Cybersecurity company ForeScout went public on the Nasdaq Friday. The company priced shares at $22 dollars, but traded above that all day long. Pedro Abreu, Chief Strategist at ForeScout, says the company differentiates itself from others in the IoT space by developing cybersecurity technology that is "agentless." In the company's previous funding round in 2016, valued it at $1 billion, but its IPO puts it a little below that. Still, Abreu says now is the right time to go public, because "cybersecurity is a new reality." ForeScout, whose software looks to protect connected devices, reported revenue of $167 million last year, up 32 percent from 2015. But losses also widened to $75 million from $27 million the year before.