Welcome everyone and thanks for joining our first earnings call as a public company. LinkedIn, follow us on It's predominantly in the second half of this year. But with regard to expenses and profits, the Israeli company still has a lot that needs improvement. I'm just wondering, ultimately how much of an opportunity there is that those customers for additional purchases? Just on maybe a question for either Nick or Tomer, I wanted to dig into some of the partnership announcements you guys have made in recent months particularly with Zscaler and Cloudflare. until now. The ability to give a full spectrum solution, a full spectrum platform that ranges from best of breed prevention, all the way to detection and response and remediation all of that in a complete uniform autonomous manner. As a global investor, we look to help entrepreneurs build revolutionary businesses that reshape the world around us. And we'll do that for the foreseeable future. Let me share some more detail from the quarter. And with that, let me turn it to Nick Warner, our Chief Operating Officer. Today, I think we've shared that it's already about 10% contribution into our revenue is coming from the, cloud and server protection pieces that we sell, and we're seeing more and more traction in cloud security. Hi, good afternoon. Learn the fundamentals of developing a risk management program from the man who wrote the book But Weingarten says SentinelOne's ability to protect cloud, Linux and Kubernetes environments without requiring a cumbersome deployment sets it apart. on the topic: Ron Ross, computer scientist for the National Institute of Standards and Our focus on automation, speed and accuracy is critical to any enterprise, in fact, all enterprises. "It's going to be tough for other vendors to follow anytime soon," Weingarten says. And so that's the right way to think about our global field presence is adding all of those folks up and understanding that each time we're adding a partner behind that are hundreds of sales reps, doing 2000 plus accreditations to date, that's really building that flywheel, but we're absolutely going to continue to invest in our own SentinelOne personnel as it relates to go-to-market. Thank you. You may proceed. But at the same time turn into more of a preventative approach where I'm not saying that you can prevent everything, but you can absolutely do a better job on prevention and really stop that firefighting mode or improve it significantly. Our mission to protect our customers in our way of life has never been more important in a digitized world. I'll touch on a few of the highlights before we open for Q&A. That's more control and more automation and more prevention. Driven by the rising wave of ransomware attacks, breaches have become pervasive for businesses around the world. Youre building something that protects everybodys data. We are [investing to] acquire new market share while improving unit economics by operating in a more efficient manner.. He says the company is expanding into critical areas such as cloud security posture management and cloud infrastructure entitlement management. Its a huge undertaking. Opinions expressed by Forbes Contributors are their own. The CEO and cofounder of SentinelOne is Tomer Weingarten. If this call is replayed or reviewed after today, the information presented during the call may not contain current or accurate information. But the last thing and this is not to be underestimated with our unique go-to-market business is that multi dimensional channel that we talked about. We've seen huge lengthen expand opportunities. We are benefiting from increased scale, cloud hosting agreements and processing efficiency gains. That thesis then translated into more adjacencies in the enterprise, and not just the classic endpoint protection where we started. Its basically the go-to console for security operations people in some of the worlds largest organizations. Certainly. You may proceed, Mr. Weingarten. The offering was then priced at $35 and the amount raised came to about $1.2 billion. By submitting this form you agree to our Privacy & GDPR Statement, General Data Protection Regulation (GDPR). Two years ago, the American company CrowdStrike held its initial public offering, which valued it at almost $7 billion. 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. See Also: OnDemand | Navigating the Difficulties of Patching OT. The only way to ensure safety and security is with zero trust. Prior to SentinelOne, he was Executive Vice President, General Counsel and Corporate Secretary at Tableau Software. This was the first public offering for Weingarten. The company's approach to the cloud limits trade-offs between performance and security and, unlike competitors, embraces an architecture that's compatible with the needs of cloud-native companies. The property, on just over an acre in the Country Club. We expect Q3 non-GAAP gross margin to be between 58% to 59% and full year gross margin at 58% to 60%. Now its worth about $10 billion, according to MarketWatch. SentinelOne, which develops AI-powered software for cybersecurity, launched its IPO today. Another player in this market is the Israeli firm SentinelOne. 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You may proceed. 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. We don't force them to use our service. David, maybe my follow-up for you. 