Home News SentinelOne Expects To Raise 1 Billion Dollars In Its IPO

SentinelOne Expects To Raise 1 Billion Dollars In Its IPO

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SentinelOne, a cyber security company that develops AI-based endpoint security for all devices in a network has recently launched its IPO. According to the sources, the company is expecting to raise over 1 billion USD in its IPO, putting its valuation at around 10 billion dollars. Making it the most valuable cybersecurity IPO to date. After launching its IPO the company has also decided to go public.

When the company announced its IPO, it was expected that the company will raise 928 million dollars putting its valuation around 7 billion dollars. This drastic change in the valuation makes SentinelOne the most valuable cyber security IPO till now.

SentinelOne provides an AI-based machine- learning-solution that focuses on endpoint security and helps secure laptops, phones, and other devices from every type of attack in the threat lifecycle. Last year’s endpoint security solutions market was estimated to be 8 billion dollars but recently analysts have projected that it can go up to 18.4 billion dollars by 2024. 

SentinelOne has been expanding rapidly and has raised 267 million dollars on a 3.1 billion valuation. Growth last quarter was 116% and has a customer base of 4,700 customers. The company has an annual revenue of 161 million dollars. But, according to the sources, the company is still not profitable, in the last quarter the company posted a loss of 64 million dollars.

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