INSUBCONTINENT EXCLUSIVE:
As cybercrime continues to evolve and expand, a startup that is building a business focused on endpoint security has raised a big round of
its valuation to $1.1 billion.The funding is notable not just for its size but for its velocity: it comes just eight months after
SentinelOne announced a Series D of $120 million, which at the time valued the company around $500 million
being led by Insight Partners, with Tiger Global Management, Qualcomm Ventures LLC, Vista Public Strategies of Vista Equity Partners,
Third Point Ventures and other undisclosed previous investors all participating.Tomer Weingarten, CEO and co-founder of the company, said in
lucrative, I guess, depending on which side of the equation you sit on), it has also meant that the market for cybersecurity has
significantly expanded.Endpoint security, the area where SentinelOne concentrates its efforts, last year was estimated to be around an $8
changed the world of work in the last decade
The result is a spaghetti of a problem
The company has roots in the Israeli cyberintelligence community but is based out of Mountain View, and its platform is built around the
idea of working automatically not just to detect endpoints and their vulnerabilities, but to apply behavioral models, and various modes of
means the only company working in the space of endpoint protection
Others in the space include Microsoft, CrowdStrike, Kaspersky, McAfee, Symantec and many others.But nonetheless, its product has seen
enterprises, with what it says has been 113% year-on-year new bookings growth, revenue growth of 104% year-on-year and 150% growth
year-on-year in transactions over $2 million
It has 500 employees today and plans to hire up to 700 by the end of this year.One of the key differentiators is the focus on using AI, and
endpoint market has cleared with a select few exhibiting the necessary vision and technology to flourish in an increasingly volatile threat
Nevertheless, that also points to the bigger consolidation trend that will be interesting to watch as the company grows
