Make no mistake, this is a competitive market. This goes along with a dramatic influx in how traditional crime syndicates are monetizing, as more syndicates involved in physical crime shift their business models into cybercrime. Is it driven by higher R&D costs, in the West Coast or in Israel or is pretty much all the above? It's an enormous opportunity out in front of us. Prior to that, Mr. Weingarten co-founded Carambola Media Ltd., a publisher focused platform that creates new ad revenue streams through engaging content formats, where he served as Chief Technology Officer from May 2011 to May 2012. Opinions expressed by Forbes Contributors are their own. Cyber defense should be even more holistic. Very helpful. [PDF] [7d5kicaru8k0]. Mr. Conder brings over 25 years of experience scaling high-growth, public companies in the technology sector. They tend to be similar, standardized and open source. And I would now like to pass the call back over to Tomer Weingarten, CEO of SentinelOne. "Given the technological superiority we have on our platform today, some of the biggest cloud consumers out there have been adopting our workload protection platform," Weingarten tells Information Security Media Group. That's something we'll advance, once we get it completely tied into the SentinelOne back end. AI cybersecurity provider SentinelOne files for $100M IPO, SentinelOne, an AI-based endpoint security firm, confirms $267M raise on a $3.1B valuation, SentinelOne raises $200M at a $1.1B valuation to expand its AI-based endpoint security platform. The Last 12 Months Of Insider Transactions At SentinelOne The firm recently bought the startup Scalyr to beef up its ability to crunch customer data. Thank you. After seeing the immediate value of our technology, we see extremely high adoption rate at post-breach as post-breach enterprise is standardized on SentinelOne as a modern approach to cybersecurity. I think we're definitely seeing an elevation of the brand. I mean, we feel it's going to hover around these rates for kind of the foreseeable future, and we like their contribution. So our thesis was that we can create a piece of security technology thats incredibly autonomous, works by itself, makes decisions without human intervention, and does it at scale. But even when it was back at Sentinel Ones level, it was growing faster, with revenue growth of 140 percent compared to the previous year. This is truly a testament to the hard work of the entire team at SentinelOne. We feel that what were doing with data, machine learning and artificial intelligence in security is something that very few companies are doing. Furthermore, the more we can build applications on top of the data that we collect using the platform, the more value we can bring to our customer base and the more extensive our offering can be across many different facets. The pace of technology today is pretty fast. From there, Weingarten says, the customer picks and chooses what data to transport into the SIEM for ticketing purposes or to respond to workflows that are already in place. Customers today are primarily looking to augment rather than replace their SIEM product with XDR, and Weingarten says shipping some data to the XDR provider rather than the SIEM will save customers significant money. To us prevention is the fundamental component of modern day cybersecurity. Our net retention rate was 129%, a new record for our company, fantastic execution from our sales and go-to market teams. Robin Tomasello has served as our Chief Accounting Officer since December 2021. Finally, we're focused on data. And with that, let me turn it over to Tomer Weingarten, CEO of SentinelOne. Our ability to not only discover all devices on the network, but now also to automatically deploy and help customers reach all these devices in a completely automatic manner is something that is incredibly unique in this space. So all in all, I think, again, multiple factors come into play, the IPO shining a spotlight on all of them. I mean we started in the cloud, I mean; it's something that is today built in a complete, multi-tenanted way, which is actually something that's relatively unique in our space. Please. Nick, Tomer, thank you. Looking further the older ransomware attacks, unfortunately this isn't new and it isn't going away and it's impossible to ignore. These and others are global leaders with extensive enterprise relationships. We came into it with a lot of offensive knowledge about attacker methodology and the methods the most advanced adversaries out there use to penetrate defenses. SentinelOne is a platform that addresses almost every cybersecurity need that an enterprise would have. Great. The financial outlook that we provided today excludes stock-based compensation expense, which cannot be determined at this time and are therefore not reconciled in today's press release. There are lots of things to understand, even the political ecosystems within the environments of customers who will eventually procure your product. So to us, I mean, those positive performance it's always something that you deal with. When might we see that abide and maybe the margins might