Crowdstrike files to go public -- lost $140 million on $250 million in revenue last year

[InfoSec News <alerts () infosecnews org>]

https://www.cnbc.com/2019/05/14/cybersecurity-firm-crowdstrike-files-to-go-public.html

By Jordan Novet
CNBC.com
May 14, 2019

Security software vendor Crowdstrike filed to go public on Tuesday, joining a 
growing crop of richly valued technology companies hitting the public markets.

In the year that ended on Jan. 31, Crowdstrike had a net loss of $140 million, 
while revenue more than doubled to $249.8 million, according to the company’s 
prospectus. A majority of the company’s sales comes through subscriptions sold 
to over 2,500 companies.

Crowdstrike’s cloud-based technology is designed to detect breaches before they 
happen while tracking activity on desktops, server computers and other devices. 
Analysis of the breaches takes place in the cloud, giving the company enhanced 
data to analyze the growing number of threats that all companies face. 
Customers include Credit Suisse, Australian mobile phone company Telstra, 
Tribune Media, and Amazon Web Services.

“Organizations everywhere are becoming more distributed as they adopt the 
cloud, increase workforce mobility, and grow their number of connected 
devices,” the company said in its prospectus.

[...]

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