hired investment bank Goldman Sachs Group for preparation for a public offering which could come in the first half of next year. Reuters is reporting this citing people familiar with the matter.

If this comes as reported, CrowdStrike will count as the latest in the host of startups looking to next year public offerings, Uber and Lyft being 2 other main companies preparing for a next year public offering.

Sunnyvale based CrowdStrike was valued at $3 billion from a $200 million Series E round this June and has raised nearly $500 million in total. Investors in the company include Accel, Institutional Venture Partners (IVP), General Atlantic,  Warburg Pincus, Telstra and CapitalG.

As per Reuters, CrowdStrike is aiming to be valued at more than its most recent $3 billion valuation on the public markets. IPO plans are also probable to change as noted in the report.

Founded in 2012 by for McAfee executives, CrowdStrike makes use of artificial intelligence for its flagship Falcon product made for prevention of attacks on computers on or off the network. The company’s customers include 12 of the 20 Fortune largest global companies, 5 of the top 10 largest healthcare providers, 7 of the top 20 largest energy companies and 10 of the 20 largest financial institutions.

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