Accel is an early and growth-stage venture capital firm that powers a global community of entrepreneurs. Accel backs entrepreneurs who have what it takes to build a business.  Accel’s vision for entrepreneurship and business enables it to identify and invest in the companies that will be responsible for the growth of next-generation industries. Accel-backed companies include Atlassian, Braintree, Cloudera, DJI, Dropbox, Dropcam, Etsy, Facebook, Flipkart, Lookout Security, MoPub, Qualtrics, Slack, Spotify, Supercell, Vox Media, and others.

Accel

Warburg Pincus LLC is a leading global private equity firm focused on growth investing. The firm has more than $60 billion in private equity assets under management. The firm’s active portfolio of more than 200 companies is highly diversified by stage, sector, and geography. Warburg Pincus is an experienced partner to management teams seeking to build durable companies with sustainable value. Founded in 1966, Warburg Pincus has raised 19 private equity funds, which have invested more than $90 billion in over 930 companies in more than 40 countries.  The firm is headquartered in New York with offices in Amsterdam, Beijing, Berlin, Hong Kong, Houston, London, Luxembourg, Mumbai, Mauritius, San Francisco, São Paulo, Shanghai, and Singapore. For more information please visit www.warburgpincus.com.

Warburg Pincus

CapitalG, Alphabet's independent growth fund, invests in remarkable companies transforming the fields of consumer products and services, enterprise tech, cybersecurity, fintech, cryptocurrency, and transportation tech. CapitalG partners with growth-stage companies in their transition from startup to scale-up through hands-on assistance from its in-house growth team and connections to Google's engineering, product, marketing, sales, and people operations experts worldwide. More than 2,500 Googlers and Alphabet leaders have already engaged with CapitalG portfolio companies, including Airbnb, Collibra, CrowdStrike, Curated, DCG, Duolingo, Freshworks, Gusto, ID.me, Lyft, Robinhood, Stripe, UiPath, Whatnot, among others.

CapitalG

Rackspace provides hybrid cloud-based services that enable businesses to run their workload in a public or private cloud. Rackspace’s engineers deliver specialized expertise on top of leading technologies developed by OpenStack, Microsoft, VMware, and others through a service known as Fanatical Support. It has more than 300,000 customers worldwide including two-thirds of FORTUNE 100 companies. Rackspace was named a leader in the 2015 Gartner Magic Quadrant for Cloud-Enabled Managed Hosting and has been honored as one of Fortune’s Best Companies to Work For. Rackspace was founded in 1998 and is based in San Antonio, Texas.

Rackspace

March Capital is a venture growth firm headquartered in Santa Monica, California and investing globally since 2014. March identifies entrepreneurs with a provocative vision to companies poised, then dares to go all in by leading rounds with deep conviction and concentration risk. With $1B+ in capital over 4 funds and across 30 market technology companies, March accelerates the digital transformation of Cloud-based software, automation, AI, and IT infrastructure. Its vision is to create a technology investment platform by combining intense sector focus, patience, access to a network (including founding The Montgomery Summit), and portfolio engagement to inspire and accelerate extraordinary companies.

March Capital

Telstra Ventures is a corporate venture capital arm of Telstra. It invests in technology companies and offers synergy revenues to its portfolio companies and financial returns to its limited partners. The firm's mission is to invest in market-leading, high-growth companies that are strategically aligned with Telstra. They target companies with great products or services, particularly in mobile, cloud, and media; lighthouse people; headquarters in the USA, Australia, or Asia; and typically have $1M to $50M in revenue. Telstra Ventures plans to complete approximately 4-6 new investments plus follow-on investments per year. Telstra is a ~$65B market capitalization communications services company, headquartered in Australia, with significant operations in Asia, the US, and Europe.

Telstra Ventures

Cloud Apps Capital Partners is a market-focused venture capital firm helping early stage companies in the cloud business applications sector.    We know firsthand what it takes to build category-leading business application companies. We also recognize entrepreneurs need much more than capital which is why we differentiate and pride ourselves on the guidance and support we give entrepreneurs to help accelerate and maximize their business potential during the critical early stage.  Our firm is leading change in the venture market for early-stage companies with our market-focused Classic Series A approach which provides early stage investments of $2 to $10 million and full board support.  This “classic” approach benefits entrepreneurs by giving them the right financial backing along with operational guidance from a seasoned, skilled and engaged investment firm. We are the leading investor in early stage cloud business applications companies. Cloud Apps Capital Partners has more direct operating, commercial and venture experience building great cloud business app companies than any other early stage VC firm. This translates into exceptional market and business insights, guidance grounded in expertise for our entrepreneurs, plus access to a world class network of cloud business application executives.