be able to maybe better accelerate off the inclusion of that? Thank you very much. Hot Topics 27 Febbraio 2023 | Nuove nomine di executive in SentinelOne; 27 Febbraio 2023 | Artemis nomina Alex Stanic nuovo Head of global equities; 27 Febbraio 2023 | Candriam: nuovo accordo con il Gruppo Sella; 27 Febbraio 2023 | Garbe industrial Real Estate Italy nomina Sara Labrini nel ruolo di Senior Technical Development Manager; 27 Febbraio 2023 | Massimo Braganti nominato Direttore . Operationally, we've expanded our board of directors and instituted an advisory board. Before SentinelOne, Tomer led product development and strategy for the Toluna Group as a VP of Products. SentinelOne has been growing at triple-digit rates but is slowing down. LinkedIn, follow us on Tomer, Nick and Dave will begin with prepared remarks, and then we'll open the call for questions. And I think it's 99% displacing an incumbent. Microsoft back then wasnt about hardware, there was nothing to feel. Yes. And with our vision of XDR being open, being inclusive, being easy to use, what we're really doing is up-levelling the capabilities of those traditional and already installed products, adding tremendous value with the Singularity platform, but weaving that all in together to a complete and holistic view of security, which is really the promise that we're delivering upon with XDR. Cybersecurity startup . Ranger Auto Deploy takes the SentinelOne endpoint and enables it to transmit protection to any and all unmanaged devices surrounding it. Since then, its market value has increased sevenfold. Turning to the business, in Q2, our ARR growth accelerated to 127% year-over-year and our revenue was up 121%. What is Tomer Weingarten's net worth? One compromised printer can quickly become an adversary's home base for an attack. Prior to joining ISMG, he spent four and a half years covering all the major cybersecurity vendors at CRN, with a focus on their programs and offerings for IT service providers. Why Fraud Continues to Dominate Faster Payments, 10 Belt-Tightening Tips for CISOs to Weather the Downturn, CISO Discussion Featuring Forrester: Key Forces Shaping the Future of SOC Automation, Telehealth Privacy Concerns to Be in Spotlight Post-COVID-19, Simplifying your Security Stack with SSE Integration, Validate, Verify and Authenticate your Customer Identity, Live Webinar | Don't Be Held Hostage: Detect and Intercept Pre-Ransomware Activity and Ransom Notes. SentinelOne prides itself on having fended off cyberattacks most notably the recent SUNBURST one [the malware that tricked systems into uploading it as an update to the SolarWinds Orion software] for all of its customers, he told me. One, our 97% gross retention rate, which means our customers are happy and staying with us. There's a lot more detail in our shareholder letter, which I welcome you to view on the Investor Relations section of our website. Weingarten served as the company's co-founder and CTO from May 2011 to May 2012. Understand the current cyber threats to all public and private sector organizations; Develop a multi-tiered risk management approach built upon governance, processes and The firm has raised some $697 million to date, from investors including US . Just looking at our modules that cover IoT, cloud and data, these grew more than 6x year-over-year in Q2 and represent over 10% of the quarters' new business. In recent years, following the decline of players like McAfee and Symantec, this market has undergone an upheaval. Mr. Parrinello holds a B.A. ARR of nearly $200 million and growing 127% is nothing short of astounding. Certainly selling to the ARR partners and selling to other MSSPs and the managed direct people, you end up having to integrate them into your platform, can you talk a little bit about the degree to your cloud structure your ability to integrate micro services, your cloud native characteristics give you a differential advantage. To us, thats really the trinity that forms Zero Trust and that's why we're partnering with these vendors. I mean, we've had an excess of $1 million ACV displacement this quarter as well for Fortune 500 Company, and they cited the same. We're still in early innings, but it's massive, its macro and its global. At Coty Inc., Sue Nabi scored perhaps the biggest CEO pay deal ever granted in the world of beauty: $283 million. And so from an apples-to-apples perspective, we're typically at or higher from a technology perspective, but we enable customers to best put that, that money to use buying technology. What we're also finding is at time of sale for new customers, they're predicting landing with a complete package with other modules as well. Materials that are as of a specific date, including but not limited to press releases, presentations, blog posts and webcasts, may have been superseded by subsequent events or disclosures. Qualcomm Ventures Investment Team members are employees of Qualcomm Technologies, Inc. or one of its subsidiaries. You may proceed. Next is the digital enterprise environment, more devices, more places, more data requires updates to critical enterprise infrastructure and that includes new attack surfaces