Security company CrowdStrike plans to raise $100 million in an initial public offering (IPO), according to a U.S. Securities and Exchange Commission (SEC) filing.

That figure will likely change as $100 million is usually used as a placeholder number by companies planning to go public. And if recent cybersecurity IPOs — like fellow endpoint security software company Carbon Black’s — are any indication, CrowdStrike’s will probably raise more when its stock debuts on the Nasdaq Global Select Market under the symbol “CRWD.”

The company, founded in 2011, was valued at $3 billion after a $200 million Series E funding round in June 2018.

In its SEC filing, CrowdStrike says revenue grew from $52.7 million for fiscal 2017, to $118.8 million for fiscal 2018, representing 125% year-over-year growth, and then another 110% to $249.8 million for fiscal 2019.

Its net losses also grew, however, from $91. 3 million for fiscal 2017, to $140.1 million for fiscal 2019. The company said it expects to incur net losses “for the foreseeable future” as it invests in its business and works to capture a larger share of the market.

In March, CrowdStrike extended its Falcon platform to provide cloud-delivered endpoint security to mobile devices. The company said that as of Jan. 31, it had 2,516 subscription customers worldwide, including 44 of the Fortune 100, 37 of the top 100 global firms, and nine of the top 20 major banks.

One of these customers is cloud giant Amazon Web Services (AWS), according to the filing. AWS conducted a yearlong test comparing the company’s technology against “multiple next-gen and legacy vendors” before deploying the entire Falcon platform with the initial deployment consisting of 13,000 endpoints. Today the platform runs on “hundreds of thousands of AWS workstations and servers,” it says.

While 2018 was a huge year for cybersecurity IPOs — and a record year for security venture capital funding — 2019 has yet to be tested. The CrowdStrike IPO will be the first of the year. The four biggest security startups last year raised about $1.4 billion. These include Avast Software ($811 million), Tenable ($251 million), Zscaler ($192 million), and Carbon Black ($152 million).

At the time of its IPO, Tom Barsi, senior vice president of corporate and business development at Carbon Black, told SDxCentral that the endpoint-protection market was a three-way horse race with the other horses being Cylance and CrowdStrike. “The three Cs,” Barsi said, adding that the company's IPO will push Carbon Black across the finish line first.

Eight months later BlackBerry acquired Cylance for $1.4 billion.