Insight Partners Backs SentinalOne in $200 Million Investment
The month-long Israeli investment spree of New York-based venture capital and private equity firm Insight Partners continues
Meir Orbach | 07:19 19.02.2020
The investment spree of New York-based venture capital and private equity firm Insight Partners continues. Insight has recently led a $200 million investment in Israel-linked cybersecurity company SentinelOne, incorporated as Sentinel Labs Inc., one person familiar with the matter told Calcalist Tuesday. This is not Insight’s first investment in the company. In June 2019, Insight led a $120 million round in the company, which brought its then-funding to $230 million. Back in June, SentinelOne did not disclose its valuation for the round, but co-founder and CEO Tomer Weingarten told Calcalist in an interview that it was nearing $1 billion. Now, this new round has given the company an estimated valuation of $1.1 billion, the person familiar with the matter said. $1.1 billion. Later that month, Calcalist reported that Insight was leading a round of between $100 million and $120 million for business intelligence startup Sisense Ltd., citing a source. Also in January, Insight bought a 10% stake in Israeli gaming company Moon Active Ltd. according to a company valuation of $1.25 billion. Insight opened a Tel Aviv office in October 2019, its first outside New York. It previously invested in Tel Aviv-based, Nasdaq-listed website building company Wix.com Ltd. Among Insight’s Israeli portfolio companies are cybersecurity company Checkmarx Ltd., Jerusalem-based content creation apps developer Lightricks Ltd., and team management and productivity startup Monday.com Labs Ltd. In Early 2019, Insight acquired the lion’s share of the portfolio of the fourth fund of Israeli venture capital fund Genesis Partners. In a February statement, Jeff Horing, Insight’s co-founder and managing director, said the acquisition indicated Insight’s commitment to regional innovation in Israel. SentinalOne has declined Calcalist’s request for comment.