SentinelOne raises $200M at a $1.1B valuation to expand its AI-based endpoint security platform
https://techcrunch.com/2020/02/19/sentinelone-raises-200m-at-a-1-1b-valuation-to-expand-its-ai-based-endpoint-security-platform/
As cybercrime continues to evolve and expand, a startup that is building a business focused on endpoint security has raised a big round of funding. SentinelOne — which provides a machine learning-based solution for monitoring and securing laptops, phones, containerised applications and the many other devices and services connected to a network — has picked up $200 million, a Series E round of funding that it says catapults its valuation to $1.1 billion.
The funding is notable not just for its size but for its velocity: it comes just eight months after SentinelOne announced a Series D of $120 million, which at the time valued the company around $500 million. In other words, the company has more than doubled its valuation in less than a year — a sign of the cybersecurity times.