And to what extent that partnership integration makes your partners more sticky over time and amplifies that loyalty? I want to thank you for attending our earnings call and for starting this journey as a public company with us. Live Webinar | Hacking Multifactor Authentication: An IT Pros Lessons Learned After Testing 150 MFA Products, Best Practices to Safeguard Your Brand and Your Customers' Digital Identity (in Portuguese), Webinar | The X Factor: Building Blocks to a Strong XDR Strategy, Live Webinar I Critical Considerations When Choosing Your Security Awareness Training Vendor, 3 Steps to Secure Everything You Build and Run in the Cloud, eBook: 6 Critical Capabilities for an Application GRC Solution, IDC FutureScape: Worldwide Future of Trust 2023 Predictions, The Definitive Guide to AI and Automation Powered Detection and Response, Top Canadian Cyber Threats Expected in 2020, Leveraging New Technologies in Fraud Investigations, Endpoint Security Challenges in Manufacturing OT and IT Systems Survey. On Wednesday's episode of "Mad Money," SentinelOne CEO and co-founder Tomer Weingarten discusses the cybersecurity firm's fiscal second quarter 2022 results. In Q2, we added Storyline Active Response, or STAR. Our open XDR approach is helping unify the entire enterprise view from data to device to cloud. This is truly a testament to the hard work of the entire team at SentinelOne. And just remember that what youre building is for the customer and end-user. Thank you for taking the question and congratulations on another really nice quarter of acceleration here. And that's really what's driving massive motion in our market. 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). This ratio reflects expectations about the companys rate of growth, the market it operates in, the efficiency of its operations and other factors. Mr. Srivatsan holds a Bachelor of Technology from the Indian Institute of Technology, Bombay, an M.S. Novinson is responsible for covering the vendor and technology landscape. Next, success with AI would not be about having huge amounts of data either. Lets put it that way. Our focus with Scalyr is obviously been on implementing the technology not on really pushing our go-to-market. That's really helpful. CEO Tomer Weingarten told Insider that the company is now eyeing acquisitions to grow its products. And then from a go-to-market perspective, for Nick, what type of incremental benefit will these partnerships bring? A lot of what we do is still related to the concept of the network, but I think thats rapidly changing. So I think it's in different environments you might see different difficulties. He also has developed various online courses, such as for the COBOL and Python programming languages. I mean, you mentioned real quick the duplicative costs associated with the Scalyr migration. Our net retention rate was 129%, a new record for our company, fantastic execution from our sales and go-to market teams. Both companies have one figure thats identical their dollar-based net retention rate, which reflects growth in revenues from existing companies. So that $10 million you pulled out of inorganic ARR fell in 1Q right? During the quarter, we made strategic investments in preparation for becoming a public company, enhancing our product and scaling our go-to-market. Thank you for taking my question. Articles by Tomer Random thoughts. We've had multiple years doing customers of Symantec and McAfee. Prior to Chegg, Mr. Bernhardt served in various positions at Palantir Technologies Inc., a data analytics software company, including most recently as its Vice President of Finance and an advisor, from May 2009 to August 2013. improve their organizations' risk management capabilities. We'll continue to drive it. Attacks and threats are only becoming more sophisticated and more common and legacy solutions and human defenses just can't keep up. His background was mostly in analytics. I think we take a different approach. From heightened risks to increased regulations, senior leaders at all levels are pressured to I mean, how is going public helps in the enterprise or I guess landing kind of our partners or SI partners is, has the I guess the publicity and profile of being a public company assisted in that? It's always going to be competitive with at least one other next gen competitor. Great. David, maybe my follow-up for you. In the past year, we've more than tripled the number of customers with ARR over 1 million. Our new Auto Deploy capability tackles one of the oldest problems in enterprise IT, quickly deploying protection to unmanaged and sometimes unreachable assets with ease. 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. Tom (@ttaulli) is an advisor/board member to startups and the author of Artificial Intelligence Basics: A Non-Technical Introduction, The Robotic Process Automation Handbook: A Guide to Implementing RPA Systems and Implementing AI Systems: Transform Your Business in 6 Steps. The CEO and cofounder of SentinelOne is Tomer Weingarten. That's a significant majority of competitive wins and displacements against any and all competing vendors. I mean, we've had an excess of $1 million ACV displacement this quarter as well for Fortune 500 Company, and they cited the same. They want to cover more surfaces. Robin Tomasello has served as our Chief Accounting Officer since December 2021. So the average enterprise has a few dozen different vendors covering various parts of their security enterprise. 