GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >>

 
  Share
Cybersecurity's Fastest Growing Platform Now Valued at Over $1 Billion 
 
Dubai, United Arab Emirates – February 20, 2020 – SentinelOne, the autonomous endpoint protection company, today announced it has raised $200 million in Series E funding led by global venture capital and private equity firm Insight Partners, with participation from Tiger Global Management, Qualcomm Ventures LLC, Vista Public Strategies of Vista Equity Partners, Third Point Ventures, and previous investors. The round elevates SentinelOne's valuation to $1.1 billion. The funding will enable SentinelOne to continue accommodating record breaking customer demand and accelerate growth as the world's next great cybersecurity platform. 
 
SentinelOne's explosive growth is a testament to the company's ability to execute, staying one step ahead of the ever-evolving threat landscape while shaping and disrupting multiple categories. SentinelOne is the first to expand from cloud-native endpoint protection to a full cybersecurity platform -- that protects and monitors every asset in the enterprise. Leveraging 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 unprecedented 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, 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.”
 
In 2019, SentinelOne was named the seventh fastest growing company in North America, the fastest growing in Silicon Valley, and was the only cybersecurity company recognized in the top 10 of the Deloitte Technology Fast 500™. SentinelOne was also the only endpoint protection company on the Forbes AI 50 list, recognizing the 50 most promising companies using AI as a core part of its business model and success.
 
SentinelOne serves 3 of the Fortune 10 and hundreds of Global 2,000 enterprises amongst its more than 3,500 customers. 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
● 150% YoY growth in transactions over $2MM
 
“Competition in the endpoint market has cleared with a select few exhibiting the necessary vision and technology to flourish in an increasingly volatile threat landscape,” said Teddie Wardi, Managing Director, Insight Partners. “As evidenced by our ongoing financial commitment to SentinelOne along with the resources of Insight Onsite, our business strategy and ScaleUp division, we are confident that SentinelOne has an enormous opportunity to be a market leader in the cybersecurity space.” 



Posted by : GoDubai Editorial Team
Viewed 4118 times
Posted on : Thursday, February 20, 2020  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : Etihad Engineering Records Robust Growth as It Welcomes 2020
Next Story : Triple Award: GROHE SmartControl Faucets are the New Darling in the Kitchen
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
DERMAdoctor: Peel the Difference & Boost Your Skin with DERMAdoctor's Vitamin C ...
Kristina Fidelskaya Press Release AW2020
Maybelline's Falsies Lash Lift Make Their Way to the GCC
Mattify Your Life With Foreo's UFO Activated Mask
Mark the Advent of the Blessed Month of Ramadan With the Islamic Calendar Watch ...
At Home Anywhere: Rachael Lynn's Guide to Feeling at Home Wherever Life Takes You
New 5G Nokia Smartphone Unveiled as Portfolio Expands – Ensuring a Nokia Phone i...
Marina Rinaldi Mother's Day Gift Edit
Ajman Sewerage Cuts Service Fees by Up to 100 Percent
Top 13 Features of the HONOR MagicWatch 2
Easa Saleh Al Gurg Group Pledges AED 10 Million to DHA to AID Covid-19 Preventio...
Zoho Offers Emergency Financial Relief to Its Small Business Customers
Slip into style at home with Steve Madden
HONOR Brings the Brand-New HONOR 9X PRO to Customers in the UAE
Realme Set to Launch Its Latest Range of Smartphones in UAE
Dubai Health Authority Partners With Twitter to Provide Health Information on CO...
A Perfect Blend of Technology and Style: INFINITI of Arabian Automobiles Offers ...
Hamdan Bin Mohammed Heritage Center Concludes a Record-Breaking Year for Herita...
What Parents Need to Know About the Coronavirus
Union Coop to Operate 24 Hours With All Goods Available
Sportmax Leather Trend SS 2020
Keeping the Community Safe and Informed on COVID-19
Marina Rinaldi by Roksanda SS 2020 Wearing Art
Max Mara Bridal 2020
Carrefour Statement – Opening Hours
MBRSC Commemorates Isra Wal Mi'raj with A Satellite Picture of Al Aqsa Mosque
Brighten Up With Marina Rinaldi
Horological Machine N°10 ‘Bulldog'
Jaguar Land Rover Confirms Temporary Suspension of Production at UK Manufacturin...
Deema Ajlani Ramadan Capsule Collection, 2020
Conference Call Chic – Taking Style Tips from The Duchess of Cambridge
BenQ Encourages Healthy and Engaging eLearning Environment at Home & Classrooms
Perfect Polka Dots
Twitter Expands Its Safety Rules in Relation to COVID-19
Etisalat Cloudtalk Meeting Now Allows Up to 50 Participants
NYUAD Researchers Develop New Tool for Performing Cancer Liquid Biopsy and Study...
Crate and Barrel's Spring 2020 Collection Invites Us to Live in an Artist's Studio
SCCI Provides Online Attestation Services for All Transactions
Al-Futtaim Provides up to Three Months' Rent Free Support for its Mall Tenants w...
du Increases Internet Speeds Up to 500mbps for Free to Meet All Customer Communi...
At Home in Karl Lagerfeld
Kitchen Appliances Designed With Cleanliness at the Forefront
Airbus Announces Measures to Bolster Liquidity and Balance Sheet in Response to ...
National Food Products Company Reassures Nation of Continued Food and Beverages ...
Ralph Lauren Collection Spring / Summer 2020
Dubai Chamber Activates Its Role as the Voice of the Business Community to Suppo...
The Department of Culture and Tourism – Abu Dhabi Closes All Cultural Sites in t...
Etihad Airways to Temporarily Suspend All Services to and From the UAE Following...
Medical Education, Healthcare & Research Activities of Thumbay Group Gears-up & ...
Sea Cruises, Desert Camps, Safaris and Floating Restaurant Activity Suspended wi...