Security News

Israel-based ecommerce fraud prevention company Riskified has announced the pricing of its initial public offering as it prepares to start trading publicly on the New York Stock Exchange. Riskified is offering 17,300,000 Class A ordinary shares at $21 per share, which means the company is hoping to raise more than $360 million.

SentinelOne on Monday updated the terms of its initial public offering, and the endpoint security company is now hoping to raise over $1 billion. SentinelOne filed for an IPO in early June and in an amendment made to its S-1 registration statement on June 21 the company revealed that it's offering 32 million shares of its Class A common stock.

SentinelOne filed for an IPO in early June and in an amendment made to its S-1 registration statement on Monday the company revealed that it's offering 32 million shares of its Class A common stock. SentinelOne expects its IPO price to range between $26 and $29 per share, which means it hopes to raise up to $928 million.

SentinelOne has filed a registration statement on Form S-1 with the U.S. SEC to offer 32,000,000 shares of its Class A common stock to the public. SentinelOne has applied to list its Class A common stock on the New York Stock Exchange under the ticker symbol "S.".

Founded in 2013, SentinelOne has created a platform that has evolved from a general endpoint protection solution to what the company describes as a "Full XDR cybersecurity platform" that includes AI-based endpoint protection, endpoint detection and response, IoT control, and protection for container and cloud workloads. The company achieved "Unicorn" status in early 2020 when it raised $200 million in a Series E round.

British AI-powered security startup Darktrace has enjoyed a bumper IPO Friday as its shares climbed 40 per cent on its London Stock Exchange debut. Raising £165m for the Cambridge-based cyber-security company and its backers, the IPO offered an opening value of £1.7bn. Darktrace says its "Enterprise immune systems" are designed to use machine learning to identify and respond to threats and incidents across cloud, IoT, virtualized networks, and industrial control systems.

British AI-powered infosec biz Darktrace is to go public in England's capital city, the company told the London Stock Exchange this morning. "The majority of senior management has been with Darktrace since inception, including its Chief Executive Officer, Poppy Gustafsson OBE" boasted the filing as it quoted the chief exec saying: "Developed by our talented software engineering teams in Cambridge, our artificial intelligence was the first on the market to be deployed at-scale in the enterprise, and today is responsible for protecting over 4,700 organizations worldwide from the most sophisticated cyber-threats."

The company revealed in an S-1 form filed with the U.S. Securities and Exchange Commission that it's offering a total of 37 million shares, including roughly 6 million from stockholders. It expects the IPO price to range between $19 and $22 per share, which could earn McAfee up to $682 million and stockholders another $132 million, for a total of $814 million.

McAfee - the antivirus vendor, not the totally sane and level-headed man who founded it - is reportedly looking to raise more than $600m in its upcoming IPO. The news comes some weeks after McAfee made a placeholder valuation of $100m in its IPO filing, with investment speculators reckoning the final sum might top $2bn. The business will offer around 31 million shares to the market at $19-$22 apiece, according to the S-1. In the first six months of to 27 June 2020, McAfee claimed a net profit of $31m; last fiscal year it reported revenues of $2.6bn - and a net loss of $236m.

A registration statement filed by McAfee on Monday with the U.S. Securities and Exchange Commission shows that the company is planning on returning to public markets. In its SEC filing, McAfee listed the offering size at $100 million, but Renaissance Capital research analysts say the amount is likely a placeholder and they estimate that the deal could help the company raise up to $2 billion.