We are excited to share today’s news from UpWest Labs portfolio company SentinelOne as they announce an additional $25M in financing, which will be used to further disrupt the multi-billion dollar anti-virus (AV) market. You can read the full announcement here.
SentinelOne is transforming endpoint security to protect organizations against advanced, nation state and unknown threats. The company uses Dynamic Execution Inspection to detect and protect devices against targeted, zero day threats in real time.
“Attacks have moved beyond malware and can now compromise endpoint devices using a variety of techniques and methods,” said Tomer Weingarten, CEO of SentinelOne. “We’ve built a platform from the ground up that can detect and protect against malicious activity on a machine regardless of the vector, or source of entry, being used. This new round of financing will allow us scale quickly and capture a lion’s share of the very large market for endpoint protection.”
The Series B round brings the company’s total funding to nearly $40M. Third Point Ventures (The Venture arm of Third Point LLC) lead the round with participation from existing investors Tiger Global, Data Collective, Granite Hill Capital Partners, Westly Group and new investor SineWave Ventures.
SentinelOne will use the funds to expand its sales, marketing, research & development and customer support operations in Mountain View, Tel Aviv, New York, Paris and Singapore. The company will also establish new centers in Boston and London, and plans to double its number of employees in the next six months to more than 100.