Pre-IPO Profile: Dataminr

Company: Dataminr

Founded: 2009

Total Funding to Date: $180 mm

Investors:

  • Credit Suisse
  • Fidelity
  • GSV Capital
  • Institutional Venture Partners
  • Venrock
  • Wellington Management

Key People:

  • Ted Bailey, CEO, Founder & Chairman
  • Jeff Kinsey, CTO & Co-Founder
  • Julio Pekarovic, CFO

Description: Based in New York City, Dataminr is a leading real-time information discovery company. Dataminr transforms real-time data from Twitter and other public sources into actionable signals, identifying the most relevant information for clients in finance, public sector, news, security and crisis management. Since Dataminr’s founding in 2009, use of the the company’s information, content and services has become widespread not only on Wall Street but also across many industries that depend on real-time information. Dataminr is currently used by the world’s leading hedge funds and investment banks to take action on early market moving information and gain perspective and context from non-traditional sources. In the public sector both here at home and abroad, local and national governments are leveraging Dataminr to receive the earliest possible warnings of disasters and other major incidents in order to better protect their citizens and help save lives. Across the media industry, Dataminr has rapidly become the real-time information standard for news organizations.  In security and crisis management watch centers around the globe, Dataminr is providing crucial early warnings to some of the world’s largest corporations on emerging threats to help protect their assets, interests and employees.

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Pre-IPO Profile: DigitalOcean

Company: DigitalOcean

Founded: June 24, 2011

Total Funding to Date: $123 mm

Investors:

  • Access Industries
  • Andreessen Horowitz
  • CrunchFund
  • Fortress Investment Group
  • IA Ventures
  • Techstars
  • Trinity Capital Investment

Key People:

  • Ben Uretsky, CEO & Co-Founder
  • Moisey Uretysky, CPO & Co-Founder
  • Mitch Wainter, CMO & Co-Founder
  • Karl Alomar, COO

Description: DigitalOcean is a cloud infrastructure provider focused on simplifying innovation for software developers to create, automate and manage a robust infrastructure with features like API, Floating IPs, Shared Private Networking and Team Accounts. In May 2015, DigitalOcean announced that it became the second-largest hosting company in the world in terms of web-facing computers, after Amazon Web Services, with twice as many computers.

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Pre-IPO Profile: Instacart

Company: Instacart

Founded: 2012

Total Funding to Date: $275 mm

Investors:

  • Andreessen Horowitz
  • Canaan Partners
  • FundersClub
  • Khosla Ventures
  • Kleiner Perkins Caufield & Byers
  • Sequoia Capital
  • Y Combinator

Key People:

  • Apoorva Mehta, Co-Founder & CEO
  • Max Mullen, Co-Founder
  • Brandon Leonardo, Co-Founder

Description: Instacart uses personal shoppers to pick up customers’ groceries from multiple local stores and deliver them in roughly an hour. The service is often less expensive for consumers than a personal, time-consuming trip to the grocery store. It offers delivery at $5.99 for one-hour delivery, $3.99 for two-hour delivery, or Instacart Express, a grocery delivery membership for $99 per year. Currently, Instacart has a presence in 15 major cities in the United States.

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Pre-IPO Profile: Inrix

Company: Inrix

Founded: 2004

Total Funding to Date: $143 mm

Investors:

  • Kleiner Perkins Caufield & Byers
  • August Capital
  • Bain Capital Ventures
  • The Porsche Family

Key People:

  • Bryan Mistele, President & CEO
  • Saul Gates, CFO

Description: INRIX is a leading traffic intelligence platform delivering smart data and advanced analytics to solve transportation issues worldwide. They crowd sources real-time data from approximately 100 million vehicles and devices to deliver traffic and driving-related insight, as well as sophisticated analytical tools and services, across five industries in 40 countries. According to the company, INRIX has 200 customers and partners including Audi, ADAC, ANWB, BMW, the BBC, Ford Motor Company, the I-95 Coalition, MapQuest, Microsoft, NAVIGON, Telmap, TomTom, Toyota and Vodafone. The number of navigation systems receiving traffic data may grow close to 38 million in 2018 globally up from 8.5 million in 2010, according to the research. INRIX sources data from hundreds of partners and customers, while monetizing it through a real data licensing business that currently expands beyond transportation to real-estate, media and finance.

