Mountain View-based cybersecurity company SentinelOne announced Wednesday that it raised $267 million in an oversubscribed Series F led by Tiger Global Management.
The company has witnessed rapid growth this year. Following its Series E eight months ago, it was valued at $500 million. The unicorn’s latest valuation exceeds $3 billion, according to the company.
“The past eight months have been an inflection point in our business across the globe,” Nicholas Warner, COO of SentinelOne, said in a statement. “The demand for flexible technology that can stand alone — without requiring services and staff — will only continue to increase as the threat landscape evolves.”
The company will use the additional capital to support product research and development as it continues to scale.
SentinelOne’s Singularity XDR platform unifies historically separate security functions into a single agent and platform architecture. For example, the platform manages traditional IT operations like firewall and device control in addition to standard security operations like incident response and vulnerability management.
Singularity aims to attack security problems at every level of an enterprise by leveraging behavioral AI models that unify endpoint protection and response, IoT control and container and cloud native workload protection on one platform. The combined approach provides organizations with a full view of everything happening across a network in real time.
“We have set the standard for AI-powered cybersecurity for the new normal,” Tomer Weingarten, co-founder and CEO of SentinelOne, said in a statement. “Cloud, container, and IoT technologies are empowering today’s distributed workforce.”
SentinelOne’s machine learning-based cloud security solution can be used to monitor and secure personal electronics like laptops and phones as well as applications and other devices and services that are connected with an enterprise network.
“Our platform solution delivered via the cloud is purpose-built to secure and operationalize today’s enterprise data everywhere it resides,” Weingarten continued.
SentinelOne has raised $429.5 million in VC funding to date, according to Crunchbase.
