Cybersecurity Funding

SentinelOne Seeks to Raise Up to $928 Million in IPO

Endpoint security company SentinelOne on Monday set the terms of its initial public offering (IPO).

June 22, 2021

Endpoint security company SentinelOne on Monday set the terms of its initial public offering (IPO).

SentinelOne filed for an IPO in early June and in an amendment made to its S-1 registration statement on Monday the company revealed that it’s offering 32 million shares of its Class A common stock.

SentinelOne expects its IPO price to range between $26 and $29 per share, which means it hopes to raise up to $928 million. The company is aiming for a valuation that exceeds $7.3 billion.

It also announced that in addition to the shares sold in the public offering, some of the existing stockholders have agreed to purchase a number of shares with an aggregate price of roughly $50 million.

SentinelOne stock will be listed on the New York Stock Exchange under the symbol “S.”

Founded in 2013, SentinelOne has developed an extended detection and response (XDR) platform that provides endpoint protection, endpoint detection and response (EDR), IoT control, and cloud workload protection capabilities.

The firm achieved “unicorn” status in 2020, after raising $200 million in a Series E funding round. By the end of the year, its valuation exceeded $3 billion after raising another $267 million in a Series F round. SentonelOne has raised a total of nearly $700 million.

The company claims to have 4,700 customers and reported revenues of $46.5 million and $93.1 million for fiscal 2020 and 2021, respectively. As for losses, it reported a net loss of $76.6 million and $117.6 million for fiscal 2020 and fiscal 2021, respectively.

Written By Eduard Kovacs

Eduard Kovacs (@EduardKovacs) is a contributing 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.

Latest News

Click to comment

Mapping Threat Intelligence to the NIST Compliance Framework Part 2

How threat intelligence is critical when justifying budget for GRC personnel, and for threat intelligence, incident response, security operations and CISO buyers.

Landon Winkelvoss

Password Dependency: How to Break the Cycle

Hackers rarely hack in anymore. They log in using stolen, weak, default, or otherwise compromised credentials. That’s why it’s so critical to break the password dependency cycle. But how can this be done?

Torsten George

Why CISOs Make Great Board Members

Cybersecurity-related risk is a top concern, so boards need to know they have the proper oversight in place. Even as first-timers, successful CISOs make for successful board members.

Galina Antova

A Change in Mindset: From a Threat-based to Risk-based Approach to Security

A threat-based approach to security often focuses on a checklist to meet industry requirements but overlooked the key component of security: reducing risk.

Marie Hattar

Secrets to a Good Security Webinar or Conference Presentation

Tips for making a presentation that will help improve the state of security programs and reflect favorably on the presenters and their companies

Joshua Goldfarb

Application Security

Source Code Security Firm Cycode Launches With $4.6 Million in Funding

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

Eduard KovacsSeptember 24, 2019