Cloud Apps Capital Partners

We believe entrepreneurs need more than just capital to grow their businesses-- they need better access to market resources to test their innovations, a network of domain experts with proven strategies to reduce risks, and efficient go-to-market strategies. Our partnership provides a faster and more effective way for young enterprise IT companies to bring their products to market, bridging the gap between common technical challenges experiences by IT leaders, and the companies who are developing next generation solutions.

InstantScale Ventures

The Syndicate Group was created to help startups scale faster by organizing exclusive investment access for their channel partners.

The Syndicate Group

General Atlantic is a private equity firm that provides capital and strategic support for growth companies. General Atlantic combines a collaborative approach, sector-specific expertise, a long-term investment horizon, and a deep understanding of growth drivers to partner with great entrepreneurs and management teams to build market businesses.

General Atlantic

IVP turns breakout companies into enduring market leaders. With a 40-year record of driving growth and 130+ IPOs, we’ve partnered with over 400 companies including Amplitude, Brex, Coinbase, Crowdstrike, Datadog, Discord, Klarna, Slack, Snap, and Twitter. As trusted allies, IVP helps founders and CEOs meet the challenge of leading a rapidly growing company. Its proven system bolsters functions including those that are sometimes overlooked and partners serve as trusted allies to companies seeking to realize their full potential.

CrowdStrike

New data privacy regulations have opened up space for a new wave of compliance-focused startups.

Digital Privacy Tools

<div>
 
 Vanta graduated from Y Combinator in 2018 and was largely bootstrapped since its founding in 2016. Vanta provides compliance tools that help companies to automatically comply with cybersecurity and privacy standards to protect data. The company currently supports six compliance standards including the GDPR and CCPA. Vanta helps enterprises and SMBs earn security certifications and continuously monitors their systems to ensure compliance. Vanta Trust Reports demonstrates an organization&rsquo;s security posture by displaying the real-time status about tests and controls and helps them share their real-time security status with prospects and customers. The platform integrates with automated security tools including cloud services, cybersecurity software, and other applications to automatically evaluate and determine whether each application is configured in accordance with security requirements.
 
 
 Vanta automates the collection of evidence to document the actions taken to prove compliance. Vanta&rsquo;s set of controls for GDPR and CCPA are always updated to reflect new regulations and requirements. Vanta provides continuous security monitoring to alert and address failing tests, non-compliant employees, and other risks in real time. Vanta&rsquo;s policy builder tool creates and implements controls tailored to the organization while complying with privacy regulations. The company also provides ongoing access to a network of in-house experts.
 
 
 Key customers and partnerships
 
 
 As of October 2022, Vanta served more than 4,000 organizations including Quora, Modern Treasury, and Autodesk.
 
 
 Funding and financials
 
 
 In October 2022, the company 
 <a href="https://sp-edge.com/updates/13739">
 raised USD 40 million
 </a>
 in an extension to its Series B funding round from CrowdStrike. The funds were utilized to expand product R&amp;D, customer acquisition, and go-to-market efforts.
 
 
 Vanta 
 <a href="https://sp-edge.com/updates/13158">
 secured an undisclosed investment 
 </a>
 from CrowdStrike Falcon Fund, in September 2022. In addition to this, Vanta and CrowdStrike partnered to automate compliance for SMBs and enterprises.
 
 
 In 2021, Vanta recorded more than USD 10 million in annual recurring revenue (ARR). Vanta reported not being profitable as of June 2022, but it has been profitable occasionally in the past. The company was focussing on sustainable growth over profitability. Vanta had an employee headcount of more than 350, as of October 2022.
 
</div>

AI-based solutions for evolving digital threats

Next-gen Cybersecurity

<div>
 
 Dig Security claims to provide the first cloud data detection and response (DDR) software-as-a-service app. The platform creates a threat model of all data assets in the public cloud based on a database of hundreds of real-life attacks. The platform leverages cloud data attack models to help organizations discover shadow data assets and monitor, detect, and respond to threats on data assets in public cloud environments (Microsoft Azure and AWS) in real time through a single unified policy engine. The platform provides context on each data asset including data classification by type and level of sensitivity, access auditing, data flows, and privilege analysis. It shows how data assets moves through an organization, how it is being used, and by whom in order to classify and prioritize risks, track whether each data source complies with standards such as SOC2 or HIPAA, and alert organizations on suspicious or anomalous activity in order to prevent data exfiltration and employee data misuse.
 