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Pre-IPO Profile: FanDuel

Company: FanDuel

Founded: 2009

Total Funding to Date: $361 mm

Investors:

  • KKR
  • Google Capital
  • Time Warner Investments
  • Turner Sports
  • A number of NFL and NBA team owners
  • Shamrock Capital
  • NBC Sports Ventures
  • Comcast Ventures
  • Bullpen Capital
  • Pentech Ventures
  • Piton Capital

Key People:

  • Nigel Eccles, CEO & Co-Founder
  • Lesley Eccles, EVP Marketing & Co-Founder
  • Tom Griffits, CPO & Co-Founder
  • Rob Jones, Creative Director & Co-Founder
  • Chris Stafford, Tech Director & Co-Founder
  • Christian Genetski, CLO
  • Matt King, CFO
  • Robin Spira, CTO

Description: FanDuel is the leading daily fantasy sports provider with the sole mission of making sports more exciting. FanDuel offers a multitude of one-day game options for NFL, NBA, MLB, NHL and college football and basketball, with new public and private leagues forming daily, ranging in size from two to thousands of players. FanDuel is the Official Partner of the NBA and has multiple deals with NFL and NBA teams, driving fan engagement, hosting numerous live events and creating once-in-a-lifetime experiences for sports fans throughout the year. FanDuel announced that at the end of 2014, the company had more than quadrupled its revenue and user base since the start of that year’s football season, reaching close to $60 million in revenue for 2014. Additionally, $560 million was paid out to users in 2014.  This number is expected to reach $2 billion in 2015 with more than 1 million active users.

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Pre-IPO Profile: DraftKings

Company: DraftKings

Founded: 2012

Total Funding to Date: $375 mm

Investors:

  • FOX Sports
  • Major League Baseball
  • The National Hockey League
  • Major League Soccer
  • The Madison Square Garden Company
  • Legens
  • Atlas Ventures
  • DST Global
  • GGV Capital The Kraft Group
  • The Raine Group
  • Wellington Management Company

Key People:

  • Jason Robins, CEO & Co-Founder
  • Matthew Kalish, Co-Founder
  • Paul Liberman, COO & Co-Founder
  • Tim Dent, CFO
  • Jason Macinnes, CTO

Description: DraftKings is a leading skill-based Daily Fantasy Sports (DFS) gaming destination for fans in North America to compete in single-day online games for cash and prizes across the largest variety of professional and collegiate sports.  They are a leading provider of Fantasy Football and the exclusive DFS partner of Major League Baseball (MLB), the National Hockey League (NHL), NASCAR, Ultimate Fighting Championship (UFC) and Major League Soccer (MLS).  DraftKings also includes DFS games for the NBA, PGA, Premier League Soccer, MMA, NCAAF, and NCAAM. In July 2015, DraftKings entered into a three-year advertising deal with ESPN valued at $250 million. This deal includes exclusivity for advertising within the daily fantasy sports market on ESPN networks beginning in January 2016.

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SecureWorks (NASDAQ:SCWX) S-1 Analysis

Exchange: NASDAQ

Proposed Symbol: SCWX

CEO: Michael R. Cote

Offer Amount: $100 mm

No. of Shares to be sold in IPO: TBA

Price Range: TBA

Expected Mkt Cap: $2 bn

Expected IPO Date: TBA

Overview from S-1: “We are a leading global provider of intelligence-driven information security solutions exclusively focused on protecting our clients from cyber attacks. We have pioneered an integrated approach that delivers a broad portfolio of information security solutions to organizations of varying size and complexity. Our solutions enable organizations to fortify their cyber defenses to prevent security breaches, detect malicious activity in real time, prioritize and respond rapidly to security breaches and predict emerging threats. The solutions leverage our proprietary technologies, processes and extensive expertise in the information security industry which we have developed over 16 years of operations. Our flexible and scalable solutions support the evolving needs of the largest, most sophisticated enterprises staffed with in-house security experts, as well as small and medium-sized businesses and government agencies with limited in-house capabilities and resources. As of October 30, 2015, we served over 4,100 clients across 61 countries.”

Underwriters:

  • Lead Underwriter: B of A Merrill Lynch, Morgan Stanley, Goldman Sachs,  J.P. Morgan
  • Co Managers: Barclays, Citigroup, Credit Suisse, RBC Capital Markets, UBS Investment Bank, Pacific Crest Securities, Stifel, SunTrust Robinson Humphrey, William Blair

Competitors: FireEye, Inc., Palo Alto Networks, Inc., Symantec Corporation, Cisco Systems, Inc., Hewlett Packard Enterprise Company, International Business Machines Corporation, Intel Corporation, Alien Vault, Bit9, CloudFlare, Endgame, Lookout, Tanium, Tenable Network Security.

*NOTE* ALL Dollar Amounts indicated in the graphs below are in thousands (ex. 45,000 on graph is $45 mm) unless indicated otherwise

 

Other Notes

  • Based in Atlanta, GA
  • Founded in 1999; acquired by Dell in 2011 for $612 mm
  • Secureworks is a Dell spinoff
  • Similar public firms include Fireeye (FEYE), Palo Alto Networks (PANW), and CyberArk Software (CYBR).
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