Cybersecurity firm SentinelOne recordsdata S-1 for IPO

SentinelOne co-founder and CEO Tomer Weingarten. SentinelOne Cybersecurity firm SentinelOne filed its IPO prospectus with the Securities and Alternate Fee on Thursday, and plans to listing on the New York Inventory Alternate below the ticker image S. Within the three months ending April 30, income grew 108% yr over yr to $37.4 million, whereas internet losses greater


SentinelOne co-founder and CEO Tomer Weingarten.

SentinelOne

Cybersecurity firm SentinelOne filed its IPO prospectus with the Securities and Alternate Fee on Thursday, and plans to listing on the New York Inventory Alternate below the ticker image S.

Within the three months ending April 30, income grew 108% yr over yr to $37.4 million, whereas internet losses greater than doubled from $26.6 million to $62.6 million, in line with the submitting.

SentinelOne raised $276 million in a spherical final November led by Tiger World, a part of a near-$500 million haul from buyers in 2020 that tripled its valuation from the start of the yr to the top, from $1 billion as much as $3 billion.

SentinelOne opponents have been among the many massive IPO winners lately, with CrowdStrike — which CEO Tomer Weingarten has known as its “foremost competitor” — now valued at over $46 billion. However extra of its opponents are additionally now speaking concerning the risk posed by SentinelOne. Up to now few months, CrowdStrike and Qualys for the primary time referred to as out SentinelOne as a competitor of their annual experiences. And after the coronavirus pandemic arrived, Palo Alto Networks CEO Nikesh Arora started speaking about SentinelOne in conversations with analysts — he referenced the corporate thrice on a current earnings name.

Most just lately, the corporate’s autonomous endpoint safety stopped SUNBURST — the malware that tricked programs into importing it as an replace to the SolarWinds’ Orion software program, which is utilized by 1000’s of organizations. AT&T, JetBlue and McKesson had been among the many SentinelOne prospects protected within the SolarWinds hack.

The prospectus says SentinelOne intends to listing Class A typical inventory, although the variety of shares and worth vary for the proposed providing have but to be decided. It additionally identifies Morgan Stanley, Goldman SachsFinancial institution of America Securities, Barclays and Wells Fargo Securities because the lead underwriters.

The corporate ranked No. 4 on this yr’s CNBC Disruptor 50 listing.

SIGN UP for our weekly, authentic publication that goes past the listing, providing a more in-depth have a look at CNBC Disruptor 50 firms, and the founders who proceed to innovate throughout each sector of the economic system.



Supply hyperlink

The Fund Times
ADMINISTRATOR
PROFILE

Posts Carousel

Leave a Comment

Your email address will not be published. Required fields are marked with *

Latest Posts

Top Authors

Most Commented

Featured Videos