 
 Key customers and partnerships
 
 
 Dig Security counts several paying customers including financial services, business software, technology, and Fortune 500 companies across the US, Europe, and Israel.
 
 
 Funding and financials
 
 
 In September 2022, the company 
 <a href="https://sp-edge.com/updates/13100">
 raised USD 34 million 
 </a>
 in a Series A funding round led by SignalFire, bringing the total funding raised to USD 45 million. The funds were utilized to enhance its platform capabilities, expand its security research and customer support team headcount, and accelerate its go-to-market efforts.
 
 
 As of May 2022, Dig Security had an employee headcount of 30 and it has plans to 
 <a href="https://sp-edge.com/updates/10622">
 expand this to 50
 </a>
 including in the US by the end of 2022.
 
</div>

Data Infrastructure & Analytics

<div>
 
 Cribl specializes in solutions to help its customers filter out applicable data through observability pipelines. The company's products are Cribl Stream, which allows the user to get the right data to the needed destination at the required time; Crib Edge provides flexibility and control of the stream for administrators; Cribl.Cloud is an environment that allows the applications to be used anywhere; and AppScope enables programmers to view the required telemetry. These solutions are suitable for the financial services, healthcare, manufacturing and logistics, and retail industries and can be integrated into Amazon, Google, Microsoft, and Splunk products among many others.
 
 
 
</div>

Vanta restores trust in internet businesses by giving startups an easy-to-use set of tools to improve and prove their security. Thousands of fast-growing companies rely on Vanta to automate their security monitoring and prepare for SOC 2, ISO 27001, or HIPAA compliance certifications in weeks instead of months. Vanta was founded in 2017 and headquartered in San Francisco.

Dig Security is a cloud data security startup that provides real-time visibility, control, and protection of data assets. Monitoring and detecting data exfiltration and policy violations has become a challenging problem with few, fragmented solutions as enterprises transition to complex settings with dozens of different database types across clouds. To help businesses better manage cloud data sprawl, Dig's cloud-native and entirely agentless methodology reinvents cloud DLP with DDR (Data Detection & Response) capabilities.

DoControl gives organizations the automated, self-service tools they need for SaaS applications data access monitoring, orchestration, and remediation. They take a customer-focused approach to the challenge of labor-intensive security risk management and data exfiltration prevention in popular SaaS applications.  By replacing manual work with automation, DoControl reduces the overload of work and complexity that Security/IT teams have to deal with every day. DoControl involves all employees as part of the security equation to drive business enablement and encourage a collaborative and frictionless security culture.

Cribl makes open observability a reality for today’s tech professionals. The Cribl product suite defies data gravity with radical levels of choice and control. Wherever the data comes from, wherever it needs to go, Cribl delivers the freedom and flexibility to make choices, not compromises. It’s enterprise software that doesn’t suck, enables tech professionals to do what they need to do, and gives them the ability to say “Yes.” With Cribl, companies have the power to control their data, get more out of existing investments, and shape the observability future. Founded in 2018, Cribl is a remote-first company with an office in San Francisco, CA. For more information, visit www.cribl.io or our LinkedIn, Twitter, or Slack community.

Automox is the AI-powered IT automation platform for modern organizations. It makes it easy to keep Windows, macOS, and Linux endpoints patched, configured, controlled, and secured – without servers or VPNs. Using AI-powered automation, IT professionals can fix critical vulnerabilities faster, slash cost and complexity, and win back hours in their days. Join thousands of companies transforming IT operations into a strategic business driver with Automox.

Automax is a car dealership that specializes in Ford, Hyundai, VW, and Mitsubishi cars in Central Texas.

CrowdStrike is a global cybersecurity leader, and has redefined modern security with one of the world’s advanced cloud-native platforms for protecting critical areas of enterprise risk – endpoints and cloud workloads, identity, and data.  Powered by the CrowdStrike Security Cloud and world-class AI, the CrowdStrike Falcon® platform leverages real-time indicators of attack, threat intelligence, evolving adversary tradecraft, and enriched telemetry from across the enterprise to deliver hyper-accurate detections, automated protection and remediation, elite threat hunting, and prioritized observability of vulnerabilities.  Purpose-built in the cloud with a single lightweight-agent architecture, the Falcon platform delivers rapid and scalable deployment, superior protection and performance, reduced complexity, and immediate time-to-value.

