SentinelOne hits $1bn valuation with latest funding round

Israeli cybersecurity vendor adds to $120m round from last year

Endpoint security vendor SentinelOne reached unicorn status after raising $200m in Series E funding.

Insight Partners, which holds $20bn in assets, is a repeat investor for the Israeli cybersecurity vendor, having led its Series D funding round of $120m in June 2019.

SentinelOne now claims to be valued at an estimated $1.1bn.

CEO Tomer Weingarten said the round will build momentum for the company to "accelerate growth as the world's next great cybersecurity platform".

"The cybersecurity demands of today's enterprises have evolved, and we've taken endpoint protection far beyond what it once was," he said.

"Instead of solely protecting laptops, desktops, and servers with EPP and EDR capabilities, we protect the entire network edge with flexible, autonomous technology -- from containerised workloads in the cloud and datacentre to IoT devices."

Founded in 2013, the Silicon Valley firm develops AI technology to identify and isolate abnormal behaviour in enterprise networks.

"Leveraging AI to process enormous amounts of data in real time allows our customers to stay secure from all vectors of attack," Weingarten said.

SentinelOne's funding success comes days after fellow Californian start-up Snowflake raised $479m in its Series G funding round.