SentinelOne hits unicorn status after funding round
SentinelOne, an autonomous endpoint protection company, has secured $200m in its Series E, pushing its valuation to $1.1bn.
Venture capital and private equity firm Insight Partners led the round. Other investments to the round came from Tiger Global Management, Qualcomm Ventures LLC, Vista Public Strategies of Vista Equity Partners, Third Point Ventures and several previous investors.
Capital from the round will be used to meet rising customer demand and fostering further growth.
SentinelOne is a cybersecurity software company which leverages AI to support prevention, detection, response and hunting across enterprises of threats.
The investment comes after a strong period of growth, including a 104% year-over-year (YoY) revenue growth. SentinelOne has also grown its transactions over $2m by 150% and its net customer retention rate by 134%.
SentinelOne CEO and co-founder Tomer Weingarten said, “The cybersecurity demands of today’s enterprises have evolved, and we’ve taken endpoint protection far beyond what it once was. Instead of solely protecting laptops, desktops, and servers with EPP and EDR capabilities, we protect the entire network edge with flexible, autonomous technology — from containerized workloads in the cloud and data centre to IoT devices
“Leveraging AI to process enormous amounts of data in real-time allows our customers to stay secure from all vectors of attack. Delivering value to customers well beyond the traditional endpoint is what positions SentinelOne as the fastest growing and most promising cybersecurity platform.”
The RegTech company closed a $120m Series D round from Insight Partners.
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