<div>CrowdStrike offers a collection of next-generation cybersecurity products for endpoint security, cloud security, managed services, and threat analysis and response, along with professional services and consulting.</div>

<div>
 
 CrowdStrike offers a collection of next-generation cybersecurity products for endpoint security, cloud security, managed services, and threat analysis and response, along with professional services and consulting.
 
 
 CrowdStrike&rsquo;s endpoint security solutions include a cloud-delivered, next-generation antivirus (NGAV) that uses machine learning, artificial intelligence, and behavioral analytics to detect threats in company endpoints, replacing traditional signature-based solutions. In addition, CrowdStrike&rsquo;s endpoint offering also includes endpoint detection and response (EDR) for comprehensive monitoring, along with features to centrally control external device use. CrowdStrike&rsquo;s protection is delivered to the endpoint through a lightweight agent, which the company claims to be easily deployable and takes up only a minor share of the endpoint&rsquo;s processing power. The agent has the ability to identify malicious behavior even when the endpoint is offline. The company&rsquo;s cloud security offering includes tools for enterprises to detect threats and identify vulnerabilities during development and runtime of cloud-native applications. In addition, CrowdStrike also offers managed services, including technologies and human resources for companies to detect threats and respond to security incidents.
 
 
 In April 2023, 
 <a href="https://sp-edge.com/updates/17659">
 the company announced &ldquo;Falcon Insight for IoT&rdquo;
 </a>
 , an EDR and extended detection response (XDR) solution for extended internet of things (XIoT) assets, expanding the protection capabilities of Crowdstrike Falcon to operational technology.&nbsp;
 
 
 CrowdStrike launched a 
 <a href="https://sp-edge.com/updates/18980">
 generative AI assistant, &ldquo;Charlotte AI&rdquo;
 </a>
 , for its Falcon platform in late May 2023. The AI allows security teams to ask natural language questions on cybersecurity status, threats, and vulnerabilities, and surfaces actionable insights from Crowdstrike Falcon.
 
 
 CrowdStrike has undertaken various acquisitions to strengthen its product offerings. The company acquired the cloud data logging company Humio for USD 400 million in February 2021 to bring in the capabilities required to offer an extended detection and response (XDR) platform. The company acquired the data security startup 
 <a href="https://sp-edge.com/updates/6341">
 SecureCircle
 </a>
 in November 2021 to extend zero trust security to data on endpoints by integrating SecureCircle&rsquo;s technology into its Core Falcon platform. This will provide users with data usage policy enforcement and data access management based on their zero trust score and ensure that clients can detect and respond to threats at the device, user identity, and data layer. CrowdStrike acquired the Israel-based external attack surface management (EASM) startup 
 <a href="https://sp-edge.com/updates/13200">
 Reposify
 </a>
 in September 2022. Reposify scans the internet infrastructure of an organization to detect and eliminate any risks arising from exposed assets that are centralized or remote across on-premise, cloud, etc. Reposify leverages its proprietary algorithm and a large database of internet-facing assets to provide organizations with a comprehensive view of their external attack surface with a click of a button. Other acquisitions include the identity protection company Preempt Security for USD 96 million in September 2020, and malware analysis company Payload Security for an undisclosed amount in 2017.
 
 
 Key customers and partnerships
 
 
 CrowdStrike expanded its footprint in Australia in July 2021 by partnering with local cybersecurity company Solista to assist Australian organizations in developing a toolset and framework in assessing their zero trust readiness, while detecting and remediating internal and external threats. 
 
 
 CrowdStrike 
 <a href="https://sp-edge.com/updates/9177">
 partnered
 </a>
 with the cloud network security platform, 
 <a href="https://sp-edge.com/companies/1102212">
 Adaptive Shield
 </a>
 in March 2022, to launch the latter&rsquo;s zero-trust SaaS security posture management solution in CrowdStrike Store and enable security teams to identify and remediate risks stemming from misconfigurations and misappropriated privileges through device posture visibility and continuous risk assessment across the SaaS stack. 
 
 
 In April 2022, CrowdStrike 
 <a href="https://sp-edge.com/updates/9660">
 partnered
 </a>
 with Mandiant to help joint customers with breach investigation and response and defense. As part of the partnership, CrowdStrike's cloud-based Falcon threat intelligence platform was integrated with Mandiant&rsquo;s incident response (IR) and proactive cybersecurity consulting services. 
 
