Feb 17, 2017

MuleSoft files for IPO

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

Coronavirus accelerates AI in health care

Illustration: Sarah Grillo/Axios

From predicting outbreaks to devising treatments, doctors are turning to AI in an effort to combat the COVID-19 pandemic.

Why it matters: While machine learning algorithms were already becoming a part of health care, COVID-19 is likely to accelerate their adoption. But lack of data and testing time could hinder their effectiveness — for this pandemic, at least.

Go deeper (3 min. read)Arrow12 mins ago - Health

Live updates: Crewed SpaceX launch postponed due to weather

The Falcon 9 rocket with a Crew Dragon atop. Photo: SpaceX

SpaceX's attempt to launch NASA astronauts Doug Hurley and Bob Behnken has been postponed due to weather. They could attempt to launch again as soon as Saturday.

Why it matters: If all goes well, the launch — now expected to happen at 3:22 p.m. ET on Saturday — will mark the first time a private company has successfully launched people to orbit and the first crewed, orbital rocket launch from the U.S. in 9 years.

Go deeper (1 min. read)ArrowUpdated 31 mins ago - Science

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 4:30 p.m. ET: 5,647,961 — Total deaths: 353,011 — Total recoveries — 2,325,227 — Map.
  2. U.S.: Total confirmed cases as of 4:30 p.m. ET: 1,692,786 — Total deaths: 99,783 — Total recoveries: 384,902 — Total tested: 14,907,041 — Map.
  3. Public health: Fauci says data is "really quite evident" against hydroxychloroquine — Nearly half of Americans say someone in their household has delayed medical care.
  4. Business: African American business owners have seen less relief from PPP, Goldman Sachs says — Disney plans phased reopening on July 11 — Author Ann Patchett says bookstores are innovating to stay connected with customers.
  5. 1 🎶 thing: Local music venues get rocked by coronavirus.
  6. 🎧 Podcast: Trump vs. Twitter ... vs. Trump.
  7. What should I do? When you can be around others after contracting the coronavirus — Traveling, asthma, dishes, disinfectants and being contagious — Masks, lending books and self-isolating — Exercise, laundry, what counts as soap — Pets, moving and personal health — Answers about the virus from Axios experts — What to know about social distancing — How to minimize your risk.
  8. Other resources: CDC on how to avoid the virus, what to do if you get it, the right mask to wear.

Subscribe to Mike Allen's Axios AM to follow our coronavirus coverage each morning from your inbox.

Updated 31 mins ago - Politics & Policy