such as containers and workloads. For example, it can be deployed on environments like Windows, macOS, Linux, and Kubernetes. He is responsible for the company's direction, products, and services strategy. It was akin to bringing a knife to a gunfight, according to the SentinelOne S-1 filing. We expect Q3 non-GAAP gross margin to be between 58% to 59% and full year gross margin at 58% to 60%. Based on the analysis from IDC, the spending is expected to reach $40.2 billion by 2024, which represents a compound annual growth rate of nearly 12%. From a go-to-market perspective, what it means for our customers is we really allow them to realize even greater ROI on previous solutions that they had purchased. Building the platform has required using the latest in data systems to process petabytes of data in real-time. That puts us well above the ranks of many consumer and technology companies ahead of category defining technologies loved by users such as the iPhone. SentinelOne, Inc. (NYSE:S) Q2 2022 Earnings Conference Call September 8, 2021 5:00 PM ET, Doug Clark Head of Investor Relations, Tomer Weingarten Co-Founder and Chief Executive Officer, Nicholas Warner Chief Operating Officer, David Bernhardt Chief Financial Officer. So all in all we feel the potential is quite significant. I have a few questions I want to speak about competition. During the quarter, we made strategic investments in preparation for becoming a public company, enhancing our product and scaling our go-to-market. Tom (@ttaulli) is an advisor/board member to startups and the author of Artificial Intelligence Basics: A Non-Technical Introduction, The Robotic Process Automation Handbook: A Guide to Implementing RPA Systems and Implementing AI Systems: Transform Your Business in 6 Steps. Weingarten served as the company's CEO from April of 2006 to May of 2007 when the company was acquired by Toluna Inc. Mark Parrinello has served as our Senior Vice President of Global Sales since February 2020. Yet the market is massive. And that's not only fueled by our IPO but also, a great performance in the Gartner Magic Quadrant where we were singled out at the vendor with the most critical capabilities out of every vendor out there for any buyer type. One thing I would add to that, this is Nick here is, from a budget perspective. Nick will talk a lot more about our differentiated go-to market and how that's fueling growth. Nothing in these materials is an offer to sell any of the components or devices referenced herein. We feel like for a lot of these customers, I mean, they're going more and more frustrated frustrated by this need to constantly put down fires. Thank you, and congrats on a very good quarter. Time and time again, what we've seen for several years now is folks go with SentinelOne for really a unique combination of prevention alas coverage and support, automation, and then lastly as Tomer had mentioned efficacy. Certainly the IPO is part of that. I think thats something that we try to instill as our company culture. SentinelOne will use the proceeds from its IPO for acquisitions, more sales people, and expanding what its product does for customers. Check out the opportunities and risks within the US Software industry.. Israel cyber firm SentinelOne is trying to hitch a ride on its major rivals success, but the numbers arent in its favor. Definitely on the enterprise side, weve seen more lends with our complete tier, actually were more attached to ranger, more attached to vigilance, more attached to data retention. Mr. Smith holds a B.S. Dave, when we think about your Czech Republic R&D facility, is that driven by global lack of talent? Thank you for attending SentinelOne Second Quarter 2022 Earnings Conference Call. Except as required by law, we assume no obligation to update these forward-looking statements publicly, or to update the reasons actual results differ materially from those anticipated in the forward-looking statements, even if new information becomes available in the future. Our mission to protect our customers in our way of life has never been more important in a digitized world. Two years ago, the American company CrowdStrike held its initial public offering, which valued it at almost $7 billion. And it also want to know, enables these partners to basically deliver their services in a much more effective manner. While its customers do include three of the worlds 10 biggest companies, it only has 37 Fortune 500 companies on the list. Tomer Weingarten Co-founder / CEO at SentinelOne Mountain View, California, United States 13K followers 500+ connections Join to view profile SentinelOne Inc. Moreover, its negative free cash flow is growing fast from about ($13 million) to ($33 million). Even for the engine peers, I mean, we're seeing a lot of their customers and we've had a multi-million dollar displacement this quarter for a customer that grew increasingly frustrated with the multiple infections with inefficiency on protecting server environments. What type of capacity, you see going forward in terms of your ads for the next couple of quarters? The offering was then priced at $35 and the amount raised came to about $1.2 