Carbon Black is looking to go public this year, according to a filing with the Securities and Exchange Commission on Monday.
The Waltham, Mass.-based cybersecurity company said it hopes to raise up to $100 million in an initial public offering, but that amount is usually a placeholder and is revised in future filings.
The company said it plans to list under the ticker “CBLK” on the Nasdaq, and lists Morgan Stanley and J.P. Morgan among underwriters.
Carbon Black revenues were $70.6M in 2015, $116.2M in 2016, and $162M in 2017. Net losses for those periods were $38.7M in 2015, $44.6M in 2016, and $55.8M in 2017. Company attributes net loss increase to growth investments.
Recurring revenue represented 77%, 83%, and 88% of total revenue in 2015, 2016, and 2017. Annual recurring revenue in those periods was $76.8M, $124.2M, and $174.2M, respectively.
Carbon Black, which has 932 full-time employees, has raised $275 million since its founding in 2002, according to market research firm PitchBook Data.