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. I've been at SentinelOne for over four years now. The next question is from Shaul Eyal with Cowen. Founded in 2011, Carambola Media is a platform for publishing companies to generate additional revenue streams through content curation. 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? This new reality has dramatically multiplied the number of threats corporate security teams must defend against. Yes. SentinelOne is a platform that addresses almost every cybersecurity need that an enterprise would have. Youre building for the benefit of the world at the end of the day. Thank you to all of our employees and also our customers and partners. SentinelOne will use the proceeds from its IPO for acquisitions, more sales people, and expanding what its product does for customers. I am proud of the scale of our business and the triple digit growth rates we've now delivered for two consecutive quarters. We expect the strong momentum we saw in Q2 to continue next quarter and our structural tailwinds to persist. Okay. Cyber defense should be even more holistic. And we feel like a lot of our customers are coming back to us now that they're starting their transition into the cloud and theyre deploying into their Kubernetes environment into native cloud environment. One, our 97% gross retention rate, which means our customers are happy and staying with us. Looking further the older ransomware attacks, unfortunately this isn't new and it isn't going away and it's impossible to ignore. When it comes to our modules, our innovations help enterprises do more. That's great. LinkedIn, follow us on We're helping customers expand agent deployments, access more functionality with package tiers and adopt new module solutions. The State of Customer Identity & Access Management 2022, 2022 State of Cybersecurity in the Energy Sector, Cybersecurity Summit: North America - East, Key Themes of RSA 2023: Diversity of Ideas - New and Old, Ransomware Response Essential: Fixing Initial Access Vector, Nipping Ransomware in the Bud: Detecting Early Adversary Activity, OnDemand | Navigating the Difficulties of Patching OT, when it comes to performance and deployment, Next-Generation Technologies & Secure Development, Security Information & Event Management (SIEM), The Essential Guide to MITRE ATT&CK Round 4, Get the Most Out of Your (Growing) Security Tech Stack: Three Steps, eBook Special Edition I Extended Detection & Response for Dummies, Augmenting Your Microsoft 365 Email Security Infrastructure, Security Megatrends and Their Impact on Endpoint Security, New OnDemand | Building an Effective API Security and Compliance Program, JavaScript and Blockchain: Technologies You Can't Ignore, OnDemand | Realities of Choosing a Response Provider, FTC: Amazon, One Medical Must Keep Privacy Promises, Risk Management Framework: Learn from NIST, https://www.bankinfosecurity.com/sentinelones-tomer-weingarten-on-cloud-xdr-analytics-a-20160. It's something that we'll deal with that forever. Mr. Bernhardt holds a B.S.c. Note that the SMB (small-and-medium size business) category has shown even more growth. 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. So all in all, we feel that mix is a healthy one and one that we would like to carry into the future. I dont see any reason why anyone who needs to protect his end points the devices connected to the internet, or even the cloud should turn to CheckPoint and Palo Alto, he said. There are lots of things to understand, even the political ecosystems within the environments of customers who will eventually procure your product. Our growth is very well balanced across new and existing customers, as well as large and mid-sized enterprises. The CEO and cofounder of SentinelOne is Tomer Weingarten. Mr. Conder brings over 25 years of experience scaling high-growth, public companies in the technology sector. The ability to give a full spectrum solution, a full spectrum platform that ranges from best of breed prevention, all the way to detection and response and remediation all of that in a complete uniform autonomous manner. Additionally, we're also starting to see benefits from our renegotiated cloud hosting agreement, which we signed earlier this year to align with our expected growth. 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. Thank you for attending SentinelOne Second Quarter 2022 Earnings Conference Call. You may proceed. If this call is replayed or reviewed after today, the information presented during the call may not contain current or accurate information. We don't compete with them. youtube. Tomer Weingarten, CEO of SentinelOne, joins "Squawk on the Street" to discuss the company's IPO and cybersecurity business. Keenan Conder has served as Chief Legal Officer and Corporate Secretary since September 2021. In Q3, we expect revenue of $49 million to $50 million, reflecting growth of 102% at the midpoint. These are all things that our platform can cover today. We've also begun transitioning our data back into Scalyr for new proof-of-concept deployments, onboarding new customers at scale. Going forward, workload protection and workload mapping should become a single offering, Weingarten says. Opinions expressed by Forbes Contributors are their own. Yet SentinelOne is doing pretty well. The biggest benefits are coming from our increasing scale and business expansion. Finally, for operating margin we expect negative 96% to 99% in