Axiom Global Inc., a human cloud platform that provides legal talent and technology, has taken steps to launch an initial public offering.

The company announced Thursday it confidentially submitted a draft registration statement on Form S-1 with the US Securities and Exchange Commission relating to the proposed initial public offering of its common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined. The proposed offering is subject to, among other things, completion of the SEC review process and market conditions.

Axiom ranks as the fourth-largest business-to-business human cloud platform with 2017 gross spend of $250 million (this is not total sales for the company, but human cloud gross spend only), according to Staffing Industry Analysts’ report “The Gig Economy and Human Cloud Landscape: 2018 Update.”

The company was founded in 2000. It has raised $28 million in venture funding, according to Crunchbase.

Axiom also announced the spin-off of two new companies — Knowable and Axiom Managed Solutions — effective Feb. 12. Knowable provides enterprise contracts intelligence and AMS provides solutions for complex legal work at scale; both will now pursue their own separate investment strategies, according to the company. 

Axiom will remain a global marketplace for on-demand corporate legal talent.

This article has been corrected from a previous version. An earlier version of this story did not indicate that the $250 million in spend referred only to human cloud spend – defined as work conducted/sourced through an online digital platform. The company's headquarters had also been incorrectly listed.