Endpoint security firm SentinelOne on Wednesday announced that it has raised $200 million in a Series E funding round, at a valuation of more than $1.1 billion, which gives the company “unicorn” status.
The latest funding round, which brings the total raised by SentinelOne to $430 million, was 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.
The money will be used to accelerate growth and continue expanding the company’s product offerings.
SentinelOne provides a platform that includes endpoint protection, endpoint detection and response, IoT control, and container and cloud-native workload protection capabilities.
SentinelOne says it has over 3,500 customers, including three of the Fortune 10 companies and hundreds of Global 2000 enterprises. The firm claims to have recorded a year-over-year revenue growth of 104%, and 150% growth in transactions over $2 million.
“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.
“Continually evolving our technology to defend against every type of attack and delivering value to customers well beyond the traditional endpoint is what positions SentinelOne as the fastest growing and most promising cybersecurity platform,” Weingarten added.
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