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MuleSoft, a SaaS integration company valued at $1.5 billion by venture capitalists, this morning filed for an initial public offering.

The deal: San Francisco-based MuleSoft plans to raise $100 million, although that's likely a placeholder figure that will increase later. It plans to trade on the NYSE under ticker symbol MULE, with Goldman Sachs serving as lead underwriter.

Financials: MuleSoft reports a $50 million net loss on $188 million in revenue for 2016, compared to a $65 million net loss on $110 million in 2015 revenue. It raised over $250 million in total venture capital funding, from firms like Lightspeed Venture Partners, Hummer Winblad, NEA, Sapphire Ventures, Bay Partners, Morgenthaler, Meritech Capital and Salesforce Ventures.

Why it matters: Snap is sucking up all the tech IPO headlines, but MuleSoft is much more representative of the types of tech companies ― cloud-based enterprise software ― that are expected to hit market in 2017.

Go deeper

Biden says $1,400 stimulus payments can start going out this month

Photo: Samuel Corum/Getty Images

President Biden said Saturday that the Senate passage of his $1.9 trillion COVID relief package means the $1,400 direct payments for most Americans can begin going out later this month.

Driving the news: The Senate voted 50-49 Saturday to approve the sweeping legislation. The House is expected to pass the Senate's version of the bill next week before it heads to Biden's desk for his signature.

Updated 4 hours ago - Politics & Policy

Senate passes $1.9 trillion COVID relief package

Stefani Reynolds/Bloomberg via Getty Images

The Senate voted 50-49 on Saturday to approve President Biden's $1.9 trillion COVID relief package.

Why it matters: COVID relief has been a central promise for Biden, and passing the sweeping package has been a major priority for the administration and congressional Democrats.

5 hours ago - Health

COVID-19 drives smell loss awareness, research

A health worker carries out an olfactory test outside Buenos Aires. Photo: Alejandro Pagni/AFP via Getty Images

The pandemic has thrust a relatively unknown ailment, anosmia — or smell loss — into the international spotlight.

Why it matters: Researchers hope smell testing becomes as standard as the annual flu shot, helping to detect early signs of neurodegenerative diseases like Alzheimer’s and Parkinson’s.