SentinelOne

SentinelOne is a cybersecurity company that offers an autonomous AI-based platform for endpoint security. Its flagship product, the Singularity platform, integrates AI to detect, respond, and protect against threats across all enterprise environments, including cloud, IoT, and mobile. SentinelOne aims to differentiate itself by offering real-time, autonomous protection with minimal human intervention, leveraging machine learning for threat detection and response. The platform's capabilities extend to delivering endpoint protection, detection, and response (EDR), and IoT security, positioning SentinelOne as a comprehensive cybersecurity solution provider.
SentinelOne launched a new generative AI platform for threat detection in April 2023, designed to allow security teams to run threat detection and automated remediation operations using natural language instead of code based commands. 

In November 2023 the company launched a new, unified version of its Singularity platform, Singularity Unity, with upgraded cloud and endpoint security and data lake capabilities, as well as a GenAI cybersecurity assistant. Unity incorporated SentinelOne’s “PurpleAI” models to simplify investigations, governance, and compliance and improve metrics such as mean time to detect/resolve (MTTD/MTTR).

SentinelOne acquired cloud data-logging startup Scalyr in February 2021 for USD 155 million to bolster its own XDR capabilities and entered into an agreement to acquire the identity threat detection and response (ITDR) startup Attivo Networks for USD 616.5 million in March 2022, with plans to integrate Attivo Networks’ capabilities into its Singularity XDR solution to provide autonomous protection.

The company also acquired PingSafe, a cloud-native application protection platform (CNAPP) for an undisclosed sum in January 2024, integrating the former’s dynamic monitoring technology to enhance multi-cloud workload visibility.

Key customers and partnerships

SentinelOne caters to a wide range of industries, including finance, healthcare, education, and government, indicating its platform's versatility and scalability. Among its notable customers are Samsung, Aston Martin, Estée Lauder, and Autodesk.

SentinelOne’s partnerships range from integrations with cybersecurity providers to enhance its capabilities to integrations with cloud platform providers as well as partnerships to increase the reach of its product through alliances with service providers.

Recent partnerships include an alliance with cloud network security provider Wiz in March 2023 to provide end-to-end cloud security solutions by leveraging each company’s platform. The joint solution was claimed to detect and remediate cybersecurity threats faster than stand-alone platforms.

The company also partnered with Stellar Cyber in December 2023 to integrate the latter’s Open XDR platform with its own solution, offering customers a unified, automated threat detection and response platform. In the same month, it partnered with managed solutions provider SecureWorks to integrate its SecureWorks Tagis ManagedXDR with its own Singularity Complete solution.

SentinelOne has previously partnered with managed detection and response (MDR) providers such as Red Canary and Deepwatch, and other cybersecurity vendors such as Palo Alto, Fortinet, Zscaler and Cloudflare.

Funding and financials

In June 2021, SentinelOne commenced trading on the New York Stock Exchange (NYSE) under the ticker “S,” raising USD 1.2 billion in its initial public offering (IPO) at an implied valuation of USD 8.9 billion. The company expected to use the proceeds for working capital, product development, capital expenditure, and administrative matters. The company also aimed to use part of the funds to acquire and invest in complementary businesses and technologies.

SentinelOne launched “S Ventures”, a USD 100 million venture fund, to invest in enterprise cybersecurity startups, in September 2022. S Ventures invested in Armorblox, an API email security platform, and Noetic Cyber, a continuous cyber asset management and controls platform. These companies joined its portfolio companies which include Torq, a no-code security automation platform, and Laminar, a cloud-native data security startup.

In FY2023, the company reported a revenue of USD 422.2 million, representing a YoY growth of 106% and an adjusted gross margin of 72%. The company saw its annual recurring revenue (ARR) growing at 88% to close at USD 548.7 million and the number of customers grew around 50% YoY to exceed 10,000 in Q4 FY2023. Management guidance for revenue for FY2024 stands in the range of USD 631 million and USD 640 million.