Bit9 Carbon Black Ipo

Bit9 carbon black ipo

Carbon Black IPO: One, Not Done

This article is about the cybersecurity company. For the chemical compound, see carbon black.

U.S.-based cybersecurity company

Carbon Black (formerly Bit9 and Bit9 + Carbon Black) is a cybersecurity company based in Waltham, Massachusetts.[1] The company develops cloud-native endpoint security software that is designed to detect malicious behavior and to help prevent malicious files from attacking an organization.[2] The company leverages technology known as the Predictive Security Cloud (PSC), a big data and analytics cloud platform that analyzes customers’ unfiltered data for threats.[3]

The company has approximately 100 partners.[4] It has over 5,600 customers including approximately one-third of the Fortune 100.[5]

In October 2019, the company was acquired by VMware.


Carbon Black was founded as Bit9 in 2002 by Todd Brennan, Allen Hillery, and John Hanratty.[6][7] The company's first CEO was George Kassabgi.[8] The current CEO, Patrick Morley, was formerly the chief operating officer of Corel.

He took over the position in 2007.[9]

In 2013, the company's network was broken into by malicious actors who copied a private signing key for a certificate and used it to sign malware.[10]

In February 2014, Bit9 acquired start-up security firm Carbon Black.[11][12] At the time of the acquisition, the company also raised $38.25 million in Series E funding, bringing Bit9’s total venture capital raised to approximately $120 million.[13] The company acquired Objective Logistics in June 2015.[14] In August 2015, the company announced that it had acquired data analytics firm Visitrend and would open a technology development center in downtown Boston.[15] A month later, the company announced it would partner with SecureWorks, Ernst & Young, Kroll, Trustwave, and Rapid7 to provide managed security and incident response services.[16][17]

The company changed its name to Carbon Black on February 1, 2016, after being known as "Bit9 + Carbon Black" for approximately two years.[18]

In July 2016, Carbon Black announced it had acquired next-generation antivirus software provider Confer for an undisclosed sum.

Prior to the deal, Confer had raised $25 million in venture funding and had more than 50 employees. According to The Wall Street Journal, the deal was valued at $100 million.[19]

On May 4, 2018, the company joined public markets, listing as "CBLK" on the Nasdaq exchange.

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As part of its initial public offering (IPO), Carbon Black raised approximately $152 million at a valuation of $1.25 billion.[20] Prior to its IPO, the firm had raised $190M from investors including Kleiner Perkins, Highland Capital, Sequoia, Accomplice, and Blackstone.[21][22]

In October 2019, the company was acquired by VMware.[23][24][25]



External links[edit]

  1. ^"Carbon Black, Inc.: Private Company Information - Bloomberg". Retrieved 2018-02-13.

  2. ^"Advanced prevention: Nothing new, just better". Network World, June 6, 2014.
  3. ^"Carbon Black stocks close 26 percent up on first day of public trading".

    Bit9 carbon black ipo

    Cyberscoop. May 4, 2018.

  4. ^"SEC S-1 Filing".

    Carbon Black in under 2 minutes

    SEC, 2018.

  5. ^
  6. ^"Dropbox's tale speaks to a Bay State weakness". The Boston Globe. August 5, 2012.
  7. ^"John Hanratty".

    Bloomberg L.P.

  8. ^"George Kassabgi". Veracode, 2014.

    Cybersecurity Provider Carbon Black Makes Confidential IPO Filing

    Archived from the original on 2015-10-09. Retrieved 2014-08-13.

  9. ^"Bit9 Names New CEO". Dark Reading, December 3, 2007.
  10. ^"Elite Chinese Cyberspy Group Behind Bit9 Hack". Dark Reading, September 18, 2013.
  11. ^"What does the Bit9 and Carbon Black merger mean for businesses?".

    Bit9 carbon black ipo

    Tech Radar, March 12, 2014.

  12. ^"Carbon Black S-1/A Filing, pg. 11". May 2, 2018.

    Are cryptocurrencies the same as pyramid scheme

    Archived from the original on May 9, 2018.

  13. ^"Bit9 raises $38M, merges with Carbon Black in cybersecurity consolidation". Boston Business Journal, February 13, 2014.
  14. ^"Exclusive: Bit9 acqui-hires Objective Logistics".

    Bit9 carbon black ipo

    Retrieved 2015-06-23.

  15. ^"Bit9 + Carbon Black Continues Investment in Innovation by Acquiring Security Data Analytics Firm and Establishing Development Center in Boston" (Press release). August 27, 2015.

    In the News

    Retrieved August 24, 2019 – via

  16. ^"Bit9 + Carbon Black Announces the Addition of EY's Managed SOC to the "Bit9 + Carbon Black Connect" Alliance Partner Program - Bit9 + Carbon Black". Retrieved 2015-09-28.
  17. ^Bit9. "Cutting-Edge MSSPs Supercharge their Services with Bit9 + Carbon Black, the Market Leader in Next-Gen Endpoint Security". Retrieved 2015-09-28.
  18. ^"Bit9 + Carbon Black is Now Carbon Black - Carbon Black" (Press release).

    February 1, 2016.

    About Carbon Black Stock

    Retrieved February 2, 2016 – via

  19. ^Zakrzewski, Cat (2016-07-19). "Carbon Black to Acquire Confer in $100 M Deal". The Wall Street Journal.

    ISSN 0099-9660. Retrieved 2016-07-21.

  20. ^"Carbon Black IPO Pops In Hot Cybersecurity Market".

    Carbon Black (company)

    Investors Business Daily, May 4, 2018.

  21. ^"Carbon Black | CrunchBase".

    Bit9 carbon black ipo

    Retrieved 2016-02-02.

  22. ^"Bit9 + Carbon Black Raises $54.5M - Carbon Black". Carbon Black. Retrieved 2016-02-02.
  23. ^"VMware Completes Acquisition of Carbon Black" (Press release). GlobeNewswire. October 8, 2019.
  24. ^"VMware acquires Carbon Black for $2.1B and Pivotal for $2.7 billion".

    Most Popular Videos

    TechCrunch. August 22, 2019.

  25. ^Lardinois, Frederic (August 23, 2019). "VMware acquires Carbon Black for $2.1B and Pivotal for $2.7 billion". TechCrunch.
  26. ^"Bit9 Named Best Anti-Malware Solution in GSN Homeland Security Awards".

    Bit9 carbon black ipo

    Business Wire. November 29, 2010.

  27. ^"2014 SC Awards U.S.

    Navigation menu

    Finalists". Retrieved 2015-06-23.

  28. ^"Bit9 + Carbon Black Named Best Endpoint Protection by Security Professionals in SANS Institute Awards". Bit9. Retrieved 2015-06-23.
  29. ^"Forrester Wave - Endpoint Security Suites Q4 2016".

    Cryptocurrency jobs from home Forrester Research. 17 October 2016.

    Retrieved 27 October 2016.

  30. ^"Forbes Cloud 100". Forbes. Retrieved 22 November 2016.