Last update: June 6, 2019

CrowdStrike is one step closer to joining the growing herd of loss-making tech unicorns hitting the public markets this year. The cybersecurity business has raised its proposed price range Thursday for its upcoming IPO, which would give the company an initial market cap of around $5.7 billion at a midpoint pricing. That would represent the biggest public offering ever for a VC-backed cybersecurity company in the US, per PitchBook data. The terms follow closely on the heels of CrowdStrike  reaching a settlement in a two-year lawsuit against research firm NSS Labs over the test results for one of its products.

With more than $480 million in VC funding to date, CrowdStrike's biggest backers include  Warburg Pincus and Accel. The two firms collectively hold more than 50% of the company's class B shares, which carry 10x the regular voting power. Warburg and Accel first backed CrowdStrike in 2012 and 2013, respectively.

Using the company's IPO filing and PitchBook data, we broke down the numbers surrounding CrowdStrike's journey to the public market, its valuation history and more.