SentinelOne, a US-based cybersecurity software platform developer backed by corporate investors Samsung and Qualcomm, received $267m today in a series F round led by hedge fund manager Tiger Global Management.
Sequoia Capital’s Global Equities fund also took part in the round along with existing backers including Third Point Ventures and Insight Partners. The cash was raised at a valuation exceeding $3bn.
Founded in 2013, SentinelOne has built an artificial intelligence-equipped cybersecurity platform that combines prevention with threat hunting, detection and response across endpoints, containers, cloud workloads and connected internet-of-things (IoT) devices.
The company has now raised almost $700m altogether, having secured $200m in series E funding from investors including mobile chipmaker Qualcomm’s corporate venturing vehicle, Qualcomm Ventures, in February this year at a $1.1bn post-money valuation.
Insight Partners led a $120m series D for SentinelOne in June 2019 featuring Samsung Ventures, a corporate venture capital subsidiary of consumer electronics producer Samsung, in addition to Tiger Global, Third Point, NextEquity, Redpoint Ventures, Data Collective, Granite Hill Capital Partners and Sound Ventures.
Insight Partners, Tiger Global, Third Point, Vista Public Strategies, Sound Ventures, Data Collective and Granite Hill were all existing investors. The company’s earlier backers include Westly Group, SineWave Ventures, Accel and UpWest Labs.
Tomer Weingarten, co-founder and chief executive of SentinelOne, said: “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 operationalise today’s enterprise data everywhere it resides.”
