Total amount raised
$696.5 Million
Latest funding date
6/1/2021
Location
SentinelOne has successfully raised funding over 9 rounds, with the latest being a Post-IPO Equity round. The company is backed by 20 investors, including notable names like Sequoia Capital and Tiger Global Management.
SentinelOne's fundraising journey has also seen the company making 10 investments and acquiring 6 organizations, with the most recent acquisition being Observo AI. Keep reading to explore the intricacies of SentinelOne's fundraising journey and the investors backing this innovative cybersecurity platform.
What Is SentinelOne?
SentinelOne, based in Mountain View, California, is a prominent player in the cybersecurity industry. The company specializes in AI-powered cybersecurity solutions, offering advanced protection for endpoints, cloud environments, and identities.
With a workforce of 1001-5000 employees, SentinelOne leverages artificial intelligence and machine learning to provide real-time threat detection and response. The company is publicly traded under the ticker NYSE:S and has raised significant funding through multiple rounds.
How Much Funding Has SentinelOne Raised?
- Seed Round
- Amount Raised: USD 20,000
- Date: March 2013
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of their AI-based cybersecurity solutions.
- Seed Round
- Amount Raised: USD 2,500,000
- Date: August 2013
- Lead Investors: Granite Hill Capital Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop and refine their cybersecurity platform.
- Series A
- Amount Raised: USD 12,000,000
- Date: April 2014
- Lead Investors: Tiger Global Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and expand market reach.
- Series B
- Amount Raised: USD 25,000,000
- Date: October 2015
- Lead Investors: Third Point Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance product offerings and increase market penetration.
- Series C
- Amount Raised: USD 70,000,000
- Date: January 2017
- Lead Investors: Redpoint
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and expand into new markets.
- Series D
- Amount Raised: USD 120,000,000
- Date: June 2019
- Lead Investors: Insight Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To battle competitors and enhance their market position.
- Series E
- Amount Raised: USD 200,000,000
- Date: February 2020
- Lead Investors: Insight Partners
- Valuation at Round: USD 1.1 billion
- Motivation Behind the Round: To support ongoing growth and market expansion.
- Series F
- Amount Raised: USD 267,000,000
- Date: November 2020
- Lead Investors: Tiger Global Management
- Valuation at Round: Over USD 3 billion
- Motivation Behind the Round: To take advantage of growth opportunities and expand product offerings.
- Post-IPO Equity
- Amount Raised: Not publicly disclosed
- Date: June 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue expanding and enhancing their cybersecurity solutions.
Total Amount Raised: USD 696,520,000. Current Valuation: Over USD 3 billion.
Key Investors
- Sequoia Capital
- Details: Sequoia Capital is a prominent venture capital firm known for investing in early and growth-stage companies. They have a strong track record of backing successful startups that have become industry leaders.
- Investment Focus Areas: Technology, healthcare, consumer, financial services.
- Notable Investments: Google, Apple, WhatsApp.
- Tiger Global Management
- Details: Tiger Global Management is an investment firm that focuses on public and private companies in the global Internet, software, consumer, and financial technology industries. They are known for their aggressive investment strategy and significant stakes in high-growth companies.
- Investment Focus Areas: Internet, software, consumer, financial technology.
- Notable Investments: Facebook, LinkedIn, Spotify.
- Insight Partners
- Details: Insight Partners is a global private equity and venture capital firm that invests in high-growth technology and software companies. They provide both capital and operational support to help companies scale.
- Investment Focus Areas: Software, internet, data services.
- Notable Investments: Twitter, Shopify, DocuSign.
- Third Point Ventures
- Details: Third Point Ventures is the venture capital arm of Third Point LLC, focusing on investments in technology, healthcare, and financial services. They leverage their extensive network and resources to support portfolio companies.
- Investment Focus Areas: Technology, healthcare, financial services.
- Notable Investments: Upstart, Avant.
- Qualcomm Ventures
- Details: Qualcomm Ventures is the investment arm of Qualcomm Incorporated, focusing on early to late-stage investments in technology companies. They aim to accelerate innovation in the mobile and connected device ecosystem.
- Investment Focus Areas: Mobile, AI, IoT, automotive, enterprise.
- Notable Investments: Zoom, Ring, Waze.
What's Next for SentinelOne?
SentinelOne stands at the cusp of significant opportunities, driven by the surging demand for comprehensive cybersecurity solutions. The company plans to leverage its recent funding to expand its Singularity XDR Platform, which offers endpoint protection, IoT control, and cloud-native workload protection. With the endpoint security market projected to grow substantially, SentinelOne is well-positioned to capitalize on this trend.
Future fundraising opportunities are promising, with a potential IPO on the horizon. The company’s rapid valuation increase and strong investor interest suggest that additional capital could be raised to fuel further growth and acquisitions. However, SentinelOne will need to navigate challenges such as intense competition and the need for continuous innovation to stay ahead of evolving cyber threats.
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