Autonomous Endpoint Protection Company SentinelOne Raises $120 Million

By Noah Long ● June 9, 2019
  • Autonomous endpoint protection company SentinelOne has announced it raised $120 million in Series D funding
  • Insight Partners led this round of funding
  • Samsung Venture Investment Corporation, NextEquity, and previous investors including Third Point Ventures, Redpoint Ventures, Granite Hill and Data Collective (DCVC) also joined the round

SentinelOne, a Mountain View, California-based autonomous endpoint protection company, announced recently it raised $120 million in Series D funding led by Insight Partners. Samsung Venture Investment Corporation, NextEquity, and previous investors including Third Point Ventures, Redpoint Ventures, Granite Hill and Data Collective (DCVC) also joined in this round. Including this round, SentinelOne has raised a total of more than $230 million.

“We’ve built a team and technology to disrupt and broaden the endpoint space: as the network perimeter is drastically changing, so does the notion of the endpoint,” said SentinelOne CEO and co-founder Tomer Weingarten in a statement. “Endpoints are everywhere today, from classic laptops and desktops, to workloads in the cloud and the datacenter, and all IoT devices – the network edge is the real perimeter. We were the first to unify EPP and EDR – prevention, detection, response, and hunting – in a single autonomous agent. We were the first to stand behind our product with a cyber warranty. Now we are the first to take AI-based device protection to the edge, covering IoT endpoints and workloads in the cloud. We have delivered unrivaled product innovation through a sustainable growth model that’s unique to others in the space, positioning us as a leader into the future.”

As enterprises continue are replacing legacy antivirus at scale, their expectations are evolving. And SentinelOne’s Behavioral AI delivers real-time prevention and ActiveEDR from edge to cloud through a cloud-native platform with no reliance on connectivity or updates.

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“Endpoint security is at a fascinating point of maturity, highlighting a massive market opportunity for SentinelOne’s technology and team,” added Insight Partners managing director Teddie Wardi. “Attack methods grow more advanced by the day and customers demand innovative, autonomous technology to stay one step ahead. We recognize SentinelOne’s strong leadership team and vision to be unique in the market, as evidenced through the company’s explosive growth and highly differentiated business model from its peer cybersecurity companies.”

Using SentinelOne Ranger, IoT devices are capable of discovery and enforcement and brings innovation to endpoint security and expands the definition of an enterprise security platform.

“SentinelOne’s innovative approach has created simplicity and scalability in our most demanding deployments. Regardless of environment or success metric, the SentinelOne platform is a consistent top performer. Presidio’s commitment to reducing customer risk means SentinelOne will continue to play a significant role in our security offerings,” explained Presidio SVP and GM Chris Barney.

With fully autonomous technology, SentinelOne is achieving high proof of concept win rates across next-gen and legacy AV vendors on a global scale.

“Optiv is committed to helping organizations build sustainable risk-centric foundations for implementing proactive and measurable cybersecurity programs,” noted Optiv VP of Partner Strategy and Research Todd Weber. “Leading technologies like SentinelOne’s autonomous endpoint platform are an important part of our unique approach, which is aligned to new business models and centered on client-focused outcomes. We are proud to partner with the SentinelOne team to deliver transformative cybersecurity solutions that enable clients to innovate, integrate, achieve measurable outcomes, and realize complete solutions and business alignment.”

With this round of funding, SentinelOne will be accelerating the company’s rapid displacement of legacy and next-gen competitors in connecting endpoint, cloud, and IoT protection through an autonomous AI platform deployed throughout the enterprise.

“We challenge legacy distribution models while redefining value and supporting our resellers in innovate ways,” commented Exclusive Networks’ VP of EMEA Julien Antoine. “Similarly, SentinelOne disrupts legacy, and even traditional next-gen models for protection; we believe that there is no technology or company that better fits with us in the global markets we serve. We congratulate SentinelOne on this milestone and look forward to continued hypergrowth.”

SentinelOne now has more than 2,500 customers and is considered the fastest growing endpoint security company on the market. And SentinelOne operates with efficient and low burn mechanics.