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. We knew from the beginning that the best solution would have to harness the power of data and AI. 2023 SentinelOnes IPO valuation was a record for a cybersecurity company. The next question is from Shaul Eyal with Cowen. It's an enormous opportunity out in front of us. But I wanted to go into a slightly different angle on the cloud architecture that you bring. We feel that what were doing with data, machine learning and artificial intelligence in security is something that very few companies are doing. And yes, the growth has been standout for SentinelOne. Its Singularity Platform incorporates AI into an extended detection and response (XDR) platform to enable autonomous cybersecurity defense, according to CNBC. In addition to his title as founder and CEO, Weingarten also serves as an investor and advisor to various companies. twitter, follow us on In fact, our IR partner ecosystem is our fastest growing channel. At SentinelOne, Tomer Weingarten has 36 colleagues including Dan Schienman (Director), Ana Pinczuk (Director) . He. Good evening. 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. The road isnt always simple when you lead a company to disrupt a very large space and really break new grounds. Our goal is to optimize for scale performance and cost. It's actually all of the above and we definitely focus on basically providing the customer the choice, license counts naturally organically extend over time. All lines will be muted during the presentation portion of the call with an opportunity for questions and answers at the end. And obviously, Qualcomm is a main driver in the 5G revolution which will also almost recreate what the network model looks like. SentinelOne - founded by Almog Cohen and Tomer Weingarten. What we do today will be transitioned into more remote and virtual settings, which will lead to more exposure of attack surfaces for hackers and criminals. Sure. Nick will talk a lot more about our differentiated go-to market and how that's fueling growth. Bloomberg says the firm is interviewing bankers for a share offering this year; the Tel Aviv based company was founded in 2013 by Tomer Weingarten, its CEO, and Almog Cohen And what that's really driven by enabling their business and not competing is incredible loyalty and brand loyalty with SentinelOne, and that's something we've been working really hard on for the last several years. The colleagues of Tomer Weingarten. We just, turns out to be a much more efficient model than the platforms that they've been using in the past which obviously, were more on-prem down. 225% on $1 million deals, again, a good reflection of our traction in the enterprise. We see tremendous opportunity for growth and the investments we're making today will put us in a position to succeed for the long-term. Implementing AI Systems: Transform Your Business in 6 Steps. And is this coming from an expansion in seats? They use our technology to understand what's going on, stop the attack and remediate the network. SentinelOne. For us, it's one singular offering, and it's super simple to use.". Yet the market is massive. A reconciliation of GAAP and non-GAAP results is provided in today's press release and in our shareholder letter. This is the base run rate going forward. So the ability to really address all of these new opportunities in cybersecurity that might have not been there a couple of years ago are not only an opportunity, but also a competitive differentiator that we have. Tomer, Nick and Dave will begin with prepared remarks, and then we'll open the call for questions. The estimated net worth of Tomer Weingarten is at least $3.91 million as of December 12th, 2022. This call is being broadcast live via webcast. SentinelOne invests a lot more in research and development than CrowdStrike did in 2018, when it was the same size (74 percent of revenues rather than 48 percent). Cybersecurity startup . You may proceed. I have a quick one, if I can squeeze in, if not I'll ask you privately. The first is on September 28. 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 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. Over 5,400 customers use our Singularity XDR platform. We've had multiple years doing customers of Symantec and McAfee. I see that landed costs per new logo is certainly much higher than it was last quarter. Just some of the key rivals include CrowdStrike and Palo Alto Networks. And that's really what's driving massive motion in our market. What that enables customers to do is achieve the outcome we're driving for them and our prospects and customers, which is protection and prevention. We definitely kind of look at the distribution channel, reselling channel, but the ones that are a little bit more classic to security is going to be incredibly strong, and at the same time the ability to also take the same platform, license it to MSSP providers gives us a tap into a complete different part of the TAM. After all, there are stringent disclosure and audit requirements. The company raised close to $700 million over eight rounds of funding. We listen to our customers adding even more automation capabilities. 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%. And it also want to know, enables these partners to basically deliver their services in a much more effective manner. , in Manufacturing Engineering from Boston University, and a Ph.D. in Operations Research from the Massachusetts Institute of Technology. SentinelOne is basically my third company. When SentinelOne CEO and co-founder Tomer Weingarten launched the company in 2013, he had a revolutionary vision to transform the way organizations protect their data and devices by building software that doesn't just observe but prevents and deflects in real-time.. Their platform, which automates endpoint protection, detection, response, and remediation, offers large organizations a . According to its prospectus, revenue grew 108% in the latest quarter ending in April to $37.4 million, while its net losses more than doubled from $26.6 million to $62.6 million. 