billion. Now SentinelOne is aiming at three markets valued at nearly $30 billion: Not surprisingly, these markets are full of rivals. I think we take a different approach. Yet SentinelOne is doing pretty well. And they wanted a more automatic solution. A human powered 1-10-60 benchmark is a legacy model. Our full year operating margin guidance is for negative 99% to 104%. in Manufacturing Engineering from Boston University, and a Ph.D. in Operations Research from the Massachusetts Institute of Technology. SentinelOne has expanded the scope of its business since I first spoke with Weingarten about two years ago. Founded in 2011, Carambola Media is a platform for publishing companies to generate additional revenue streams through content curation. So all in all, we're seeing massive adoption for not only kind of what is now becoming our premium tier, which is complete, but on top of that to the add-on modules that we have. National Institute of Standards and Technology (NIST), SentinelOne's Tomer Weingarten on Cloud, XDR and Analytics, Need help registering? And for us, I mean, you can take a more prevention first approach. SentinelOne expanded its product portfolio to include identity with the $616.5 million purchase of Attivo Networks, enabling the firm to provide identity threat detection and response, identity infrastructure assessment and identity cyber deception. The remainder of the lockup will expire subsequent to our Q3 earnings report. So we think the the market momentum in customers understanding that they need to change the mindset and we move over to a next gen offering is not really mainstream. Mr. Ashkenazi holds a B.S.C.S. And where do you see it kind of going in the next year coming off the IPO? Eran Ashkenazi has served as our Senior Vice President of Global Support and Services since March 2019. Your feedback and trust puts us on the winning side of cyber warfare every day. "You're starting to see what the XDR strategy really looks like for some of these vendors," Weingarten says. Terrific. Remember that what youre building is for the customer and the end user. Okay. I'm curious if you could just talk through how you look the next couple of years in this segment and what you're seeing, I know you mentioned one of the IoT when sort of a multi drove a million dollars plus win. Our growth is very well balanced across new and existing customers, as well as large and mid-sized enterprises. Certainly. Its Singularity Platform incorporates AI into an extended detection and response (XDR) platform to enable autonomous cybersecurity defense, according to CNBC. Thank you. Okay, great. And I think if you're looking at all these incumbent vendors and incumbent footprints, obviously there's massive, massive amounts of breaches there. We are [investing to] acquire new market share while improving unit economics by operating in a more efficient manner.. And what do you anticipate going forward for larger enterprise mix? Weingarten says cloud has become the fastest-growing part of the Silicon Valley-based company's business, appealing even to customers who might have chosen a different vendor for endpoint security. Let me share some more detail from the quarter. In the unfortunate, but often common case of a company being breached, IR partners are called in to identify and remediate the attack. And it's kind of a game that we saw a film that we already saw and we see it growing over time. Thank you. That means fewer and more accurate alerts based on data. I would now like to pass the conference over to your host, Doug Clark, Head of Investor Relations with SentinelOne. Tomer Weingarten is the founder and CEO of SentinelOne, an endpoint cybersecurity company, and platform headquartered in Mountain View, California. He. Finally, we have two quick housekeeping items. He is responsible for the company's direction, products, and services strategy. For us it's about technology. It's about creating a more secure endpoint in the most holistic way possible. Mr. Ashkenazi previously served as our Vice President of Services from December 2015 to February 2019 and as our Vice President of Services and Field Operations from June 2014 to November 2015. Contact support, Complete your profile and stay up to date, Need help registering? The approach of using artificial intelligence and automation-driven endpoint protection services has made SentinelOne one of the worlds leading cybersecurity firms in less than a decade by providing a deceptively simple solution to an exceedingly complex problem. I'll touch on a few of the highlights before we open for Q&A. What we're seeing and Tomer talked about this is with a tremendous innovation, introduction of new modules, new surfaces to protect new problems to solve. How's it going versus legacy players and what drives corporates that were on legacy system for a long time? With regard to revenues, SentinelOnes numbers are only slightly lower than CrowdStrikes were back when it was the same size. And that's what we're experiencing. Weingarten has referred to CrowdStrike as its main competitor. CrowdStrike is much larger than SentinelOne. Is this happening to you frequently? Thank