SentinelOne raised $100 million to fund Scalyr deal
An SEC filing from earlier this year revealed that the Israeli-founded cybersecurity company raised the funds in February, the same month it bought Scalyr, a cloud-scale data analytics platform, for $155 million
Meir Orbach | 21:04 30.05.2021
Israeli-founded cybersecurity company SentinelOne raised $103 million in February of this year, a filing submitted with the U.S. Securities and Exchange Commission has revealed. The round was partially aimed to provide funding for the acquisition of U.S. company Scalyr, a cloud-scale data analytics platform, for $155 million, which was also announced in February. The round included Insight Partners as well as other of the company's existing investors. SentinelOne raised $267 million at a valuation of more than $3 billion last November. The round, the company’s sixth, was led by American venture capital firms Sequoia Capital and Tiger Global. SentinelOne, which develops artificial intelligence technology for identifying abnormal behavior in enterprise networks, boasts 4,000 global clients and employs around 600 people in its offices in Tel Aviv, the U.S., Europe, and Asia.