 
 In September 2022, CrowdStrike 
 <a href="https://sp-edge.com/updates/13203">
 partnered
 </a>
 with the pure-play cyber insurance startup 
 <a href="https://sp-edge.com/companies/604136">
 Coalition
 </a>
 , to protect 160,000 cyber insurance policyholders of Coalition against cyber attacks and help them comply with key contingencies required for a cyber insurance policy. CrowdStrike provided the policyholders with a 15-day free trial to its CrowdStrike Falcon platform alongside the option to purchase a discounted Falcon bundle. During the same period, CrowdStrike 
 <a href="https://sp-edge.com/updates/13160">
 partnered
 </a>
 with the API security startup, 
 <a href="https://sp-edge.com/companies/376753">
 Salt Security
 </a>
 , to integrate the latter&rsquo;s API discovery with its Falcon runtime protection on applications to provide a comprehensive view of an organization&rsquo;s attack surface and accelerate threat detection and response. The company also invested an undisclosed amount in Salt Security&rsquo;s Series D funding round. 
 
 
 In March 2023, CrowdStrike 
 <a href="https://sp-edge.com/updates/16868">
 formed a strategic alliance
 </a>
 with technology infrastructure and services provider Dell Technologies. Through the alliance, the companies planned on providing combined cyber defense solutions for organizations of all sizes to protect endpoints, cloud workloads, identity, and data. 
 
 
 Crowdstrike partnered with Google in April 2023 
 <a href="https://sp-edge.com/updates/17705">
 to combat phishing campaigns
 </a>
 , leveraging its AI analytics to detect malicious links and submit them to Google&rsquo;s Risk API, allowing the firm to display browser warnings.&nbsp;
 
 
 As of October 2021, CrowdStrike had 14,687 subscribers, comprising both public and private sector organizations. Key clients include companies such as Sony, Telstra, Rackspace, Sega, and ADP.
 
 
 Funding and financials
 
 
 The company went public through an initial public offering in June 2019, raising USD 610 million at a valuation of USD 6.7 billion. In a subsequent fundraise in January 2021, the company raised USD 750 million through eight-year unsecured notes. CrowdStrike also launched a USD 100 million investment vehicle&mdash;Falcon Fund II in partnership with the venture capital firm Accel in January 2022, which is 5x larger than its initial investment fund Falcon Fund, and serves as a catalyst to expand CrowdStrike&rsquo;s technology partnerships with companies that will gain access to CrowdStrike Store and can benefit from CrowdStrike&rsquo;s expertise and knowledge base.
 
 
 CrowdStrike&rsquo;s total revenue for FY2023 amounted to USD 2.24 billion and adjusted operating profit was USD 355.6 million, both up 54% and 81.2% YoY, respectively. Management guidance for revenue for FY2024 stands in the range of USD 2,955.1 million and USD 3,014.8 million, which implies an YoY growth of 31.9% to 34.6%, respectively.
 
</div>

<div>
 
 Cato Networks provides cloud security products such as Cloud Access Security Brokers (CASBs), Secure Web Gateways (SWGs), and cloud-based firewalls to enterprises through its SASE (Secure Access Service Edge) architecture, claiming to be the first in the world to provide the service. Cato Network’s SASE offering is provided through a network distributed across over 65 locations globally as of October 2021.
 
 
 
 
 Cato Networks was founded by Shlomo Kramer, who also co-founded the incumbent cybersecurity company Check Point Software. In 2020, the company reported over 240% year-over-year (YoY) growth in the number of bookings, making FY2020 its fourth consecutive year to exceed 200% growth. During the year, the company signed multiple Fortune 500 companies, and as of October 2021, it served more than 900 enterprises across 9,000 locations, translating to 200,000 remote workers using Cato’s SASE offering daily. As of November 2020, the company employed 270 staff with plans to reach 400 by the end of 2021. 
 
 
 
 
 Cato Networks’ last funding round was in November 2020, raising USD 130 million in Series E funding led by Lightspeed Venture Partners at a valuation in excess of USD 1 billion. The company expects to use the funding for product development with plans to invest in engineering, growing its team, and expanding marketing efforts.
 
 
 
</div>

Cato Networks

<div>
 
 Netskope provides cloud security solutions for enterprises that include cloud-delivered secure web gateways (SWGs), cloud access security brokers (CASB), and other solutions to manage access to cloud workloads. These solutions help companies monitor the use of cloud applications and identify suspicious behavior. Netskope&rsquo;s tools attempt to replace legacy solutions such as VPNs. The company introduced a unified solution in 2019 called &ldquo;NewEdge,&rdquo; combining its security technology offerings and providing them under secure access service edge (SASE) architecture. The rollout followed the acquisition of New Edge Labs in 2019 for an undisclosed amount, in line with its strategy of acquiring smaller startups to fuel expansion. Netskope also acquired Sift Security in 2018, which provides a machine learning-based tool to detect and respond to threats to cloud Infrastructure-as-a-Service (IaaS) applications such as Amazon Web Services (AWS) and Microsoft Azure. Netskope joined the cohort of Solista&rsquo;s Zero Trust Alliance in July 2021, to assist Australian organizations in developing a toolset and framework in assessing their zero trust readiness while detecting and remediating internal and external threats.
 