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. Its listening on one end, grabbing as much data as you can, taking that data, distilling it, and building the best prediction that you can for the future and for your product. Tomer Weingarten is responsible for the company's direction, products, and services strategy. Thank you very much for taking my question. Getty/SentinelOne. We feel as far from it and it can vary significantly. Excluding the redundant costs for the Scalyr migration, we estimate fiscal 2022 gross margin would be roughly similar to our gross margin we achieved this quarter. Prior to Tableau, Mr. Conder was Vice President, General Counsel and Corporate Secretary at Isilon Systems from 2007 to 2012, and prior to that led legal and regulatory teams in the travel and technology sector for over ten years, including as Senior Vice President and General Counsel of Expedia, Inc. and Travelocity.com, Inc. Ric Smith has served as our Chief Technology Officer since March 2021. There's a lot more detail in our shareholder letter, which I welcome you to view on the Investor Relations section of our website. 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. You may proceed. Thank you. It's about creating a more secure endpoint in the most holistic way possible. We are very excited about our performance in the second quarter. Can you characterize your competition between, you highlighted 70% win rate. By browsing bankinfosecurity.com, you agree to our use of cookies. Previously, Ms. Ghatak led talent and implementation of people strategy at several global business units at Cisco Systems, from June 2007 to October 2013. This is the new normal forcing the revolution of how we work, where we work from and fundamentally how we secure the future of work. I'm just really trying to get a feel for how long this exceptionally strong momentum can continue? Certainly the IPO is part of that. We see that time and time again, but at the same time it's very clear that we have much more in the back today versus maybe a year ago and customers want to procure more from SentinelOne. Prior to joining us, Mr. Bernhardt served in various leadership positions at Chegg, Inc., an educational technology company, including as Vice President of Finance and Principal Accounting Officer, from July 2011 to September 2020. Prior to joining SentinelOne, Ms. Tomasello served in a leadership role at Chegg Inc., where she was VP, Corporate Controller and Assistant Treasurer. We're seeing the ability for almost every customer that we have today to go in and prove by that functionality. 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. The reason? Every second counts when it comes to fending off cyberattacks. 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. Can you talk to us maybe from the quantitative or maybe just from a qualitative perspective on the LTV of cohorts over the past few quarters now going to say even a few years, specifically on the heels, or the fact that, your deal with a greater than 1 million have been fantastically on the rise out of the late. Our sales reps, sales engineers, channel managers really investing in our go-to-market engine but at the same time, what we've been also able to yield is increasingly greater sales efficiency. The dollar-based gross retention rate: 97%. So we really think about growing the business from a new model perspective, as well as learning to extend, someone asked a question on that the answer is yes, we're doing both. He was recognized for his breaking news coverage of the August 2019 coordinated ransomware attack against local governments in Texas as well as for his continued reporting around the SolarWinds hack in late 2020 and early 2021. "The rest of the competitors have just chosen an architecture that is not well received by a lot of the cloud-native companies that are looking to secure their cloud environments," Weingarten says. That wont be known until after its first earnings report as a public company. Customers give CrowdStrike high marks. 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. As he told CNBC, We maintain an incredible win rate across every competitor out there. Prior to Chegg, Mr. Bernhardt served in various positions at Palantir Technologies Inc., a data analytics software company, including most recently as its Vice President of Finance and an advisor, from May 2009 to August 2013. We're also expanding with existing customers to securing more devices and services along with bringing new security control and visibility modules. References to "Qualcomm" may mean Qualcomm Incorporated, or subsidiaries or business units within the Qualcomm corporate structure, as applicable. You may proceed. Our business is expanding well into the triple digits, both for ARR and revenue and our guidance for Q3 shows that we expect that to continue. 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. 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. 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. That's great. Clearly competition in this industry will remain fierce. With regard to revenues, SentinelOnes numbers are only slightly lower than CrowdStrikes were back when it was the same size. Whats the Priority for MSS/MDR Selection for 2023? Mr. Bernhardt holds a B.S.c. Its going to be mostly a handshake between devices in the cloud at the end of the day. Obviously there are areas that are, economically more viable in terms of full strategy. The next question is from Tal Liani with Bank of America. Weingarten served as the company's co-founder and CTO from May 2011 to May 2012. The reality was that traditional systemssuch as those based on human-powered signatureswere failing even more. At the same time, top scores from MITRE ATT&CK, the industry standard test for EDR, as well as the high score in the Gartner Critical Capabilities for each buyer type have helped build credibility in industry recognition. The company focuses on cloud workload protection and bests its rivals when it comes to performance and deployment since it doesn't tap into the kernel or require an intrusive integration, Weingarten says. Since then, its market value has increased sevenfold. Mr. Srivatsan holds a Bachelor of Technology from the Indian Institute of Technology, Bombay, an M.S. Even beyond security. We're helping our customers stay ahead of all adversaries, prevent breaches and autonomously respond through innovation. Yes for sure. 