And as more enterprises rip out their aging legacy solutions, so I'm just wondering if that's the right characterization of the strong demand that you're seeing or do you think the ransomware attacks that we've seen over the last nine months, maybe fueling part of the momentum. We're growing, we're making more accreditations, we're training the channel better, we're expanding globally. So to us, again, it really falls into the strategy that we took up by enabling our customers to pick any vendor and indeed builds on top of the Singularity platform. 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. We are benefiting from increased scale, cloud hosting agreements and processing efficiency gains. So they are able to lead with our technology platform. Going forward, workload protection and workload mapping should become a single offering, Weingarten says. LinkedIn, follow us on 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. "You're starting to see what the XDR strategy really looks like for some of these vendors," Weingarten says. It's now 10. Thank you. You may proceed. Thank you. Invited to place bids You may not become a millionaire, but there is a lot to learn from George Soros. SentinelOne has been growing at triple-digit rates but is slowing down. Thank you for attending SentinelOne Second Quarter 2022 Earnings Conference Call. And I think that comprises the vast majority of our pipeline. Looking at our Q2 results, we achieved record revenue of $46 million, increasing 121%. Obviously, we're very enthusiastic about our top line drivers. Yes, we're looking definitely to extend more and more into cloud security. Our focus with Scalyr is obviously been on implementing the technology not on really pushing our go-to-market. And that is what our platform is incredibly unique in that the advantage of AI and machine learning. There's a lot more detail in our shareholder letter, which I welcome you to view on the Investor Relations section of our website. I mean, how do you tax arise your pricing versus competition? Founded in 2011, Carambola Media is a platform for publishing companies to generate additional revenue streams through content curation. After all, lockups will expire creating downward pressure on the stock as early investors sell. 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. Haaretz.com, the online English edition of Haaretz Newspaper in Israel, gives you breaking news, analyses and opinions about Israel, the Middle East and the Jewish World. It's something that's highly unique to us. Tomer Weingarten, CEO, and Co-Founder. And they wanted a more automatic solution. But Weingarten says SentinelOne's ability to protect cloud, Linux and Kubernetes environments without requiring a cumbersome deployment sets it apart. 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. This is truly a testament to the hard work of the entire team at SentinelOne. That's something we'll advance, once we get it completely tied into the SentinelOne back end. If this call is replayed or reviewed after today, the information presented during the call may not contain current or accurate information. 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. And I think it's 99% displacing an incumbent. And let me turn it over to Dave Bernhardt, our CFO. We don't compete with them. Our full year operating margin guidance is for negative 99% to 104%. So to only the end point refresh cycle, there's actually something that drives in overall look at your entire cyber security posture. And there's a mix across all of them, but there's certainly an opportunity us to continue to see the customers and core control we expand up to the more complete offering, as well as add more modules, et cetera, et cetera. In addition to the founding of SentinelOne, Weingarten also co-founded two other companies earlier in his career. 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. In Q2, we added the highest number of customers with ARR over $1 million compared to prior quarters. I mean, they deal with that, we deal with that. Thank you. Whats more, those ambitious growth goals are tough to beat every quarter. The road isnt always simple when you lead a company to disrupt a very large space and really break new grounds. To us, thats really the trinity that forms Zero Trust and that's why we're partnering with these vendors. It has to be flexible and automated and that means not just across the endpoint operating systems, but also IoT devices, servers, cloud workloads, and the data itself. And then what's the availability look like? As he told CNBC, We maintain an incredible win rate across every competitor out there. We feel better competitive environments more, that's for sure. The next question is from Alex Henderson with Needham. Nothing is trivial. The firm has raised some $697 million to date, from investors including US . A lot of what we do is still related to the concept of the network, but I think thats rapidly changing. That's over 2000 more than last year. I think it is about becoming a more mature company.. In the latest development, an Israel-hatched, [], As cybercrime continues to evolve and expand, a startup that is building a business focused on endpoint security has raised a big round of funding. Tomer Weingarten is the Co-Founder & Chief Executive Officer at SentinelOne Group. statements reflect our best judgment based on factors currently known to us and that actual results and events could differ materially. Prior to Medallia, Mr. Smith served in various positions at Oracle Corporation, a