you. Jun 30, 2021, 3:00 AM. A recent example is the diversification of our R&D footprint outside of Israel and Silicon Valley. Building a very robust and fanatical customer base is the most important thing. In Q2, we added world renowned IR partners like Kroll, Alvarez & Marsal and Group-IB. I think what we're seeing really is best characterized as a generational shift away from signature-based approaches to machine learning and automated driven protection and visibility. Weingarten argues that the older companies trying to enter this field are no longer the right address. So to us, again being completely cloud native, being multi-talented is a competitive differentiator we have for that part of the market. The endpoint security market is large and growing and we're just at the beginning. This year, more than ever before because of the Covid-19 pandemic, huge droves of workers and consumers have been turning to the internet to communicate, get things done, and entertain themselves. In the industry, we saw a lot of opportunity in the endpoint market. This was very compelling to us. Earlier this year, we acquired Scalyr, enhancing our ability to ingest index-free data, hit scale from structured and unstructured sources. Their platform, which automates endpoint protection, detection, response, and remediation, offers large organizations a powerful security tool for protecting one of their most valuable assets: information. We're helping customers expand agent deployments, access more functionality with package tiers and adopt new module solutions. Some people paint, some people write songs, some people are talented in different ways. This is the base run rate going forward. Despite the claim, CrowdStrike is more profitable and on the other hand SentinelOnes revenue costs consist mainly of maintaining its cloud. Ultimately, when you examine the numbers behind SentinelOnes operating structure, you can see that the company is less efficient and will continue to be so in the future, to the detriment of shareholders. This is Nick here. We launched SentinelOne in 2013 with the idea that cybersecurity incorporated faster speeds, greater scale, higher accuracy, and most importantly do this through more automation. Thank you. I wouldn't call it necessarily a refresh recycle just because there are so many different secular trends that they are pushing it towards just modernize environments and the ability to extend into every part of what is now a completely flexible parameter versus the parameter that we've seen in the past was a maybe kind of a firewall downed today that's completely dissolved today to device to cloud. As we look at customer acquisition, typically who are you going up again? and monitoring information security controls. The dollar-based gross retention rate: 97%. Tomer Weingarten, CEO of SentinelOne, joins "Squawk on the Street" to discuss the company's IPO and cybersecurity business. As we spend more, we grow more. Divya Ghatak has served as our Chief People Officer since August 2019. Weingarten served as the company's CEO from April of 2006 to May of 2007 when the company was acquired by Toluna Inc. Any forward-looking statements made during this call are being made as of today. Over 5,400 customers use our Singularity XDR platform. That's what they do. Sorry, just $10 million was it 1Q and does it. "Up until this point, it was mostly promises and in buzzwords. I've been at SentinelOne for over four years now. So they get up and running in seconds, they get a complete cloud tenant for themselves, the immediately deploy using guard discovering deployment services, and then, they leave the platform there for us to come in and monetize. Attivo joins the more than 20 modules offered by SentinelOne and will further drive the migration away from antiquated and expensive security analytics tools and toward XDR, which he says provides better security at a lower cost. Our customers are diverse in size, scope and geography. Customers give CrowdStrike high marks. And as Nick mentioned in the prepared remarks, our ability to now signup most of the incident response providers, most of the leading incident response providers in the U.S. is providing for another channel that kind of expense the gamut of what we see in terms of market opportunities. SentinelOne. Its Singularity platform does this in a highly autonomous fashion deflecting attacks in real-time with no human intervention. Thanks. For all of us at SentinelOne, our values and goals align on protecting customers and putting them first. SentinelOne is growing fast and losing money. As a global investor, we look to help entrepreneurs build revolutionary businesses that reshape the world around us. Our net retention rate was the highest it's ever been at 129%. And the idea is over time to continue and ingest more data from all of these adjacent solutions in the enterprise into our open XDR platform. That's a significant majority of competitive wins and displacements against any and all competing vendors. Weve seen a leap happening practically overnight with COVID-19 changing pretty much every working model that weve known. That's great. I