 
 NewEdge is delivered using data centers in 40 regions worldwide including North America, Europe, Latin America, Middle East, and Asia Pacific, enabling a low-latency cloud security offering. As of March 2021, the company had invested in excess of USD 100 million to build the NewEdge infrastructure. The company claimed that its tools protected more than 10% of Microsoft Office 365&rsquo;s commercial users as of the same date.
 
 
 Netskope&rsquo;s product offerings were backed by more than 100 global patents as of January 2023, and the company served more than 2,400 customers globally including more than 25 of the Fortune 100 companies. Furthermore the company has a total employee headcount of more than 2,500 in more than 40 countries.
 
 
 In April 2023 Netskope announced 
 <a href="https://sp-edge.com/updates/17658">
 the addition of a new software-defined wide area network
 </a>
 (SD-WAN) service to its platform, designed to provide enterprises with the ability to ensure secure access to their infrastructure from endpoint devices in any location. Netskope planned to offer the new SD-WAN alongside its existing SSE product to provide a unified SASE client, which it claimed was an industry first.
 
 
 In June 2023, 
 <a href="https://sp-edge.com/updates/19604">
 Netskope updated its secure service edge (SSE) platform
 </a>
 to help address data leakage risks of generative AI applications like ChatGPT. The updated platform allows organizations to track usage of generative AI applications, manage access controls, and automatically prevents leakage of sensitive information.
 
 
 Key customers and partnerships
 
 
 In July 2021, Netskope partnered with cybersecurity company, Chillisoft, to accelerate sales for cloud-based SASE protection to 1,250 resellers and integrators, including more than 100 managed service providers (MSPs) across New Zealand and the Pacific Islands.
 
 
 Netskope 
 <a href="https://sp-edge.com/updates/10845">
 acquired the IoT security startup
 </a>
 WootCloud in June 2022 integrating WootCloud&rsquo;s HyperContext Security platform with its Intelligent Security Service Edge (SSE) platform to expand its SSE and Zero Trust capabilities. This was followed by the 
 <a href="https://sp-edge.com/updates/12036">
 acquisition of cloud networking vendor
 </a>
 Infiot in August 2022 to deliver an integrated single-vendor SASE platform to its customers by leveraging Infiot&rsquo;s technologies to offer a uniform security and quality of experience (QoE) policies to the Netskope Borderless WAN.
 
 
 Netskope 
 <a href="https://sp-edge.com/updates/15413">
 partnered 
 </a>
 with Stellar Cyber, a open extended detection and response (Open XDR) startup in December 2022, to provide a joint solution that incorporates rich user-centric data to improve control and visibility of risks and threats across incident investigations conducted by Security Operation Center (SOC) analysts.
 
 
 Funding and financials
 
 
 In January 2023, the company 
 <a href="https://sp-edge.com/updates/15521">
 raised USD 401 million in convertible notes
 </a>
 led by Morgan Stanley Tactical Value. The funds were utilized to accelerate platform development and expand its go-to-market strategy.
 
</div>

Netskope

<div>
 
 SentinelOne offers a range of endpoint protection solutions for enterprises. The company provides the artificial intelligence (AI)-based platform &ldquo;Singularity,&rdquo; which is a unified offering for endpoint security, including a next-generation antivirus (NGAV), endpoint detection and response tools (EDR), extended detection and response (XDR), and other tools to monitor endpoint behavior from laptops, phones, and internet-of-things (IoT) devices to identify threats. Singularity ActiveEDR incorporates Storyline Active Response (STAR) to provide automated threat detection and response and also enables end-users to write custom MITRE-compatible detection rules. SentinelOne&rsquo;s endpoint protection offering also extends to cloud endpoints and workloads, offering AI and behavior-based protection for virtual machines (VMs) and containers in the cloud. Singularity also provides features to centrally control cybersecurity policies and automate tasks for response and remediation. In addition to endpoint security, SentinelOne offers managed detection and response services, which support organizations with technology and human resources for threat hunting, response, and incident investigation.
 
 
 In April 2023, 
 <a href="https://sp-edge.com/updates/17965">
 SentinelOne launched a generative AI platform
 </a>
 for threat detection, allowing security teams to run threat detection and automated remediation operations using natural language instead of code based commands.
 
