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Shhhh! Carbon Black Secretly Files for IPO

Carbon-blackWaltham, MA-based Endpoint Security firm Carbon Black quietly filed for its initial public offering Friday, according to reporting from the Wall Street Journal citing unnamed sources.

Carbon Black filed for its IPO confidentially with the US Securities and Exchange Commission under the Jumpstart Our Businesses Startups, or JOBS Act of 2012, which lets companies with less than $1 billion in revenue keep IPO filings private.

Founded in 2002 as Bit9, Carbon Black develops endpoint security software that detects suspicious behavior and prevents malicious files from attacking an organization.

Carbon Black has been growing quickly in recent years, with 200 new hires in 2015 and four acquisitions in the past two years (VisiTrend, Objective Logistics, Carbon Black, and Confer).

In 2015, the company had a revenue of more than $70 million—up at least 70 percent from the previous year.

Carbon Black has raised over $170 million in its 14-year existence, most recently raising $14 million in a February Series G funding round. The company was recently valued at approximately $600 million, according to the Wall Street Journal.

Primary investors in the cybersecurity company include Accomplice (formerly Atlas Venture), .406 Ventures, Sequoia Capital, Highland Capital Partners, Kleiner Perkins Caulfield & Byers, and Blackstone Group.

Carbon Black also announced today that IBM will resell its namesake Endpoint Protection Platform.


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