SentinelOne explained

SentinelOne, Inc.
Former Name:Sentinel Labs, Inc.
(2013–2021)
Type:Public company
Key People:Tomer Weingarten
(Chairman & CEO)
Num Employees: (2023)
Revenue: (2023)
Operating Income: (2023)
Net Income: (2023)
Assets: (2023)
Equity: (2023)
Footnotes:Financials [1]

SentinelOne, Inc. is an American cybersecurity company listed on NYSE based in Mountain View, California.[2] [3] [4] The company was founded in 2013 by Tomer Weingarten, Almog Cohen and Ehud ("Udi") Shamir.[5] [6] Weingarten acts as the company's CEO. Vats Srivatsan is the company's COO.[7] The company has approximately 2,100 employees and offices in Mountain View, Boston, Prague, Tokyo, and Tel Aviv.[8] [9] The company uses machine learning for monitoring personal computers, IoT devices, and cloud workloads.[10] The company's platform utilizes a heuristic model, specifically its patented behavioral AI. The company is AV-TEST certified.[11] [12]

Funding

In June 2019, SentinelOne received $120 million in a Series D funding round led by Insight Partners.[13] The company received an additional $200 million in Series E funding in February 2020.[14] The Series E round placed SentinelOne at a valuation of about $1.1 billion. In 2020, SentinelOne closed a round for $267 million in funding, bringing its total valuation to $3.1 billion.[15]

On June 30, 2021, SentinelOne completed an initial public offering on the NYSE, raising $1.2 billion.[16] It trades under the symbol S, which was formerly used by telecommunications company Sprint prior to its 2020 merger with T-Mobile US.

Acquisitions

In February 2021, SentinelOne announced the acquisition of cloud-scale data analytics platform Scalyr for $155 million in cash and equity.[17]

In March 2022, SentinelOne announced the acquisition of the identity detection and response technology company, Attivo Networks, for $616.5 million in cash and equity.[18]

In early November 2023, SentinelOne acquired[19] the boutique consultancy Krebs Stamos Group, founded by former CISA Director Chris Krebs and former Facebook Chief Security Officer Alex Stamos, which was rebranded and relaunched[20] as PinnacleOne Strategic Advisory Group.[21]

In January 2024, SentinelOne agreed to acquire PingSafe, valuing the company at over $100 million.[22]

Sponsorships

Since 2021, SentinelOne has been the official cybersecurity sponsor of the Aston Martin Cognizant F1 Team.[23]

Customers

SentinelOne has customers including: Hitachi, Lyft, Electronic Arts, Aston Martin, Samsung, Canva, Autodesk, NOV Inc., Naver, Sysco, Shutterfly, and Havas.[24]

Notes and References

  1. Web site: SentinelOne fiscal 2023 Annual Report (Form 10-K) . March 29, 2023 . U.S. Securities and Exchange Commission.
  2. News: Cybersecurity firm SentinelOne valued at nearly $11 bln in public debut. Krystal. Hu. Sohini. Podder. Reuters . June 30, 2021. www.reuters.com.
  3. News: Ziv . Amitai . 2020-02-20 . Israeli Cybersecurity Firm SentinelOne Raises $200 Million . Haaretz.
  4. Web site: Lunden . Ingrid . 19 February 2020 . SentinelOne raises $200M at a $1.1B valuation to expand its AI-based endpoint security platform . August 25, 2020 . TechCrunch.
  5. Web site: D'Onfro . Jillian . AI 50: America's Most Promising Artificial Intelligence Companies . Forbes . 2019-09-17.
  6. News: Lunden . Ingrid . SentinelOne raises $120M for its fully autonomous, AI-based endpoint security solution . 2019-06-04 . TechCrunch.
  7. Web site: Nicholas Warner Profile, Bloomberg. Bloomberg. August 25, 2020.
  8. Web site: Schubarth . Cromwell . 2020-02-19 . Silicon Valley CrowdStrike competitor hits unicorn status with $200M funding . August 25, 2020 . Silicon Valley Business Journal.
  9. Web site: Orbach . Meir . 19 February 2020 . Insight Partners Backs SentinalOne in $200 Million Investment . August 25, 2020 . CTech.
  10. Web site: Scroxton . Alex . SentinelOne makes security platform free to support remote workers . August 25, 2020 . Computer Weekly.
  11. Web site: Brewster . Thomas . 2015-08-26 . Netflix Is Dumping Anti-Virus, Presages Death Of An Industry . August 25, 2020 . Forbes.
  12. Web site: Greene . Tim . 30 July 2015 . Endpoint security firm SentinelOne challenges traditional anti-virus software . August 25, 2020 . Network World.
  13. Web site: Lunden . Ingrid . 5 June 2019 . SentinelOne raises $120M for its fully autonomous, AI-based endpoint security solution . August 25, 2020 . TechCrunch.
  14. Web site: CNBC Disruptor 50. 16 June 2020 . CNBC. August 25, 2020.
  15. News: Johnson . Robert . SentinelOne, an AI-based endpoint security firm, confirms $267M raise on a $3.1B valuation . 21 November 2020 . PreIPOSwap.com . Crediblock.com . 20 November 2020.
  16. News: de Leon . Riley . SentinelOne soars in first trade as highest-valued cybersecurity IPO ever . 30 June 2021 . CNBC.com . 30 June 2021.
  17. News: 2021-09-02. SentinelOne buys US big data co Scalyr for $155m. en. Globes. 2021-02-10.
  18. Web site: Anand . Praharsha . 17 March 2022 . SentinelOne to acquire Attivo Networks for $617 million . 2022-03-17 . IT PRO . en.
  19. Web site: Greig . Jonathan . 2023-11-09 . SentinelOne to acquire cybersecurity consulting firm Krebs Stamos Group . 2023-12-02 . The Record.
  20. . SentinelOne® Launches PinnacleOne Strategic Advisory Group . Boca Raton, FL . Businessswire . 2023-09-09 . 2023-12-02.
  21. Web site: PinnacleOne . SentinelOne . n.d. . 2023-12-02.
  22. Web site: Singh . Manish . 2024-01-08 . SentinelOne acquires Peak XV-backed PingSafe for over $100 million . 2024-07-21 . TechCrunch . en-US.
  23. Web site: 23 February 2021. SentinelOne joins as Official Cybersecurity Partner. 18 August 2021. Aston Martin Cognizant Formula 1 Team.
  24. Web site: Our Customers . 28 April 2024.

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