June 14, 2019 update: CrowdStrike has completed the IPO and is being traded under the ticker CRWD with valuation of $12B. The tech bubble is incredible!
CrowdStrike has filed a preliminary prospectus for an IPO. The narrative has totally shifted. It contains no claims of ability to attribute cyber-incidents. Its DNC work is not even mentioned. Instead, it focuses on the Cloud and AI. The prospectus even claims (falsely) that the company was founded “on the principle that the future of security would be driven by AI“. The target valuation is $3.4B, despite a net loss of $140 million on $250 million in revenue (2018). From the prospectus: Continue reading CrowdStrike’s IPO