 
 SentinelOne acquired cloud data-logging startup Scalyr in February 2021 for USD 155 million to bolster its own XDR capabilities. SentinelOne also entered into an agreement to acquire the identity threat detection and response (ITDR) startup 
 <a href="https://sp-edge.com/updates/9176">
 Attivo Networks 
 </a>
 for USD 616.5 million in March 2022, and expects to integrate Attivo Networks&rsquo; capabilities into its Singularity XDR solution to provide autonomous protection. This includes ITDR, identity infrastructure assessment, and identity cyber deception capabilities to protect endpoint, cloud workloads, IoT devices, mobile, and data against identity compromise, lateral movement attacks, credential theft, data cloaking, and more. This acquisition will also add to SentinelOne&rsquo;s gross margin and expand its total addressable market (TAM) by USD 4 billion in the critical identity security category.
 
 
 Key customers and partnerships
 
 
 SentinelOne partnered with cloud services and cybersecurity distributor Exclusive Networks in July 2021 to launch its platform for Australian and New Zealand MSP and MSSPs. During the same period, the company inked a partnership with ConnectWise to offer its standalone endpoint detection and response (EDR) solutions to its global partner base of technology solution providers (TSPs).
 
 
 SentinelOne has partnered with managed detection and response (MDR) 
 <a href="https://sp-edge.com/updates/4878">
 providers 
 </a>
 such as 
 <a href="https://sp-edge.com/companies/228245">
 Red Canary 
 </a>
 , deepwatch, and 
 <a href="https://sp-edge.com/companies/505475">
 BlueVoyant 
 </a>
 to 
 <a href="https://sp-edge.com/sectors/work/updates/6173">
 integrate 
 </a>
 its solution with the latter&rsquo;s MDR offerings. In addition, SentinelOne has also partnered with 
 <a href="https://sp-edge.com/companies/75116">
 Zscaler 
 </a>
 , a cloud network security 
 <a href="https://sp-edge.com/sectors/work/updates/5182">
 company 
 </a>
 , and Cloudflare, a web infrastructure and website security 
 <a href="https://sp-edge.com/updates/5182">
 company 
 </a>
 , to push its own offerings through Zscaler and SentinelOne&rsquo;s services. It also 
 <a href="https://sp-edge.com/updates/12082">
 partnered
 </a>
 with the observable data management company, Cribl in August 2022 to leverage the latter&rsquo;s observability product suite to streamline cybersecurity triage, optimize data collection, and provide security teams control of their data. During the same month, the company 
 <a href="https://sp-edge.com/updates/12235">
 partnered
 </a>
 with the IoT security startup, Armis to jointly provide three unified solutions that protect organizations across endpoints, cloud, mobile, IoT, OT devices, and more. In December 2021, Sentinel 
 <a href="https://sp-edge.com/updates/7149">
 partnered 
 </a>
 with Attivo Networks, to integrate its Singularity XDR with Attivo Networks&rsquo; Endpoint Detection Net (EDN) suite for a combined solution that prevents attackers from compromising endpoints, and to detect lateral movements to provide Active Directory protection, credential theft detection, and removal of exposed credentials. The company 
 <a href="https://sp-edge.com/updates/12331">
 partnered
 </a>
 with the cybersecurity and compliance company, Proofpoint to integrate SentinelOne Singularity XDR and Proofpoint Targeted Attack Protection (TAP) solutions and provide organizations with threat intelligence, detection, and response across emails, endpoints, cloud, and identity management. In 
 <a href="https://sp-edge.com/updates/16912">
 March 2023
 </a>
 , SentinelOne partnered with cloud network security provider Wiz to provide end-to-end cloud security solutions by leveraging each company&rsquo;s platform. With their combined capabilities, the joint solution was claimed to detect and remediate cybersecurity threats faster than stand-alone platforms.
 
 
 
 
 Funding and financials
 
 
 The company&rsquo;s last private funding round was in November 2020, where it raised USD 267 million in a Series F funding round led by Tiger Global Management, and the company expects to use the funding to support the growth of its Singularity platform.
 
 
 In June 2021, SentinelOne 
 <a href="https://sp-edge.com/updates/3850">
 commenced 
 </a>
 trading in New York Stock Exchange (NYSE) under the ticker &ldquo;S,&rdquo; 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 
 <a href="https://sp-edge.com/updates/13278">
 launched 
 </a>
 &ldquo;S Ventures&rdquo;, 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 
 <a href="https://sp-edge.com/companies/1695999">
 Laminar 
 </a>
 , a cloud-native data security startup.
 
