SentinelOne raises $200m VC money to extend its AI-based endpoint security offering

Seems like Wall St likes its message of “The Cybersecurity demands of today’s enterprises have evolved, and we’ve taken endpoint protection far beyond what it once was”

Posted 24 February 2020 by Gary Flood

Mountain View, California-headquartered SentinelOne, which describes itself as an autonomous endpoint protection company”, last week announced it has raised a further $200 million in venture capital funding.

The funding will enable the company to “continue accommodating record breaking customer demand” and for it to accelerate growth to become “the world’s next great Cybersecurity platform”. 

With this Series E round, led by global venture capital and private equity firm Insight Partners but also with participation from Tiger Global Management, Qualcomm Ventures LLC, Vista Public Strategies of Vista Equity Partners, Third Point Ventures, and previous investors, the company’s valuation has now hit over a billion dollars, it adds.

“The Cybersecurity demands of today’s enterprises have evolved, and we’ve taken endpoint protection far beyond what it once was,” claimed the firm’s CEO and C-founder, Tomer Weingarten.

“Instead of solely protecting laptops, desktops, and servers with EPP and EDR capabilities, we protect the entire network edge with flexible, autonomous technology — from containerised 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.”

This may be more than hype, as the company points out in its official announcement of the cash injection that SentinelOne serves three of the Fortune 10 and hundreds of Global 2,000 enterprises amongst its current 3,500 customers. 

It was also named the seventh fastest growing company in North America, the fastest growing in Silicon Valley, and was the only Cybersecurity company recognised in the top 10 of the Deloitte Technology Fast 500. It seems it was also the only endpoint protection company on the Forbes AI 50 list, recognising “the 50 most promising companies using AI as a core part of its business model and success”.

In terms of product, the company markets what it styles as a “full endpoint protection to a full Cybersecurity platform” that protects and monitors every asset in the enterprise.

Leveraging patented behavioural and static AI models, SentinelOne seamlessly unifies endpoint protection (EPP), endpoint detection and response (EDR) with its ActiveEDR, IoT control with SentinelOne Ranger, and container and cloud-native workload protection into its so-say Singularity Platform for an unprecedented level of autonomous protection.