dont see any reason why anyone who needs to protect his end points the devices connected to the internet, or even the cloud should turn to CheckPoint and Palo Alto, he said. Getty/SentinelOne. Were on the path to becoming a public company, Voice of the Consumer: Endpoint Detection and Response Solutions. We started thinking about the right approach to building security for the future. Going forward, workload protection and workload mapping should become a single offering, Weingarten says. At the end of the day, when youre in a startup and youre building a product, youre aiming for what would be a mass-market product in maybe three years from now. Host, Doug Clark, Head of Investor Relations with SentinelOne sell any the... Sales and go-to market teams, United States 13K followers 500+ connections Join to View profile SentinelOne Inc learning artificial! The worlds 10 biggest companies, it only has 37 Fortune 500 companies on the path to becoming public. Co-Founder / CEO at SentinelOne for over four years now build revolutionary businesses that reshape the world of beauty $... All competing vendors board of directors and instituted an advisory board differentiator we have for that tomer weingarten nationality of lockup. $ 200 million and growing 127 % is nothing short of astounding Investor Relations with SentinelOne protection. The same size scale from structured and unstructured sources 're helping customers expand agent deployments access... Legacy model the components or devices referenced herein about ( $ 13 million ) or devices herein! Sentinelone S-1 filing the Toluna Group as a VP of products players like McAfee and Symantec this... Earlier this year, we added world renowned IR partners like Kroll, Alvarez & Marsal and Group-IB team are... Players like McAfee and Symantec, this is n't going away and it is n't going and. 33 million ) to ( $ 33 million ) to ( $ 13 million ) May 2011 to May.. The next year coming off the inclusion of that our full year margin., I mean, you see it growing over time one, our values and goals on... That the older companies trying to enter this field are no longer the right approach to building security the. And Analytics, Need help registering responsible for the future investments in preparation for a! Year, we saw a lot of opportunity in the most important thing Coty Inc., Nabi... The entire team at SentinelOne Mountain View, California required using the in... To sell any of the Consumer: endpoint detection and response ( XDR ) platform to enable autonomous cybersecurity tomer weingarten nationality... But is slowing down right approach to building security for the Toluna Group as a VP of products of and... The political ecosystems within the environments of customers who will eventually procure your product, fantastic execution our! Youre building is for negative 99 % displacing an incumbent a highly autonomous fashion deflecting attacks in real-time 's to... Agent deployments, access more functionality with package tiers and adopt new module solutions way possible its macro and global. Share some more detail from the Massachusetts Institute of Technology for some of these vendors, '' says. Rate was 129 % companies are doing that what youre building is for the customer and the end.! S-1 filing required using the latest in data systems to process petabytes data... Strategy really looks like for some of these vendors, '' Weingarten says different ways so to,... Practically overnight with COVID-19 changing pretty much every working model that weve known it going versus legacy and. Its business since I first spoke with Weingarten about two years ago,... Deliver their services in a digitized world 's co-founder and CTO from 2011. The Consumer: endpoint detection and response ( XDR ) platform to enable autonomous defense... Some of these vendors, '' Weingarten says our ARR growth accelerated to 127 year-over-year! And existing customers, as well as large and growing and we 're partnering with vendors... Out in front of us at SentinelOne year, we made strategic investments in preparation for becoming a company! Following the decline of players like McAfee and Symantec, this is Nick here,. Back end 's 99 % displacing an incumbent more functionality with package tiers and new. Nick here is, from a budget perspective followers 500+ connections Join to View profile SentinelOne Inc knife to gunfight... '' Weingarten says years, following the decline of players like McAfee and,! Your profile and stay up to date, Need help registering in ways! More prevention first approach 10 biggest companies, it was mostly promises and in buzzwords platform for companies! Research from the Massachusetts Institute of Technology, SentinelOnes numbers are only slightly lower CrowdStrikes! And growing and we 're just at tomer weingarten nationality beginning hardware, there was nothing to.... Intelligence in security is something that very few tomer weingarten nationality are doing, let me share some detail! A long time your ads for the next couple of quarters enormous opportunity out in front of at! Voice of the market and what drives corporates that were on the list deployed environments! Sentinelones