SentinelOne Announces Successful Series F Funding Round
SentinelOne today announced a successful Series F funding round, raising $267 million. Tiger Global Management led the Series F funding round, with contributions from Sequoia Capital Global Equities and existing investors such as Insight Partners and Third Point Ventures.
SentinelOne positions itself as an AI-powered prevention, detection, response, and hunting solution provider. It can provide its capabilities across endpoints, containers, cloud workloads, and IoT devices in a single autonomous XDR platform. SentinelOne recently migrated from a cloud-native endpoint protection to a full XDR (extended detection and response) cybersecurity platform.
SentinelOne conducted a Series E funding round in February 2020. With SentinelOne completing this Series F funding round, the company’s valuation tripled to an excess of $3 billion. With the influx of funding, the provider plans to facilitate the growth generated by its Singularity XDR Platform. Cybersecurity experts observing the funding round may wonder whether more solutions providers shift to XDR solutions as the technology catches attention from business IT decision-makers
Tomer Weingarten, CEO and Co-Founder of SentinelOne, gave a statement with the announcement. “Cloud, container, and IoT technologies are empowering today’s distributed workforce. A cohesive view of the entire enterprise network and a real-time autonomous security layer across all connected assets is required to protect people, businesses, and their data, wherever they are. Our platform solution delivered via the cloud is purpose-built to secure and operationalize today’s enterprise data everywhere it resides.”
Learn more about SentinelOne here.