Cloudflare
Cloudflare has tapped Goldman Sachs to lead an initial public offering that is expected to come in the first half of 2019, Reuters reported in October.
The San Francisco, Calif.-based web performance and security vendor believes it could be valued at more than $3.5 billion in the IPO, Reuters said. The company has a system for securing Internet of Things devices called Orbit, which makes it possible for IoT manufacturers to configure their devices to connect with the internet through Cloudflare's network.
The company has experienced massive headcount growth over the past two years, going from just 363 employees in December 2016 to 831 employees today, according to LinkedIn. From a functional standpoint, Cloudflare has done the most hiring in its business development and sales teams, with each increasing headcount by at least 74 percent since last year.