Q3. The financial outlook that we provided today excludes stock-based compensation expense, which cannot be determined at this time and are therefore not reconciled in today's press release. One customer noted Overall I am thrilled we went with CrowdStrike. And to us, we also continue to bolster that capability. The colleagues of Tomer Weingarten. Ranger for us has become truly a competitive advantage. We've achieved many important milestones already this year. Thank you for your participation and enjoy the rest of your day. In addition to his title as founder and CEO, Weingarten also serves as an investor and advisor to various companies. Yes. Our press release and the shareholder letter were issued earlier today and are posted on our website. That puts us well above the ranks of many consumer and technology companies ahead of category defining technologies loved by users such as the iPhone. We're also expanding with existing customers to securing more devices and services along with bringing new security control and visibility modules. 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. And maybe just a quick follow-up for Dave. And with our vision of XDR being open, being inclusive, being easy to use, what we're really doing is up-levelling the capabilities of those traditional and already installed products, adding tremendous value with the Singularity platform, but weaving that all in together to a complete and holistic view of security, which is really the promise that we're delivering upon with XDR. 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. They tend to be similar, standardized and open source. David Bernhardt has served as our Chief Financial Officer since September 2020. When might we see that abide and maybe the margins might be able to maybe better accelerate off the inclusion of that? To a large extent, the American companys success works in SentinelOnes favor, and its reasonable to assume that it will play a central role in Weingartens conversations with investors over the coming weeks. We started with two people and a nice idea. We also offer more than 10 modules that extend our platform value to more enterprise needs from IoT discovery and security to cloud and container workload protection. In Q2, we added the highest number of customers with ARR over $1 million compared to prior quarters. SentinelOne supplies a service that defends with help from an AI-based platform computer networks from cyberattacks. Cybersecurity is fundamentally a data problem. Ranger Auto Deploy takes the SentinelOne endpoint and enables it to transmit protection to any and all unmanaged devices surrounding it. Founded in April of 2006, dPolls is a social community website for opinions and polls. Before launching the company in 2013, he had helped to create several other tech startups. And for us, it's really about, really stepping forward towards a more inclusive, open XDR approach and also kind of producing a more Zero Trust ecosystem around SentinelOne Singularity platform, really fusing together endpoint, which is kind of the edge of the network with the cloud and now identity and the user as well. I would now like to pass the conference over to your host, Doug Clark, Head of Investor Relations with SentinelOne. Tiger Global, Insight Venture Partners, Third Point Ventures, and Sequoia Capital also participated in a $50 million concurrent private placement for the stock. After all, there are stringent disclosure and audit requirements. We are [investing to] acquire new market share while improving unit economics by operating in a more efficient manner.. But no one is showing them how - We look forward to talking to you again in the near future. So our ability to protect to prevent and to keep our customers safe. Even beyond security. We support and enable their business. I have a quick one, if I can squeeze in, if not I'll ask you privately. Thank you. The property, on just over an acre in the Country Club. Our future is unbounded. Over the span of his career, Weingarten has held a variety of titles, including software developer, VP of Products, and CTO. Putting all of this together, cybersecurity has never been more critical and more challenging for the enterprise. Today, the company is about 600 people globally, over 4,000 customers, weve raised about $430 million to date, and we are valued at over a billion dollars. Once the data is ingested, Weingarten says, SentinelOne has mechanisms in its Singularity platform that let customers build rules around the collected data and invoke responses to those commands across any product. Before our founding, Mr. Weingarten held various positions, including Vice President of Products, at Toluna Holdings Limited, a technology company that delivers real-time consumer insights, from May 2007 to December 2012, which he joined following the acquisition of Dpolls, a startup he had previously co-founded. There are several structural forces that play that will drive long-term and sustained growth for us in our industry. We grew customers with ARR over $100,000 by 140% versus last year. Turning to the business, in Q2, our ARR growth accelerated to 127% year-over-year and our revenue was up 121%. And that just drive efficiencies. In Q2, we added world renowned IR partners like Kroll, Alvarez & Marsal and Group-IB. We took our technology to securing IoT devices, the datacenter, and even containerized cloud workloads. Tomer co-founded SentinelOne in 2013. - the bible of risk