FatPipe, which provides network software solutions for enterprises, filed on Friday with the SEC to raise up to an estimated $17 million in an initial public offering.
FatPipe provides enterprise-class, application-aware, secure software-defined wide area network (SD-WAN) solutions for organizations, including enterprises, communication service providers, security service providers, government organizations, and middle-market companies. Through its integrated suite of software solutions, the company offers customers a reliable and secure platform to support mission-critical applications running on cloud, hybrid cloud, and on-premise networks. Its core offerings include SD-WAN, secure access service edge (SASE), and network monitoring service (NMS) software solutions, each of which is typically offered as a subscription service. FatPipe primarily serves customers in the US and India, though it plans to continue expanding its presence throughout North America and parts of Southeast Asia.
The Salt Lake City, UT-based company was founded in 2010 and booked $18 million in revenue for the 12 months ended March 31, 2024. It plans to list on the Nasdaq under the symbol FATN. FatPipe filed confidentially on October 10, 2023. Roth Capital is the sole bookrunner on the deal. No pricing terms were disclosed.
