SentinelOne, which provides an automated cybersecurity threat detection and response platform, filed on Thursday with the SEC to raise up to $100 million.
SentinelOne's Singularity Platform is an AI-powered extended detection and response platform, or XDR, that ingests, correlates and queries petabytes of structured and unstructured data from a range of external and internal sources to provide autonomous cybersecurity defense. The Singularity Platform can be deployed across Window, macOS, Linux, and Kubernetes systems in public, private, and hybrid clouds. The company claims to have successfully protected all of its customers during the recent SolarWinds Sunburst cyber attack. As of April 30, 2021, Sentinel One had over 4,700 customers, up from 2,700 a year prior.
The Mountain View, CA-based company was founded in 2013 and booked $112 million in sales for the 12 months ended April 30, 2021. It plans to list on the NYSE under the symbol S. SentinelOne filed confidentially on March 17, 2021. Morgan Stanley, Goldman Sachs, BofA Securities, Barclays, Wells Fargo Securities, UBS Investment Bank, Jefferies, and Deutsche Bank are the joint bookrunners on the deal. No pricing terms were disclosed.