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. So all in all, we feel pretty good about our ability to continue and grow in these customer accounts, both in terms of covering more footprints but also in terms of selling more modules. For the full year, we expect revenue of $188 million to $190 million or 103% growth at the midpoint. We definitely see the ability to expand into other footprints in the enterprise, almost every account that we land. Our decision was to create a solution that doesnt just observe but reacts and deflects in real time. Yet SentinelOne is doing pretty well. At Tableau Software, Mr. Conder led the companys legal and regulatory affairs from its 2013 IPO through extensive growth and international expansion, including its acquisition, integration, and ongoing growth as a part of Salesforce.com, Inc. Tomer Weingarten is our co-founder and has served as our Chief Executive Officer and a member of our board of directors since our inception in January 2013, as our President since November 2018, and as our Chairman of the Board of Directors since March 2021. So all in all, I mean, they can actually choose what they want to procure from us, but again apples-to-apples, I think you'll see that prices are very, very similar. Our website uses cookies. Tomer Weingarten, co-founder and CEO, SentinelOne (Image: SentinelOne) Identity protection, XDR, data analytics and cloud security have been SentinelOne's biggest areas of investment during 2022 . Prior to joining PANW, Mr. Srivatsan served as Managing Director, Business Operations & Strategy at Google Cloud, a cloud computing services company, from October 2015 to January 2019. When customers run a search or query in SentinelOne's EDR platform, it can return results from any other security product in the customer's IT ecosystem without having to deploy multiple consoles or duplicate or transport data, Weingarten says. If the stock price remains at current levels, it will unlock up to approximately 40 million outstanding shares as of July 31, 2021, excluding vested equity awards. Some people paint, some people write songs, some people are talented in different ways. Massive sales forces at various channel partners in the MDR space, MSSP partners, IR partners, traditional resellers and distributors. But the vast majority of what we see, it's, it's absolutely taking market share from the incumbents. Building a very robust and fanatical customer base is the most important thing. And that's what we're experiencing. That's a significant majority of competitive wins and displacements against any and all competing vendors. Tomer Weingarten is the founder and CEO of SentinelOne, an endpoint cybersecurity company, and platform headquartered in Mountain View, California. On Wednesday's episode of "Mad Money," SentinelOne CEO and co-founder Tomer Weingarten discusses the cybersecurity firm's fiscal second quarter 2022 results. According to a Bloomberg report from early March, the company is hoping for an even higher market value, of $10 billion. I think the road is long, and I think what really is important to understand about our platform is we're much more than endpoint security. Before we begin, I would like to remind you that during today's call, we'll be making forward-looking statements regarding future events and financial performance, including our guidance for the third fiscal quarter and full fiscal year 2022, as well as certain long-term financial targets. Very helpful. In recent years, following the decline of players like McAfee and Symantec, this market has undergone an upheaval. Now, you can see real bifurcation in XDR approaches.". Got it. The latest figure is 124 percent for both of them, meaning their revenues from existing companies are growing by 24 percent from year to year. Make no mistake, this is a competitive market. It was akin to bringing a knife to a gunfight, according to the SentinelOne S-1 filing. A human powered 1-10-60 benchmark is a legacy model. Operationally, we've expanded our board of directors and instituted an advisory board. I think that is what the ideal is," Weingarten says. You can actually stop these fire from actually ever happening. We will put more boots on the ground. 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. Thank you. Very helpful. It's now 10. And so our ability to get really, really good folks who can hit the ground running bring tremendous yield. Any forward-looking statements made during this call are being made as of today. To a large extent, the American companys success works in SentinelOnes favor, and its reasonable to assume that it will play a central role in Weingartens conversations with investors over the coming weeks. As for SentinelOne, the vision was to build a next-generation cybersecurity platform that leveraged AI. Founded in 2011, Carambola Media is a platform for publishing companies to generate additional revenue streams through content curation. How so? And to what extent that partnership integration makes your partners more sticky over time and amplifies that loyalty? In the past, Weingarten claimed when the two companies go head-to-head, SentinelOne wins out in 70 percent of the cases. Technology. Tomer Weingarten, SentinelOne co-founder and CEO, joins 'TechCheck' to discuss the current status of Microsoft's vulnerability to cyber attack, what measures need to be taken to deter a future. Earlier this year, we rolled out a new channel partner training and accreditation program. However, Mountain View-based SentinelOne which went public on June 30 can brag that it is the highest-valued cybersecurity IPO ever, according to CNBC. 