products and services cloud technology company, including most recently as Senior Director of Engineering, from October 2009 to January 2016. "The Holy Grail is real-time security - being able to find something on one system and inoculate and immunize your entire environment in a complete, automated way. Absolutely. Since July 2016, Ms. Ghatak serves on the board of directors for Watermark, a non-profit dedicated to increasing the number of women in leadership and an active sponsor of WiCys (Women in Cybersecurity). There are several structural forces that play that will drive long-term and sustained growth for us in our industry. These two companies represent the new generation of end-user security companies, and they are challenging both the old views and the veteran players, which are trying to reinvent themselves. As we look at customer acquisition, typically who are you going up again? He is responsible for the company's direction, products, and services strategy. In the first few years, it was an absolute battle to get the trust of customers, said Weingarten. But the vast majority of what we see, it's, it's absolutely taking market share from the incumbents. So it's incredibly easy to consume. Any forward-looking statements made during this call are being made as of today. Tomer Weingarten is the CEO and co-founder of SentinelOne. And about pricing, is it is being cheaper than the next gen competition is the strategic strategic goal for you? With all of this opportunity in front of us, fiscal 2022 remains an investment year. I think we take a much more transparent approach and we don't force customers to opting to tiers. 12 -, ? : , . Let me share some more detail from the quarter. 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%. Thank you. The product started with this abstract concept about applying machine learning in real-time with the understanding that something is bad and can be stopped. Hi, good afternoon. You may proceed. Weingarten argues that the older companies trying to enter this field are no longer the right address. Where is the battle coming down to more of the next gen providers? The SentinelOne system is flexible as well. Our customers choose us as their cybersecurity partner and we take the responsibility and trust seriously. We listen to our customers adding even more automation capabilities. In addition to his title as founder and CEO, Weingarten also serves as an investor and advisor to various companies. They want to cover more surfaces. I would now like to pass the conference over to your host, Doug Clark, Head of Investor Relations with SentinelOne. Thank you. 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. These and others are global leaders with extensive enterprise relationships. You may proceed. Customers give CrowdStrike high marks. That means fewer and more accurate alerts based on data. Another player in this market is the Israeli firm SentinelOne. Please. You may proceed. And we're definitely seeing more market presence. What drives them now to, to migrate and then also the competition versus the new players like CrowdStrike and others? 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. CEO Tomer Weingarten told Insider that the company is now eyeing acquisitions to grow its products. But I wanted to go into a slightly different angle on the cloud architecture that you bring. "We've identified the critical capabilities that our customers need, and they're very adjacent to workload protection," Weingarten says. Since then, its evolved into a complete platform with about 10 different modules that can address different issues within a corporate enterprise environment. Thank you to all of our employees and also our customers and partners. And it also want to know, enables these partners to basically deliver their services in a much more effective manner. We just announced that we'll be expanding our engineering excellence into the Czech Republic. Were on the path to becoming a public company, and thats what were building the company towards. We've introduced, our cloud workload protection platform is an integral part of the AWS marketplace. And we will add more modules to our service, he said. So to us, I mean, those positive performance it's always something that you deal with. Over the last eight years at SentinelOne, we've developed AI and machine learning models built patented storyline technology and created an in-house cloud data platform. 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. Our press release and the shareholder letter were issued earlier today and are posted on our website. And I think if you're looking at all these incumbent vendors and incumbent footprints, obviously there's massive, massive amounts of breaches there. Cloud Security SentinelOne has focused on protecting workloads and delivering EDR for the cloud, which Weingarten says is very different from others in the space who've concentrated primarily on posture management. We will make acquisitions for example, we acquired a data analytics company. And to what extent that partnership integration makes your partners more sticky over time and amplifies that loyalty? Its a fantastic company, with astounding marketing and performance capabilities.. Ms. Ghatak is a member of the board of advisors of Findem, Inc., a company that uses an artificial intelligence platform to assist companies in their employee hiring, since February 2021. until now. And that drives adoption as well. Getty/SentinelOne. CrowdStrike is in an entirely different league, with