AlgoSec Eyes London Listing Amid Cybersecurity Growth

AlgoSec, a cybersecurity firm based in New Jersey, is considering listing on the London Stock Exchange (LSE) through an initial public offering (IPO). The company specializes in automating network security policies across complex hybrid environments. AlgoSec's platform uses artificial intelligence (AI) to achieve this.

AlgoSec was founded in 2004 and has raised approximately $36 million in funding over its lifetime. It employs around 554 people worldwide, with a presence in Europe through a UK subsidiary and regular events in London. However, no specific details have been disclosed about the IPO timeline or valuation targets.

The company's growth metrics are impressive, with a 37% year-over-year increase in new business for 2025, paired with gross dollar retention rates above 90%. AlgoSec itself does not have any documented association with crypto or blockchain technologies. Prior to any IPO, its shares have been available to accredited investors through platforms like EquityZen.