Connect with us

Hi, what are you looking for?

SecurityWeekSecurityWeek

Cybersecurity Funding

SentinelOne Raises $267 Million at Valuation Exceeding $3 Billion

Enterprise cybersecurity solutions provider SentinelOne on Wednesday announced raising $267 million in an oversubscribed Series F funding round that brings the total raised by the company to $696.5 million.

Enterprise cybersecurity solutions provider SentinelOne on Wednesday announced raising $267 million in an oversubscribed Series F funding round that brings the total raised by the company to $696.5 million.

The company achieved “unicorn” status — its value exceeded $1 billion — earlier this year when it raised $200 million in a Series E round. After the latest funding, SentinelOne has been valued at more than $3 billion.SentinelOne

The latest round was led by Tiger Global Management, with participation from Sequoia Capital Global Equities, Insight Partners and Third Point Ventures. SentinelOne says it will use the money to continue accelerating growth driven by demand for its autonomous extended detection and response (XDR) platform.

SentinelOne’s platform has evolved from an endpoint protection solution to what the company describes as a “full XDR cybersecurity platform” that includes endpoint protection, endpoint detection and response (EDR), IoT control, and protection for container and cloud workloads.

The company claims its revenue has increased by 130% year-over-year in Fortune 500 accounts, with its list of customers including four of the Fortune 10 firms.

“The past eight months have been an inflection point in our business across the globe,” said Nicholas Warner, COO of SentinelOne. “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.”

Related: SaaS Security Platform Provider ReliaQuest Raises $300 Million

Related: Enterprise Device Security Company Eclypsium Raises $13 Million

Related: Developer Security Firm Snyk Raises $200 Million at $2.6 Billion Valuation

Advertisement. Scroll to continue reading.

Related: Cloud Security Company Accurics Raises $20 Million

Written By

Eduard Kovacs (@EduardKovacs) is a managing editor at SecurityWeek. He worked as a high school IT teacher for two years before starting a career in journalism as Softpedia’s security news reporter. Eduard holds a bachelor’s degree in industrial informatics and a master’s degree in computer techniques applied in electrical engineering.

Click to comment

Trending

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest threats, trends, and technology, along with insightful columns from industry experts.

Understand how to go beyond effectively communicating new security strategies and recommendations.

Register

Join us for an in depth exploration of the critical nature of software and vendor supply chain security issues with a focus on understanding how attacks against identity infrastructure come with major cascading effects.

Register

Expert Insights

Related Content

Application Security

Cycode, a startup that provides solutions for protecting software source code, emerged from stealth mode on Tuesday with $4.6 million in seed funding.

Cybersecurity Funding

SecurityWeek investigates how political/economic conditions will affect venture capital funding for cybersecurity firms during 2023.

CISO Strategy

SecurityWeek spoke with more than 300 cybersecurity experts to see what is bubbling beneath the surface, and examine how those evolving threats will present...

CISO Conversations

Joanna Burkey, CISO at HP, and Kevin Cross, CISO at Dell, discuss how the role of a CISO is different for a multinational corporation...

IoT Security

A group of seven security researchers have discovered numerous vulnerabilities in vehicles from 16 car makers, including bugs that allowed them to control car...

CISO Conversations

In this issue of CISO Conversations we talk to two CISOs about solving the CISO/CIO conflict by combining the roles under one person.

CISO Strategy

Security professionals understand the need for resilience in their company’s security posture, but often fail to build their own psychological resilience to stress.