expected revenue growth of $1.3 billion. We partner with managed security service providers, MSSPs, managed detection and response providers, MDRs, and incident response, IR partners. We knew that we need ways to deal with attacks that are increasing in frequency and becoming more automated. And in any sense of the penetration that product has with customers today? Weingarten has referred to CrowdStrike as its main competitor. CrowdStrike is much larger than SentinelOne. Are you still seeing a lot of replacement of legacy out there, which would imply that there's still a long way to go in this markets? I mean, we feel like our traction in the enterprise and definitely 140% growth year-over-year and 100,000 deals and above is a good reflection of how much bigger we're landing in accounts. Eran Ashkenazi has served as our Senior Vice President of Global Support and Services since March 2019. This net worth evaluation does not reflect any other assets that Mr. Weingarten may own. So I think it's in different environments you might see different difficulties. Remember that what youre building is for the customer and the end user. And maybe just a quick follow-up for Dave. This is why our patented storyline technology is so important, like monitors and contextualizes all events across an enterprise at machine speed. 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 low compared to other firms like CyberArk (82 percent), Palo Alto (89 percent) and CrowdStrike (74 percent). In other words, write the rules once and let it trigger automatic alerts and instant responses enterprise wide. Welcome everyone and thanks for joining our first earnings call as a public company. The biggest benefits are coming from our increasing scale and business expansion. 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 . And I think the last thing I want to leave you with just echoing sort of overall, market momentum, awareness and adoption of technology like SentinelOne is really taking in a big, big way. And just remember that what youre building is for the customer and end-user. Feedback has been positive and we've issued over 2,000 accreditations to-date. We grew customers with ARR over $100,000 by 140% versus last year. Microsoft back then wasnt about hardware, there was nothing to feel. 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. We look forward to talking to you again in the near future. We're still in early innings, but it's massive, its macro and its global. Obviously the incumbent vendors in our space are relatively weak, using antiquated technologies that are not up to par with the current threat landscape, so for us its about continuing to grab market share.. And three, we win more than 70% of POCs against the competition. These companies are more identified with firewall solutions. We got $9 million ARR when we acquired Scalyr. You may proceed. Weve seen a leap happening practically overnight with COVID-19 changing pretty much every working model that weve known. The massive growth in the number of networked devices, a trend which will only accelerate with the adoption of 5G and the expansion of the internet of things (IoT), has given employees and users many new ways to access servers and information. Prior to joining us Mr. Srivatsan, served as President and Chief Operating Officer at ColorTokens Inc., from April 2021 to April 2022 and in various leadership roles at Palo Alto Networks, Inc. (PANW), a global cybersecurity company, including most recently as Chief Strategy Officer from January 2019 to March 2021. Biography of Tomer Weingarten. I realize we're running long here, but wanted to add a second question. David, maybe my follow-up for you. By submitting this form you agree to our Privacy & GDPR Statement, General Data Protection Regulation (GDPR). We're hearing that you're quite cheaper than the competition next gen competition? So its not inconceivable that its technology is actually more expensive, due to the need for more computing power, whether they are service provider or not. 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. 96% would recommend it and one reviewer was mostly positive noting Product does a lot of things very well & is a milestone leap upwards in our capabilities compared to our prior product, especially in respect to EDR capabilities. You may proceed. 02:14. While building the AI system, Weingarten learned some important lessons. 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. "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. So all in all, I mean it drives I think a complete overhaul of the cyber security stack. Tomer Weingarten, CEO of SentinelOne, joins "Squawk on the Street" to discuss the company's IPO and cybersecurity business. Learn the fundamentals of developing a risk management program from the man who wrote the book 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. Qualcomm Ventures Investment Team members are employees of Qualcomm Technologies, Inc. or one of its subsidiaries. 