SentinelOne raises $267 million in series F funding led by Tiger Global Management

SentinelOne today announced it has raised $267 million in Series F funding led by Tiger Global Management, with participation from Sequoia Capital Global Equities and existing investors including Insight Partners and Third Point Ventures.

The significantly oversubscribed round will allow SentinelOne to continue accelerating hypergrowth driven by demand for its Singularity XDR Platform, a solution for complete enterprise protection. Since SentinelOne’s Series E funding in February 2020, the company’s valuation has tripled, exceeding $3 billion.

“We have set the standard for AI-powered cybersecurity for the new normal,” said Tomer Weingarten, CEO and Co-founder, SentinelOne. “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 operationalize today’s enterprise data everywhere it resides.”

SentinelOne is the first to expand from cloud-native endpoint protection to a full XDR cybersecurity platform. Leveraging patented behavioural AI models, SentinelOne seamlessly unifies endpoint protection (EPP), endpoint detection and response (EDR), IoT control, and container and cloud-native workload protection (CWPP).

SentinelOne was the only cybersecurity company named to the 2020 CNBC Disruptor 50 list. The company has enjoyed 130% YoY revenue growth in Fortune 500 accounts and serves 4 of the Fortune 10. Additional growth points highlighting SentinelOne’s business traction and platform adoption include:

• 125% enterprise net retention rate
• 77% of customers subscribe to multiple SentinelOne platform modules
• 74% overall LTM deal win-rate; 72% CrowdStrike LTM deal win-rate

“After leading SentinelOne’s Series A financing over six years ago, Tiger Global is excited to further deepen our partnership with Tomer and SentinelOne’s world-class team by leading this round as the company prepares for its next chapter,” said John Curtius, Partner, Tiger Global. “It is a unique point in time in the company’s journey and the future looks bright.”