 
 In 
 <a href="https://sp-edge.com/updates/17067">
 FY2023
 </a>
 , 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.
 
</div>

SentinelOne

<div>
 
 Lacework is a cloud security company offering solutions for enterprises to protect their cloud and container workloads at scale. These include tools that employ automation and machine learning in order to enable developers to build cloud applications securely, along with tools to monitor multi-cloud environments, detect misconfigurations and threats, and identify behavioral anomalies during runtime. As of November 2021, Lacework recorded more than 3x YoY growth in revenue and a 3.5x YoY increase in the customer base, which includes the likes of LogicMonitor, Hypergiant, and Sprinklr. Lacework employed over 1,000 staff as of March 2022, five times its headcount in January 2021. The company was however forced to lay off 20% of its headcount in May 2022 in a bid to improve its liquidity position amid uncertain economic conditions.
 
 
 Lacework announced its first-ever acquisition&mdash;the cloud-native security startup Soluble, in November 2021. Soluble provides automated testing and policy management to detect and remediate cloud misconfigurations and policy violations at the source code. Lacework will integrate Soluble&rsquo;s technology into its automated cloud security platform to expand into IaC remediation capabilities, which will enable Lacework to enhance existing workflows and protect software development lifecycles&mdash;at build, runtime, and the source code level. The company also launched new developer-focused features in its platform&mdash;vulnerability scanner, admission controller, risk-based scoring, extended Berkeley Packet Filter (eBPF) support&mdash;to detect and remediate container vulnerabilities in the development process.
 
 
 Key customers and partnerships
 
 
 Lacework partnered with Google Cloud in February 2022, to launch its new patented Polygraph Data Platform in Google Cloud Marketplace to strengthen multi-cloud capabilities for joint customers, including a commitment to partner on integrations with Google Cloud Security Command Center (SCC) and jointly develop features in the future. The Lacework Polygraph Data Platform delivers automated visibility and threat detection across multi-cloud environments from build time through runtime without requiring manual oversight from security teams. Following this, Lacework also announced an undisclosed investment from Google Ventures (GV).
 
 
 Lacework partnered with Amazon Web Services (AWS) in June 2023 to incorporate its composite alerts into Amazon&rsquo;s GuardDuty threat detection service, providing AWS users with enhanced threat alerts and context for investigation.
 
 
 Funding and financials
 
 
 In November 2021, the company raised USD 1.3 billion in Series D funding at a valuation of USD 8.3 billion, co-led by Sutter Hill Ventures, Altimeter Capital, D1 Capital Partners, and Tiger Global Management. The company will utilize the funds to fuel product development; pursue strategic acquisitions; accelerate go-to-market efforts; hire additional staff; and expand its global presence. Along with the funding round, the company also announced plans to go public via an IPO or a direct listing in the future.
 
</div>

Lacework

Solutions in this industry hub are offered under a B2B SaaS model

Uses AI/ML and behavioral analysis to proactively detect threats and/or automate response

Protects IoT and connected devices from cyberattacks

Blockchain used to deploy platforms and store and verify data for tamper-proof security

Uses generative AI that allow automated cybersecurity workflows and manages security operations using natural language

Companies which provide solutions for enterprises to secure their cloud-native applications and workloads, across the entire development lifecycle.

Companies that provide next-generation solutions for enterprises to protect endpoint devices such as computers, mobile devices, servers, and other connected enterprise devices.

Companies that provide solutions to protect industrial internet of things (IIoT) and operational technology (OT) devices.

Companies that provide AI-based tools to monitor an organization’s entire infrastructure to identify threats, provide tools for incident investigations, and help automate remediation tasks.

Companies that support businesses with AI-based cybersecurity platforms and human resources for 24/7 threat monitoring and response.

CrowdStrike

EDGE Insights

Cybersecurity (Q3 2023): Funding rebounds, as big-ticket M&As make comeback

Cybersecurity (1H 2023): Regulations and GenAI advancements keep sector busy amidst investment dip

Disrupting the ransomware threat

Recent Updates

CrowdStrike announces enhanced Falcon Go for SMB cybersecurity

CrowdStrike acquires Bionic for unified cloud security

CrowdStrike launches cybersecurity marketplace

Crowdstrike launches Falcon Complete for service providers

Crowdstrike to acquire Bionic.AI for USD 200 million–300 million

CrowdStrike’s Q1 FY2024 results beat analyst estimates

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