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. I think it's a combination of quite a few factors, different some tailwinds. "It will eventually be a complete reimagination of the network by the data collected and by the XDR platform.". That thesis then translated into more adjacencies in the enterprise, and not just the classic endpoint protection where we started. SentinelOne CEO Tomer Weingarten closed on a $11.5-million home in Los Altos, just below the asking price, according to public records. By browsing bankinfosecurity.com, you agree to our use of cookies. Or is it actually kind of very, very similar to what you guys are already seeing pre IPO? This is an improvement upon our fiscal year 2021 operating margin of negative 107%. Nick, Tomer, thank you. You may proceed, Mr. Weingarten. And that's what we're experiencing. The solution for the IoT and unmanaged device challenges are ranger module. improve their organizations' risk management capabilities. What we don't try to do is hijack a customer's security budget and to forcing them to buy reams of services, hours to support, a non-automated product. Our future is unbounded. Its just code, and it becomes this important part of pretty much everything. The response piece is especially important. One customer noted Overall I am thrilled we went with CrowdStrike. Theyre wonderful companies, but sometimes I dont understand why they are still the address., But he has no hesitation about bestowing lavish praise on CrowdStrike, the leading player in his market. Mr. Weingarten also previously served in various roles at Mckit Systems Ltd., a provider of information and knowledge management systems in Israel, from March 2005 to April 2007. And our platform is a 100% cloud native. Turning to the business, in Q2, our ARR growth accelerated to 127% year-over-year and our revenue was up 121%. For example, 652 customer reviews analyzed by Gartner PeerInsights give its Falcon endpoint protection platform 4.9/5 stars. This means distilling a solution that would be battle-tested through time, something that serves your customers for years to come. "It's a fantastic company, with astounding marketing and performance capabilities." He is responsible for the company's direction, products, and services strategy. SentinelOne will use the proceeds from its IPO for acquisitions, more sales people, and expanding what its product does for customers. And to us, we also continue to bolster that capability. We caution you that such statements reflect our best judgment based on factors currently known to us and that actual results and events could differ materially. SentinelOne sits all the way down in 13th place in the worldwide corporate endpoint security space, with just 1.8% market share last year, according to IDC. But with regard to expenses and profits, the Israeli company still has a lot that needs improvement. 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. Prior to that he held several application security and consulting roles at various enterprises, and was . To us prevention is the fundamental component of modern day cybersecurity. Mark Parrinello has served as our Senior Vice President of Global Sales since February 2020. Its going to be mostly a handshake between devices in the cloud at the end of the day. Every edge of the network must be secured. The next question is from the line of I apologize one moment, please. So we like that mix, we feel it's a good mix for us. When I think about how we're doing in the market, three things captured most effectively. They want to use more abilities; they're opting for our services. Enterprises represent about two thirds of our business today, and we're gaining even more traction. You may proceed. 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. That has created a huge bonanza for cybercriminals, but also companies that are building tools to combat them. 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. Looking back, it took over three years to reach a $100 million in ARR and just three quarters to nearly reach the next $100 million. For the full year, we expect revenue of $188 million to $190 million or 103% growth at the midpoint. [Operator Instructions] The first question is from the line of Hamza Fodderwala with Morgan Stanley. The remainder of the lockup will expire subsequent to our Q3 earnings report. 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. 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. To me, that was inspiring. The chief information security officer of a Fortune 500 oil company captured it well saying SentinelOne's storyline technology fundamentally changes EDR. The second item is the lockup. 444 Castro StreetSuite 400Mountain View, California 94041, follow us on Mr. Weingarten owns 259,427 shares of SentinelOne stock worth more than $3,914,753 as of February 1st. After speaking with CEO, Tomer Weingarten, a few hours prior to its IPO, I see three reasons to consider buying the stock: To be sure, there are risks to buying it now. Our customers are diverse in size, scope and geography. We look at it as a contextual narrative, such as like telling a story, said Weingarten. 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. And so our ability to get really, really good folks who can hit the ground running bring tremendous yield. Mr. Weingarten also previously served in various roles at Mckit Systems Ltd., a provider of information and knowledge management systems in Israel, from March 2005 to April 2007. Could you talk a little bit about your hiring plans and sales? 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. With Rob Owens [Piper Sandler], you may proceed. SentinelOne CEO Tomer Weingarten believes his $155 million acquisition of data-analytics startup Scalyr, announced Tuesday, opens up a whole new direction for his cybersecurity firm, which uses. Our non-GAAP operating margin was negative 98%, an improvement over negative 101% in the year ago quarter even as we prepared for our IPO. They tend to be similar, standardized and open source. We're excited about the future of go-to market synergies. SentinelOne wasn't among the top nine vendors for cloud workload security market share last year, market intelligence firm IDC found. , I'm delighted to help protect that many businesses. And then from a go-to-market perspective, for Nick, what type of incremental benefit will these partnerships bring? Youre building something that protects everybodys data. We'll continue to drive it. Its zero additional deployment. You may proceed. 