Next week, the sector is expected to add one more public company: the cloud cybersecurity platform Netskope. The 13-year-old startup also shares its earliest and largest investor with Rubrik: Lightspeed Venture Partners. The large Silicon Valley firm had a 23.9% ownership of Rubrik when it went public at $6.6 billion last year. In the case of Netskope, Lightspeed owns 19.3% of the company that aims to achieve a valuation of as much as $6.5 billion, according to the updated S1 filing.
Databricks sees revenue increase by more than 50 percent thanks to explosive demand for AI products. In the second quarter, Databricks achieved a revenue run rate of $4 billion (€3.4 billion). Databricks is aiming for a net revenue retention rate of over 140 percent. More than 650 customers spend over $1 million annually on its solutions. The company has generated positive free cash flow over the past 12 months.
Firefly Aerospace Inc. is a space and defense technology company based in Cedar Park, Texas, specializing in space launch and landing capabilities, including small- to medium-lift launch vehicles and lunar landers.
Black Rock Coffee Bar has confidentially filed for an initial public offering in New York, targeting a valuation exceeding $1 billion. This will mark the first IPO from a U.S. coffee company since 2022.
On July 16, Via Transportation announced it has confidentially submitted a draft registration statement on Form S-1 to the U.S. Securities and Exchange Commission (SEC), initiating the process for a proposed IPO.