US-based cybersecurity technology producer SentinelOne has secured $120m in a series D round that featured Samsung Venture Investment, a corporate venturing arm of consumer electronics manufacturer Samsung, TechCrunch reported today.
The round was led by venture capital firm Insight Partners and also included NextEquity, Third Point Ventures, Redpoint Ventures, Data Collective, Tiger Global Management, Granite Hill and Sound Ventures.
SentinelOne has created an autonomous, artificial intelligence-based platform to protect endpoint devices such as laptops, phones and cloud applications from cyber attacks in real time.
The funding will support business growth and the development and launch of additional products, including a tool that will automatically patch applications on endpoints without a user needing to manually install security updates.
SentinelOne has raised approximately $230m in funding to date. Redpoint Ventures led a $70m series C round in 2017 that included Sound Ventures, Third Point Ventures, Data Collective, Granite Hill, Westly Group and SineWave Ventures.
The company had previously received $25m in a 2015 series B round led by Third Point Ventures that was backed by Data Collective, SineWave Ventures, Tiger Global, Granite Hill and Westly Group. The latter three had joined Accel in SentinelOne’s $12m series A round the year before.
Data Collective, Granite Hill Capital Partners, Accel Partners and assorted angel investors had supplied $2.5m in seed funding for SentinelOne in 2013. It had already received $20,000 from UpWest Labs after participating in its accelerator.
