SentinelOne raises $70M, aims 400% growth in 2017

Endpoint security company, SentinelOne, has announced that it has raised an additional $70 million in a Series C investment round, bringing its total raised investment to $110 million till date. The company that claims to deliver real time protection powered by machine learning and dynamic behavioral analysis, states that it will use the funds to aggressively expand its sales and marketing, drive more than 400% global sales growth in 2017 and invest in research and development initiatives for its next-gen endpoint protection platform. The investment round was led by Redpoint Ventures and saw participation from existing investors such as Sound Ventures, Third Point Ventures, Data Collective, Granite Hill Capital Partners, Westly Group, and SineWave Ventures. Tom Dyal, Partner at Redpoint Ventures, will join the company’s Board of Directors and feels that this is a $10 billion global market opportunity that is ripe for disruption as enterprise customers are migrating away from legacy antivirus solutions. “Confidence remains dismally low when it comes to traditional antivirus’ ability to stop anything but the most mundane threats. Even vendors that are now touting machine learning-based file-scanning, and artificial intelligence capabilities are in fact pursuing a very narrow approach, and only an incremental improvement—if any—to a much broader problem,” said Tomer Weingarten, Co-Founder and CEO, SentinelOne. “The time is now to migrate away from these ineffective technologies that remain focused on only a subset of threats and replace with a next-generation endpoint protection platform that’s been tested and proven to stop even the most advanced cyber threats.”
“With this new investment, we will expand our efforts to bring these advanced technologies to enterprises, services providers and government organizations across the globe who are eager for change,” added Weingarten.
The company plans to continue international expansion with increased investment in global sales infrastructure and deepening its executive bench. Gareth Green, ex-GM of Aerohive Networks, will join SentinelOne as VP, International Sales in February.

Abhinav Mohapatra

An author who has a keen interest for the ‘off-beat’ <!--more-->An author who has a keen interest for the ‘off-beat’, he has covered and explored multiple facets of the marketing, advertising

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