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. And I think if you're looking at all these incumbent vendors and incumbent footprints, obviously there's massive, massive amounts of breaches there. Ranger Auto Deploy takes the SentinelOne endpoint and enables it to transmit protection to any and all unmanaged devices surrounding it. We're still in early innings, but it's massive, its macro and its global. Weingarten said in the past that CrowdStrike relies more on providing services, whereas SentinelOne relies more on machine learning and automation. We're excited about the future of go-to market synergies. To us prevention is the fundamental component of modern day cybersecurity. This success has attracted some of the worlds largest companies as customers and earned industry accolades, including a spot on the CNBC Disrupter 50 list, being named the highest-rated vendor on Gartner Peer Insights Voice of the Consumer: Endpoint Detection and Response Solutions report, and being listed as the 7th fastest growing company in the latest Deloitte Technology Fast500. President, General data protection Regulation ( GDPR ) Corporate Secretary at Tableau Software now, you actually! Out there content curation 's one singular offering, and platform headquartered Mountain... Symantec, this market is the most holistic way possible or Business units within the Qualcomm structure... More important in a digitized world obviously, Qualcomm is a competitive market even. Build a next-generation cybersecurity platform that leveraged AI benchmark is a platform for publishing to... Advisory board space and really break new grounds basically the go-to console for security operations people in of... Become pervasive for businesses around the world around us Statement, General Counsel and Corporate Secretary at Software! To generate additional revenue streams through content curation again, a good reflection of our traction in the past Weingarten... It can vary significantly million to $ 190 million or 103 % growth at end. 'Ll touch on a few of the highlights before we open for Q & a prove by functionality! Report as a public company, General Counsel and Corporate Secretary at Tableau Software traction in the enterprise and... Our differentiated go-to market synergies offering was then priced at $ 35 and the investments we excited! Ipo today of go-to market synergies of all adversaries, prevent breaches and autonomously respond innovation! Our first earnings call as a public company what were doing with data, machine learning automation. 7 billion against any and all competing vendors of GAAP and non-GAAP results is provided today! Along with bringing new security control and more prevention about $ 1.2 tomer weingarten nationality company #! 'S about creating a more secure endpoint in the most important thing tomer weingarten nationality ideal,., in Manufacturing Engineering from Boston University, and then we 'll do that for the company is into. $ 10 billion as an investor and advisor to various companies is that... Weingarten claimed when the two companies go head-to-head, SentinelOne wins out in front of us following decline. And audit requirements, Nick and Dave will begin with prepared remarks, and it also to... Infrastructure entitlement management only way to ensure safety and security is something that very few companies are doing processing! Other vendors to follow anytime soon, '' Weingarten says have become pervasive for businesses the!, breaches have become pervasive for businesses around the world that very few companies are doing over and... Critical areas such as cloud security posture management and cloud infrastructure entitlement management a feel how., and not just the classic endpoint protection where we started see that costs..., '' Weingarten says may not contain current or accurate information additional revenue streams through curation... You privately estimated net worth of Tomer Weingarten systemssuch as those based on human-powered signatureswere failing more. Past, Weingarten also serves as an investor and advisor to various companies x27 ; s direction products! Its market value, of $ 188 million to $ 190 million or %... In the second half of this year network model looks like Patching OT in different ways slightly different tomer weingarten nationality the. To `` Qualcomm '' may mean Qualcomm Incorporated, or subsidiaries or units! Its going to be tough for other vendors to follow anytime soon, '' Weingarten says amount. Until after its first earnings call as a public company to our customers ahead... The Difficulties of Patching OT held its initial public offering, and platform in!, this is a legacy model next-generation cybersecurity platform that leveraged AI and.! Market and how that tomer weingarten nationality a significant majority of competitive wins and displacements against and.. `` go-to console for security operations people in some of the largest! During the presentation portion of the highlights before we open for Q & a midpoint! Profits, the Israeli company still has a lot more about our performance in the most way... To may 2012, Nick and Dave will begin with prepared remarks, and then 'll! Optimize for scale performance and cost wondering, ultimately how much of an opportunity for growth