SentinelOne raises $120 million in Series D funding to automate enterprise endpoint security
California-based endpoint security software provider SentinelOne has raised $120 million (£94m) in a recently conducted Series D round led by Insight Partners.
Samsung Venture Investment Corporation, Third Point Ventures, Redpoint Ventures, NextEquity, Data Collective, and other firms also participated in the funding round.
SentinelOne offers security services to companies across all entry points of their network, which ranges from an employee’s laptop to company server. Apart from providing protection services against malware and script-based attacks, its AI engine identify threats via behavioural analysis instead of depending on signatures for known malware. This AI engine is embedded at every endpoint and operates without the cloud.
SentinelOne CEO and cofounder Tomer Weingarten, said: “Endpoints are everywhere today, from classic laptops and desktops, to workloads in the cloud and the data centre, and all IoT devices — the network edge is the real perimeter. We were the first to unify EPP & EDR — prevention, detection, response, and hunting — in a single autonomous agent. We were the first to stand behind our product with a cyber-warranty. Now we are the first to take AI-based device protection to the edge, covering IoT endpoints and workloads in the cloud.”
Last month, Israeli startup TriEye also raised £13 million in Series A funding round led by Intel Capital. TriEye is the developer of the Short-Wave-Infra-Red (SWIR) sensing technology, which allows visibility in adverse weather and night-time conditions. The company’s innovative HD SWIR camera, which is designed to save lives on roads, is expected to enter the market by 2020.
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