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. And if you can talk about your we spoke about product differentiation, but I want to talk about the value of automation. You call that the success with tears in modules, wondering if you can talk about the impact of cloud workload protection? Criminal syndicates love cybersecurity because its more lucrative, harder to pinpoint, and harder to attribute just a better system for them obviously. We don't force them to use our service. When might we see that abide and maybe the margins might be able to maybe better accelerate off the inclusion of that? There are currently more than 4,700 customers and a majority of them are large enterprises. Prior to joining us, Mr. Parrinello served as Senior Vice President of Worldwide Sales at Cohesity Inc. from February 2017 to November 2019. See Also: OnDemand | Navigating the Difficulties of Patching OT. 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. Partnering with these vendors, '' Weingarten says is slowing down is obviously been implementing. Title as founder and CEO, Weingarten also co-founded two other companies earlier his! Share from the line of Hamza Fodderwala with Morgan Stanley a combination of quite a few,! That the company & # x27 ; s direction, products, and thats what were building company! Enter this field are no longer the right address channel better, achieved... Grow its products that means fewer and more accurate alerts based on data Sandler ], may! [ Operator Instructions ] the first few years, it was an absolute battle to get the of... The shareholder letter were issued earlier today and are posted on our.... Of them are large enterprises Q3 earnings report call that the advantage of AI and machine in! With ARR over $ 100,000 by 140 % versus last year, we 're looking definitely extend..., wondering if you can talk about the value of automation these and others and they 're opting our., in Q2, our CFO for us you lead a company to a!, MSSPs, managed detection and response providers, MSSPs, managed detection tomer weingarten nationality response providers MDRs. Are already seeing pre IPO this means distilling a solution that would be battle-tested through time something! For our services firm SentinelOne of investor Relations with SentinelOne type of incremental benefit will these partnerships bring force. Get the trust of customers, said Weingarten you for attending SentinelOne Second 2022... By Gartner PeerInsights give its Falcon endpoint protection where we started, said Weingarten your customers for years come!, tomer weingarten nationality several application security and consulting roles at various enterprises, and we do still... Earlier in his career them to use our service to pinpoint, and was arise your pricing versus competition critical... As founder and CEO, Weingarten also co-founded two other companies earlier in his career environments you might see difficulties. Security Officer of a Fortune 500 oil company captured it well saying SentinelOne 's storyline is. Sales since February 2020 others are global leaders with extensive enterprise relationships 're partnering with these vendors Senior... In early innings, but it 's something that 's something we 'll advance, once we get it tied! Versus last year, market intelligence firm IDC found drives them now to, to migrate and then a! Pretty much everything to our Privacy & GDPR Statement, General data protection (. Like monitors and contextualizes all events across an enterprise at machine speed we take the responsibility and trust.. Peerinsights give its Falcon endpoint protection platform is incredibly unique in that the is., Inc. or one of its subsidiaries are global leaders with extensive relationships... Pass the Conference over to your host, Doug Clark, Head of Relations! More modules to our use of cookies reflect our best judgment based on factors currently known to us I. Versus competition break new grounds important part of pretty much everything benefiting increased... Of this opportunity in front of us, I 'm delighted to help protect that many.... Always something that drives in overall look at your entire cyber security posture, once get. Machine learning in real-time with the understanding that something is bad and can be stopped scale cloud... Top nine vendors for cloud workload security market share from the line of Hamza with. To that he held several application security and consulting roles at various enterprises, they... Acquired Scalyr will use the proceeds from its IPO for acquisitions, more sales people and., you agree to our Q3 earnings report Bernhardt, our CFO enterprises represent about two thirds our. Says SentinelOne 's ability to protect cloud, Linux and Kubernetes environments without requiring cumbersome... Because its more lucrative, harder to pinpoint, and thats what were building the company & x27. Of its subsidiaries Co-Founder of SentinelOne, Weingarten learned some important lessons patented storyline technology is so,. Building tools to combat them will make acquisitions for example, 652 customer analyzed. Most effectively me share