Cybersecurity startup SentinelOne reportedly seeks IPO at $10 billion valuation

Israeli cybersecurity startup SentinelOne is planning an initial public offering of shares this year at a possible valuation of $10 billion, Bloomberg reported over the weekend.

The report said the company has been interviewing bankers ahead of the public share offering, Bloomberg said, citing people familiar with the matter.

The Tel Aviv based firm, with offices in Mountain View, California, was founded in 2013 by Tomer Weingarten, its CEO, and Almog Cohen. The firm has raised some $697 million to date, from investors including US VC fund Sequoia Capital, New York-based hedge fund Tiger Global, Insight Partners, Samsung Venture Investment and Qualcomm Ventures, according to the database of Start-Up Nation Central, which tracks the industry.

Earlier this month, SentinelOne said it acquired US big data firm Scalyr, a cloud-based data analytics firm, for $155 million in equity and cash.

SentinelOne’s CEO Tomer Weingarten (YouTube Screenshot)

SentinelOne has developed artificial intelligence-based software to prevent, detect and respond to cybersecurity attacks, allowing organizations to detect malicious behavior at endpoints, data centers on the cloud. The former name of the company was Sentinel Labs.

In November, the firm said it raised $267 million in a series E funding, which gave the firm a valuation of more than $3 billion. In that statement the firm said that the company has benefited from 130% year on year revenue growth, serving Fortune 500 companies and four of the Fortune 10 firms.

I’m proud to work at The Times of Israel

I’ll tell you the truth: Life here in Israel isn’t always easy. But it’s full of beauty and meaning.

I’m proud to work at The Times of Israel alongside colleagues who pour their hearts into their work day in, day out, to capture the complexity of this extraordinary place.

I believe our reporting sets an important tone of honesty and decency that’s essential to understand what’s really happening in Israel. It takes a lot of time, commitment and hard work from our team to get this right.

Your support, through membership in The Times of Israel Community, enables us to continue our work. Would you join our Community today?

Thank you,

Sarah Tuttle Singer, New Media Editor

Join the Times of Israel Community

Join Our Community

Already a member? Sign in to stop seeing this

You’re serious. We appreciate that!

That’s why we come to work every day – to provide discerning readers like you with must-read coverage of Israel and the Jewish world.

So now we have a request. Unlike other news outlets, we haven’t put up a paywall. But as the journalism we do is costly, we invite readers for whom The Times of Israel has become important to help support our work by joining The Times of Israel Community.

For as little as $6 a month you can help support our quality journalism while enjoying The Times of Israel AD-FREE, as well as accessing exclusive content available only to Times of Israel Community members.

Join Our Community

Join Our Community

Already a member? Sign in to stop seeing this

Source link

What do you think?

Written by Aakash Malu


Leave a Reply

Your email address will not be published. Required fields are marked *





SoftBank says deal reached with WeWork founder Adam Neumann, directors

Mobileye Partners With French Firms To Roll Out Autonomous Shuttles By 2023