- Autonomous endpoint protection company SentinelOne announced it has raised $200 million in Series E funding at a valuation of $1.1 billion
Autonomous endpoint protection company SentinelOne announced it has raised $200 million in Series E funding led by Insight Partners with participation from Tiger Global Management, Qualcomm Ventures LLC, Vista Public Strategies of Vista Equity Partners, Third Point Ventures, and previous investors. And with this round of funding, SentinelOne’s valuation is now $1.1 billion.
This funding round will enable SentinelOne to continue accommodating high customer demand and accelerate growth. And SentinelOne’s rapid growth is a testament to the company’s ability to execute, staying ahead of the ever-evolving threat landscape while shaping and disrupting multiple categories. And SentinelOne is the first to expand from cloud-native endpoint protection to a full cybersecurity platform, which protects and monitors every asset in the enterprise.
By utilizing patented behavioral and static AI models, SentinelOne seamlessly unifies endpoint protection (EPP), endpoint detection and response (EDR) with ActiveEDR, IoT control with SentinelOne Ranger, and container and cloud-native workload protection into the Singularity Platform for an impressive level of autonomous protection.
“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 center to IoT devices,” said Tomer Weingarten, CEO and Co-founder of SentinelOne. “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.”
SentinelOne now serves 3 of the Fortune 10 and hundreds of Global 2,000 enterprises amongst its more than 3,500 customers. And additional growth points highlighting the company’s business traction include 134% net customer retention rate, 113% YoY new logo bookings growth, 104% YoY revenue growth, and 150% YoY growth in transactions over $2 million.