SentinelOne raises $267 mn in Series F at a valuation of more than $3bn

By Pavithra R

 SentinelOne, delivering autonomous cybersecurity for the endpoint, data center and cloud environments to help organizations secure their assets has announced that the company has raised $267 million in Series F funding, exceeding $3 billion valuation, led by Tiger Global Management, with participation from Sequoia Capital Global Equities and existing investors including Insight Partners and Third Point Ventures.

The firm is planning to use significantly oversubscribed funding to continue accelerating hypergrowth driven by demand for its Singularity XDR Platform, a leading solution for complete enterprise protection.

“We have set the standard for AI-powered cybersecurity for the new normal. Cloud, container, and IoT technologies are empowering today’s distributed workforce. A cohesive view of the entire enterprise network and a real-time autonomous security layer across all connected assets is required to protect people, businesses and their data, wherever they are. Our platform solution delivered via the cloud is purpose-built to secure and operationalize today’s enterprise data everywhere it resides,” said Tomer Weingarten, CEO and Co-founder, SentinelOne. 

SentinelOne has expanded from cloud-native endpoint protection to a full XDR cybersecurity platform that protects and monitors every asset in the enterprise. The company leverages patented behavioral AI models to seamlessly unify endpoint protection (EPP), endpoint detection and response (EDR), IoT control, and container and cloud-native workload protection (CWPP).

The company has enjoyed:

• 130% YoY revenue growth,
• 125% enterprise net retention rate,
• 77% of customers subscribe to multiple SentinelOne platform modules,
• 74% overall LTM deal win-rate; 72% CrowdStrike LTM deal win-rate

“The past eight months have been an inflection point in our business across the globe. The demand for flexible technology that can stand alone — without requiring services and staff — will only continue to increase as the threat landscape evolves. Our ease of deployment and autonomous remediation has made us the go-to solution to replace other next-gen products at scale,” said Nicholas Warner, COO, SentinelOne.

Founded in 2013, SentinelOne unifies prevention, detection, response, remediation and forensics in a single platform powered by artificial intelligence.