Carbon Black Looks to Raise $100M From IPO

Endpoint security specialist Carbon Black has filed paperwork with the SEC for an initial public offer. The company is looking to raise about $100 million as part of the public offering.

Carbon Black, which specializes in endpoint security software, is targeting an initial public offer for later this year, and the company plans to raise about $100 million through its stock sale, according to paperwork filed this week.
The Waltham, Mass., company filed its
IPO paperwork
with the US Securities and Exchange Commission on Monday, April 9, but did not indicate when the IPO would take place or what the initial stock price would be set as.
The company plans to list itself under the symbol CBLK on NASDAQ.
The IPO is being underwritten by Morgan Stanley, JPMorgan and Keybanc Capital Markets along with William Blair, Raymond James and Cowen,
according to a statement
.
(Source:
Flickr
)

Founded in 2003, Carbon Black has raised about $191 million in venture capital funding since then,
according to CrunchBase
. The company was originally named Bit9 before a 2014 acquisition.
Carbon Black has 3,700 customers globally and that includes 33 of the Fortune 100, according to the SEC filing. During the last three years, the company has posted revenue of $70.6 million in 2015, $116.2 million in 2016 and $162.0 million in 2017. This equals out to a compound annual growth rate of about 51% over that time period.
The fundamentals of network security are being redefined -- dont get left in the dark by a DDoS attack! Join us in Austin from May 14-16 at the fifth-annual
Big Communications Event
. Theres still time to register and communications service providers get in free!
During that same period, the company sustained net losses of $38.7 million in 2015, $44.6 million in 2016 and $55.8 million in 2017 as it continued to invest for growth to address the large market opportunity for our platform.
As for the future, Carbon Black plans on leveraging its cloud platform to deliver software to its customers:

We believe that our cloud platform addresses a significant capability gap in the enterprise endpoint security market and that our solutions will address an increasing subset of additional use cases in public cloud security software, security and vulnerability management and IT asset management.

In addition, the company listed several risk factors, including its quarterly losses, changes to the security market as well as Carbon Black being a target for cyberattacks.
Related posts:
Atlanta, Baltimore Ransomware Attacks Show Government Agencies Vulnerabilities
Rogue Employees Mine Cryptocurrency Using Company Hardware
Google Launches DDoS Protection, Cloud Security Controls & More
Google Chrome Enterprise Addresses Cloud Security
— Scott Ferguson, is the managing editor of Light Reading and the editor of
Security Now
. Follow him on Twitter
@sferguson_LR
.

Last News
▸ ArcSight prepares for future at user conference post HP acquisition. ◂ Discovered: 07/01/2025 Category: security	▸ Samsung Epic 4G: First To Use Media Hub ◂ Discovered: 07/01/2025 Category: security	▸ Many third-party software fails security tests ◂ Discovered: 07/01/2025 Category: security

**Cyber Security Categories**
Google Dorks Database	Exploits Vulnerability	Exploit Shellcodes

CVE List

Tools/Apps

News/Aarticles

Phishing Database

Deepfake Detection

Trends/Statistics & Live Infos

Tags:
Carbon Black Looks to Raise $100M From IPO