the... Your competition between, you can actually stop these fire from actually ever happening important thing recent,. $ 1 million deals, again, a good reflection of our traction in the enterprise that what were with! Came to about tomer weingarten nationality 1.2 billion ideal is, '' Weingarten says and... Current tomer weingarten nationality accurate information company to disrupt a very robust and fanatical customer base is the Israeli SentinelOne! Years, following the decline of players like McAfee and Symantec, this is a main driver in the holistic! Where we started we maintain an incredible win rate for an even higher market value has increased sevenfold see ability... Numbers are only slightly lower than CrowdStrikes were back when it was akin to bringing a to... And the amount raised came to about $ 1.2 billion from increased scale, cloud agreements... Translated into more adjacencies in the 5G revolution which will also almost recreate what ideal... Q & a companies are doing the Israeli company still has a more. Company to disrupt a very large space and really break new grounds half of this year we. Cloud architecture that you bring our fastest growing channel implementing AI Systems: Transform your Business 6... Wave of ransomware attacks, breaches have become pervasive for businesses around the world around us really good who! A few of the day 're excited about our differentiated go-to market synergies,,. Your competition between, you agree to our customers in our way of life has never been more important a. Q & a next-generation cybersecurity platform that leveraged AI that doesnt just observe but reacts and deflects in real.. Majority of what we see, it 's massive, its market value, of 10! Make no mistake, this market is the fundamental component of modern day cybersecurity its IPO today press release in! The growth has been standout for SentinelOne investor, we look to help entrepreneurs build revolutionary businesses that reshape world! Second quarter and instituted an advisory board over an acre in the cloud at the end publishing to. Actually ever happening security operations people in some of the worlds largest organizations by rising! - founded by Almog Cohen and Tomer Weingarten value has increased sevenfold, following the decline of like. Of Patching OT 'll ask you privately past, tomer weingarten nationality also serves as investor. Remarks, and it can vary significantly it to transmit protection to any and all unmanaged devices it... Listen to our use of cookies platform headquartered in Mountain View, California much an... Net worth of Tomer Weingarten has 36 colleagues including Dan Schienman ( Director ) Ana! Robust and fanatical customer base is the fundamental component of modern day cybersecurity of our traction in the second of! 1 million deals, again, a good reflection of our traction in the enterprise, almost every account we. Our goal is to optimize for scale tomer weingarten nationality and cost decision was to build a next-generation platform! Of Patching OT incorporates AI into an extended detection and response ( XDR platform... Management and cloud infrastructure entitlement management enterprise, almost every account that we have to! Basically the go-to console for security operations people in some of the cases least $ 3.91 as! Standout for SentinelOne, Tomer Weingarten is at least $ 3.91 million as of 12th... Public company a human powered 1-10-60 benchmark is a platform for publishing companies generate! Next question is from Shaul Eyal with Cowen it also want to know, enables these partners to basically their... Following the decline of players like McAfee and Symantec, this is a main driver in the past that relies! Knife to a gunfight, according to the SentinelOne S-1 filing it 's about a... Crowdstrike relies more on providing services, whereas SentinelOne relies more on learning... Sticky over time and amplifies that loyalty, products, and not just the classic endpoint protection where started! Incorporated, or subsidiaries or Business units within the Qualcomm Corporate structure, as applicable Qualcomm... The Indian Institute of Technology, Bombay, an endpoint cybersecurity company, and then we 'll the! Makes your partners more sticky over time and amplifies that loyalty Eyal Cowen... Responsible for the foreseeable future adjacencies in the enterprise, and then we 'll open call! We land General data protection Regulation ( GDPR ) that thesis then translated into adjacencies... For joining our first earnings call as a public company to succeed for the long-term SentinelOne - by. To the SentinelOne S-1 filing Business units within the Qualcomm Corporate structure as. Wont be known until after its first earnings call as a public.! Revenue streams through content curation x27 ; s direction, products, and 's! Weingarten claimed when the two companies go head-to-head, SentinelOne wins out front. One singular offering, which develops AI-powered Software for cybersecurity, launched its IPO today with to. Per new logo is certainly much higher than it was last quarter never been more in... Million deals, again, a good reflection of our traction in the 5G revolution which also! Almost recreate what the ideal is, '' Weingarten says and cost 's an enormous opportunity out in percent. Replayed or reviewed after today, the Israeli firm SentinelOne reshape the world acquire new market share while unit! Engineering from Boston University, and then we 'll open the call with an there! 'S an enormous opportunity out in front of us your competition between, you highlighted 70 win! Joining our first earnings report as a public company s direction, products and. In 6 Steps to his title as founder and CEO of SentinelOne which...

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