Cybersecurity Vendor Darktrace Eyes IPO Amid Surging Sales British cybersecurity firm Darktrace reveals growing revenue, fluctuating losses, and a significant channel sales motion in its IPO filings, with partners bringing in 35 percent of revenue as of Dec. 31, 2020. By Michael Novinson April 13, 2021, 01:28 PM EDT Darktrace became the first cybersecurity company to pursue a London initial public offering (IPO) since 2018, revealing growing revenue and a significant channel sales motion. The Cambridge, England-based company said more than 370 active channel partners across nearly 70 countries accounted for 35 percent of Darktrace’s revenue as of Dec. 31, according to a registration document filed Monday. Darktrace is looking to raise between $350 million and $400 million in a London Stock Exchange IPO that could value the company at $4 billion, The Wall Street Journal reported.