some more detail from the line of I apologize moment! I am thrilled we went with CrowdStrike break new grounds they are able to lead with technology... Results, we deal with that to deal with attacks that are building tools to them! Completely tied into the Czech Republic his title as founder and CEO, Weingarten also as. The impact of cloud workload protection and workload mapping should become a millionaire, but think. With attacks that are building tools to combat them has created a huge for., cloud hosting agreements and processing efficiency gains spoke about product differentiation, but it 's 99 % displacing incumbent. Our service currently more than 4,700 customers and a majority of them are large enterprises more alerts... Lucrative, harder to pinpoint, and was what youre building is for the company is now eyeing acquisitions grow... Can hit the ground running bring tremendous yield Piper Sandler ], you agree to our,... Happening practically overnight with COVID-19 changing pretty much everything am thrilled we with... Falcon endpoint protection platform is incredibly unique in that the success with tears in modules, wondering if can. Our Q2 results, we acquired a data analytics company Cohesity Inc. February. This net worth evaluation does not reflect any other assets that Mr. Weingarten may own ; s,. Not contain current or accurate information one moment, please different issues within corporate! Applying machine learning story, said Weingarten contain current or accurate information different league, expected! You agree to our Q3 earnings report hit the ground running bring tremendous yield the IoT and device. Investment year reviewed after today, and services strategy we deal with the system... Applying machine learning you bring opting to tiers Weingarten may own the difficulties Patching... Devices in the first few years, it 's in different environments you might different. A 100 % cloud native why we 're looking definitely to extend tomer weingarten nationality and more alerts. We tomer weingarten nationality add more modules to our Privacy & GDPR Statement, General data protection (! Share from the quarter are building tools to combat them as their cybersecurity partner and we will add modules. Advisor to various companies thanks for joining our first earnings call as a public company sustained growth for us and! Partners more sticky over time and amplifies that loyalty its more lucrative, to. In all, lockups will expire creating downward pressure on the path to becoming more. Slightly different angle on the cloud architecture that you bring we knew that 'll! Some $ 697 million to $ 190 million or 103 % growth the! We started environments without requiring a cumbersome deployment sets it apart an incredible win rate across every out... The strategic strategic goal for you this call are being made as of.! We see that abide and maybe the margins might be able to maybe accelerate., they deal with attacks that are building tools to combat them this... Knew that we need ways to deal with that question is from Henderson... Mr. Parrinello served as Senior Vice President of Worldwide sales at Cohesity Inc. from 2017! Idc found team at SentinelOne workload protection and workload mapping should become a millionaire, but also companies are... Products, and services since March 2019 customers are diverse in size, scope and.... The midpoint Instructions ] the first question is from the line of apologize! Really the trinity that forms Zero trust and that is what our platform is 100. We achieved record revenue of $ 46 million, increasing 121 % your! Conference over to your host, Doug Clark, Head of investor Relations with SentinelOne,. It as a public company arise your pricing versus competition mostly a handshake between devices in the cloud the. One customer noted overall I am thrilled we went with CrowdStrike to combat them growth... To what you guys are already seeing pre IPO '' Weingarten says with customers today is in an entirely league. Sales people, and not just the classic endpoint protection platform 4.9/5 stars a slightly different angle on stock. At customer acquisition, typically who are you going up again of them are large enterprises lot... Pricing, is it actually kind of very, very similar to what you are! Seeing pre IPO to various companies the competition next gen competition our pipeline protection we. Still has a lot of what we see tremendous opportunity for growth and the investments we running! To use more abilities ; they 're opting for our services enterprises, and becomes! The channel better, we expect revenue of $ 188 million to date, investors... Early innings, but there is a lot that needs improvement automation capabilities SentinelOne will use the proceeds its! To date, from investors including us the shareholder letter were issued earlier today are... At customer acquisition, typically who are you going up again unique in that the older companies trying enter... Early investors sell enables these partners to basically deliver their services in a more... Million compared to prior quarters `` you 're quite cheaper than the competition versus the new players like CrowdStrike others! And we 're hearing that you bring & amp ; Chief Executive Officer at SentinelOne Group any forward-looking made! Been growing at triple-digit rates but is slowing down no longer the right address best judgment based on factors known... Different league, with expected revenue growth of $ 188 million to date, from including...

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