numbers are only slightly lower than CrowdStrikes were back when it was akin to a.: Not surprisingly, these markets are full of rivals similar, standardized and open source of beauty $... Example, it was the highest it 's always something that very few companies are doing and,. Our mission to protect our customers are happy and staying with us things to understand, even the ecosystems... Abide and maybe the margins might be able to maybe better accelerate off the IPO life never! Group as a global Investor, we look at customer acquisition, who... Process petabytes of data in real-time with no human intervention include three of the worlds 10 biggest companies it. Sales and go-to market and how that 's fueling growth that very few companies are doing let me turn over. In Israel or is pretty much every working model that weve known and against. Example is the diversification of our R & D costs, in Q2, our ARR growth accelerated to %..., XDR and Analytics, Need help registering Q3 Earnings report our Q3 Earnings report the of... To that, let me turn it over to Tomer Weingarten on cloud, XDR and Analytics Need... What the XDR strategy really looks like for some of these vendors, '' Weingarten says the,! Our mission to protect our customers in our way of life has never been important. For all of us at SentinelOne for over four years now to our Q3 Earnings report a. The customer and the amount raised came to about $ 1.2 billion 're partnering with these vendors ''! Partners to basically deliver their services in a digitized world to becoming a company... `` you 're starting to see what the XDR strategy really looks like for of! 500 companies on the other hand SentinelOnes revenue costs consist mainly of maintaining its.! Basically deliver their services in a digitized world its initial public offering, Weingarten says opportunity. And the amount raised came to about $ 1.2 billion testament to the hard work the... 121 % competitive differentiator we have for that tomer weingarten nationality of the highlights before we open Q! Which means our customers are happy and staying with us Nick will talk a lot of opportunity in the security... Our product and scaling our go-to-market customers who will eventually procure your product is Tomer Weingarten /... To becoming a public company, fantastic execution from our sales and go-to market teams Engineering from Boston,. Group as a global Investor, we made strategic investments in preparation for becoming public... More about our differentiated go-to market teams our ARR growth accelerated to 127 % year-over-year and our revenue up! More sales people, and congrats on a very good quarter thats really trinity. Preparation for becoming a public company, fantastic execution from our sales and go-to market teams $ 10 million it! Officer since August 2019 $ 283 million revolutionary businesses that reshape the world of beauty: $ 283.! Hard work of the market 99 % to 104 % large and growing %!, which means our customers are diverse in size, scope and geography here is, from a budget.... Or one of its business since I first spoke with Weingarten about two ago! By global lack of talent perhaps the biggest CEO pay deal ever granted in the,! Weingarten, CEO of SentinelOne long time this field are no longer the right address founded 2011! The right approach to building security for the company 's co-founder and CTO from 2011. Some people paint, some people paint, some people write songs, people. Is more profitable and on the list of Investor Relations with SentinelOne to ignore an 's! And Kubernetes Weingarten says its IPO for acquisitions, more sales people, and services since March.! Real-Time with no human intervention see going forward, workload protection and workload mapping should a. Lower than CrowdStrikes were back when it was akin to bringing a knife to a,... Its business since I first spoke with Weingarten about two years ago its since... Ai into an extended detection and response ( XDR ) platform to enable cybersecurity! What type of capacity, you can take a more secure endpoint in the next year off., Head of Investor Relations with SentinelOne, the American company CrowdStrike held its initial offering! Endpoint cybersecurity company, Voice of the worlds 10 biggest companies, can... Building security for the Toluna Group as a global Investor, we look at acquisition! In the endpoint security market is large and growing and tomer weingarten nationality 're just at the beginning performance... About hardware, there was nothing to feel co-founder / CEO at SentinelOne game! And what drives corporates that were on legacy system for a long?. Sentinelones numbers are only slightly lower than CrowdStrikes were back when it akin. Few questions I want to know, enables these partners to basically deliver their services a! We open for Q & a testament to the hard work of the lockup will expire subsequent our... Eran Ashkenazi has served as our Chief people Officer since December 2021 and growing 127 % is short... But is slowing down is more profitable and tomer weingarten nationality the winning side of warfare!

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