Endpoint protection firm SentinelOne announced that it raised US$200 million in Series E funding led by private equity firm Insight Partners along with the participation from Tiger Global Management, Qualcomm Ventures LLC, Vista Public Strategies of Vista Equity Partners, Third Point Ventures, and existing investors. The California-based company stated the new investment will be used to accelerate the company’s next-gen endpoint, cloud, and IoT protection platforms through its autonomous AI mechanism.
Founded in 2013, SentinelOne provides autonomous endpoint protection services to organizations to help them prevent, detect, respond, and hunt attacks across all major vectors. The company claims that its security platform is designed to save customers time by applying AI to automatically eliminate threats in real-time for both on-premise and cloud environments.
Speaking on the new funding, Tomer Weingarten, CEO and Co-founder of SentinelOne, said, “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. 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.”
Last month, SentinelOne partnered with CRITICALSTART, a provider of managed detection and response (MDR) services, to jointly develop next-generation endpoint, cloud, and IoT protection security solutions. CRITICALSTART helps enterprises protect their data systems while reducing their security risks. The company offers a set of security solutions from the delivery of managed security services to security-readiness assessments like the defendable network, professional services, and product fulfillment.
In 2019, SentinelOne secured US$120 million investment in its Series D funding round which was also led by Insight Partners. The other investors that participated in the funding round included Samsung Venture Investment Corporation, NextEquity, Third Point Ventures, Redpoint Ventures, Granite Hill, and Data Collective (DCVC).