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Endpoint Security Vendor Carbon Black Files For IPO, Seeks To Raise $100 Million

Carbon Black's initial public offering filing Monday marks the third technology company over the past few weeks looking to go public.

Endpoint security software vendor Carbon Black filed for an initial public offering with the U.S. Securities and Exchange Commission Monday, marking the third technology company since late February to file for an IPO.

Waltham, Mass.-based Carbon Black, whose partner program was given a 5-Star rating on CRN's 2018 Partner Program Guide, is seeking to raise up to $100 million with its IPO. The company reported $162 million in sales for its fiscal year 2017, which ended Dec. 31, with a loss of $56 million.

"We believe the depth, breadth and real-time nature of our endpoint data, combined with the strength of our analytics platform, provides customers with the most robust and data-intensive solution to address the complete endpoint security life cycle," said the company in its S-1 form filed with the SEC. "Based on our experience and investment in next-generation solutions designed to address the full endpoint security life cycle -- predict, prevent, detect, respond to and remediate -- we have developed a highly differentiated technology approach."

[Related: Pivotal Software Plans To Raise $592M With IPO, Dell Will Control Voting Power]

Carbon Black, founded in 2002, was recently named a Visionary in research firm's Gartner 2018 Magic Quadrant for Endpoint Protection Platforms. Carbon's Bc Predictive Security Cloud platform collects and analyzes unfiltered endpoint data to make predictions and protect against future and unknown attacks. In February, the company hired Kane Lightowler as its new vice president of Americas field sales.

The company intends to list its common stock on the Nasdaq Global Select Market under the ticker symbol CBLK.

Dell Technologies-backed Pivotal Software filed for an IPO in late March. In an SEC filing on Monday, Pivotal said it anticipates its initial public offering of 37 million Class A shares to raise up to $592 million, with a share price of between $14 and $16.

On March 23, Dropbox made its IPO debut, trading at more than 30 percent above initial price.

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