SentinelOne, a cybersecurity unicorn, filed for an initial public offering (IPO) on the New York Stock Exchange (NYSE) on Thursday to raise up to USD 100 million.

The company expects to use the proceeds for working capital, product development, capital expenditure, and administrative matters. The company also aims to use part of the funds to acquire and invest in complementary businesses and technologies. SentinelOne expects to be listed under the ticker “S” on the NYSE.

The filing comes a little over six months after the company’s Series F funding round in November 2020, which raised USD 267 million led by Tiger Global Management, valuing the company at USD 3.1 billion. As of April 2021, the company had raised USD 696.5 million.

The prospectus also reveals significant revenue growth for the company. For the financial year ended January 2021, it recorded a 96% year-over-year increase in annual recurring revenue. As of April 2021, the company had more than 4,700 customers, compared to 2,700 as of April 2020.

Founded in 2013, SentinelOne offers a range of endpoint protection solutions for enterprises. The company provides the AI-based platform “Singularity,” which is a unified offering for endpoint security, including a next-generation antivirus (NGAV), an extended detection and response (XDR) platform, and other tools to monitor endpoint behavior from laptops, mobiles, and internet-of-things (IoT) devices to identify threats.