Benchmark Capital-backed Amplitude has confidentially filed paperwork for a direct listing in the United States, a month after a funding round valued the start-up at $4 billion, Reuters reports.
Founded in 2012, Amplitude helps companies optimize their products by analyzing which features translate to better business outcomes.
Companies have bolstered their digital presence and online product offerings due to the impact of the pandemic, leading to increased demand for companies such as Amplitude.
Amplitude, which has quadrupled its valuation since May last year, said in June that revenue for fiscal 2020 jumped 50%. Read more.