In the latest development, a Mountain View-based Israeli enterprise startup called SentinelOne — which has created a machine-learning-based solution it sells under the brand name Singularity — works at the edge of the network to monitor and secure laptops, phones, and containerized applications. and many other devices and connected services—closed $267 million in financing to continue expanding its business to meet the demand that has seen a business boom this year.
Given the large sums the company has now raised — $430 million to date — the funding will likely be used for acquisitions (the cyber market is very crowded and likely to see strong consolidation in the coming years), as well as for further internal development and sales, and marketing.
SentinelOne contacted TechCrunch with some details, and it should be noted that this round was talked about almost a month in advance, although the amounts raised were much lower: reports were about 150-200 million dollars.
It looks like Sequoia – which is currently building a new European facility to take a closer look at opportunities on this side of the globe – is the only new name on the list. The others all backed SentinelOne in previous rounds.
The cybersecurity market, especially companies that provide solutions that can immediately prove effective in an increasingly sophisticated threat landscape—is incredibly active now, even more so than it was before.
“Around 450 cybersecurity companies are working in Israel, on behalf of 5% of the global cybersecurity market, and in approximately cyber segments, two of the world’s leaders are Israeli creators, such as CheckPoint and Palo Alto,” noted Avihai Michaeli, a consultant who researches startups for corporate VCs.
Read more news – Triller Was Increasing Public User Figure