Israel’s endpoint security company SentinelOne announced Wednesday they had raised $120 million in a Series D funding round.
The round was led by New York-based VC firm Insight Partners, with participation from Samsung Venture Investment Corporation, NextEquity and previous investors including Third Point Ventures, Redpoint Ventures, Granite Hill and Data Collective (DCVC).
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The round brings the company’s total funding to more than $230 million.
The company wants to use the funding to connect endpoint, cloud, and IoT protection through its autonomous AI platform deployed throughout the enterprise, a statement said. They also plan to accelerate go-to-market efforts to meet overwhelming demand and deliver product enhancements.
Founded in 2013, SentinelOne delivers autonomous endpoint protection through a single agent that prevents, detects, responds, and hunts attacks across all vectors. Designed to be easy to use, the platform saves customers time by applying AI to automatically eliminate threats in real time for on premise and cloud environments. It is the only solution to provide full visibility from edge to cloud across the network, the company says.
As enterprises continue replacing legacy antivirus at scale, their expectations have evolved. SentinelOne’s patented Behavioral AI delivers real-time prevention and ActiveEDR from edge to cloud – through a cloud-native platform with no reliance on connectivity or updates. With SentinelOne Ranger, IoT devices are capable of discovery and enforcement, bringing unprecedented innovation to endpoint security and expanding the definition of an enterprise security platform. Delivering unrivaled efficacy and nuanced EDR capabilities through fully autonomous technology, SentinelOne is achieving extremely high proof of concept win rates across all next-gen and legacy AV vendors on a global scale. SentinelOne will use the new funding to accelerate go-to-market efforts to meet overwhelming global demand and deliver product enhancements to continuously evolve enterprise security.
“We’ve built a team and technology to disrupt and broaden the endpoint space: as the network perimeter is drastically changing, so does the notion of the endpoint,” said Tomer Weingarten, CEO and co-founder of SentinelOne. “Endpoints are everywhere today, from classic laptops and desktops, to workloads in the cloud and the data center, and all IoT devices – the network edge is the real perimeter. We were the first to unify EPP and EDR – prevention, detection, response, and hunting – in a single autonomous agent. We were the first to stand behind our product with a cyber warranty. Now we are the first to take AI-based device protection to the edge, covering IoT endpoints and workloads in the cloud. We have delivered unrivaled product innovation through a sustainable growth model that’s unique to others in the space, positioning us as a leader into the future.”
With 2,500 customers, SentinelOne calls itself the “fastest growing endpoint security company on the market.”