Insight Partners Leads $200M Investment In Israeli Cybersecurity Firm SentinelOne

Israeli endpoint security firm SentinelOne announced Wednesday that it raised $200 million in a funding round led by NY-based equity firm Insight Partners at a company valuation of more than $1 billion, according to Israeli financial daily Globes.

Silicon Valley-based firm UpWest Labs, Samsung Ventures, US venture capital firm Accel, and Redpoint Venture also participated in the round.

Insight Partners previously led a $120 million Series D round in the company in June 2019, which was SentinelOne’s second financing round within nine months. The firm recently made a move for a major purchase in Israel, confirming last month that was set to acquire Israeli IoT security firm Armis at a company valuation of $1.2 billion.

SentinelOne was founded in 2013 by CEO Tomer Weingarten and Almog Cohen. The company developed a platform based on artificial intelligence to secure endpoints including laptops, PCS, servers, cloud servers, and IoT devices. Its system analyzes big data in real-time to identify anomalies and provide a response to attacks.

SentinelOne has now raised $430 million to date and employs 500 people. The company has offices in Mountain View, California and a development center in Israel.