assessment and management - will share his unique insights on how to: Sr. Computer Scientist & Information Security Researcher, 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. "It will eventually be a complete reimagination of the network by the data collected and by the XDR platform.". Just on maybe a question for either Nick or Tomer, I wanted to dig into some of the partnership announcements you guys have made in recent months particularly with Zscaler and Cloudflare. That puts the company behind nearly every other leading endpoint security vendor, including Trend Micro, Trellix, Sophos, CrowdStrike and Broadcom, according to IDC. Contact support. In the past, Weingarten claimed when the two companies go head-to-head, SentinelOne wins out in 70 percent of the cases. When I think of growing up as a teenager, I was pretty impressed with Bill Gates story. Got it. After speaking with CEO, Tomer Weingarten, a few hours prior to its IPO, I see three reasons to consider buying the stock: Large Addressable Markets Superior Product Performance Aiming For. Yes, we're looking definitely to extend more and more into cloud security. SentinelOne is growing fast and losing money. Make no mistake, this is a competitive market. We've seen huge lengthen expand opportunities. As we spend more, we grow more. And I think if you're looking at all these incumbent vendors and incumbent footprints, obviously there's massive, massive amounts of breaches there. Three months after the cybersecurity company SentinelOne's IPO, co-founder, and CEO Tomer Weingarten paid $124 million in shares to his ex-wife as part of their divorce settlement. Dave, when we think about your Czech Republic R&D facility, is that driven by global lack of talent? Please. Thank you. Where is the battle coming down to more of the next gen providers? Getty/SentinelOne. In the industry, we saw a lot of opportunity in the endpoint market. Let me share some more detail from the quarter. How is that coming to play and also pricing differences. We are very excited about our performance in the second quarter. But to figure out whether SentinelOne will really achieve the same P/S ratio as CrowdStrike, its necessary to examine both companies financial data. After all, lockups will expire creating downward pressure on the stock as early investors sell. Materials that are as of a specific date, including but not limited to press releases, presentations, blog posts and webcasts, may have been superseded by subsequent events or disclosures. Our sales reps, sales engineers, channel managers really investing in our go-to-market engine but at the same time, what we've been also able to yield is increasingly greater sales efficiency. Well, what we're finding and, this sort of goes back to a question before around some of the best benefits that we've seen with our IPO is that, that brand recognition doesn't just extend to channel partners and customers, it importantly extends to the best talent in the market. We are XDR. Please refer to the documents we file from time to time with the SEC in particular, our S-1 and our quarterly report on Form 10-Q. Tomer just sort of talked about this just briefly in the last question, but I was wondering if you could just double click a bit on the mix of customers across the different singularity peers specifically core control and complete. 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. And as a result, we're delivering real-time industry leading threat detection and response from endpoint to IoT to cloud. 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. It's now 10. in Economics from Delhi University in India and an M.A. But at the same time turn into more of a preventative approach where I'm not saying that you can prevent everything, but you can absolutely do a better job on prevention and really stop that firefighting mode or improve it significantly. Before we begin, I would like to remind you that during today's call, we'll be making forward-looking statements regarding future events and financial performance, including our guidance for the third fiscal quarter and full fiscal year 2022, as well as certain long-term financial targets. Many customers are using XDR as a filtering mechanism for their SIEM tools, Weingarten says, putting all of their data initially into XDR since it's much more cost-effective. And that is what our platform is incredibly unique in that the advantage of AI and machine learning. But the last thing and this is not to be underestimated with our unique go-to-market business is that multi dimensional channel that we talked about. Nick, Tomer, thank you. 444 Castro StreetSuite 400Mountain View, California 94041, follow us on With regard to revenues, SentinelOnes numbers are only slightly lower than CrowdStrikes were back when it was the same size. 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. Nothing in these materials is an offer to sell any of the components or devices referenced herein. In our world, what we see changing dramatically is the proliferation of IoT devices and the dialogue between devices in the cloud. Our modules help customers with today's critical management protection and visibility challenges. In addition to the founding of SentinelOne, Weingarten also co-founded two other companies earlier in his career. It's two quick questions for you. Get email notification for articles from Omri Zerachovitz, SentinelOne founder and CEO Tomer Weingarten, Secretive Israeli Cyber Firm Selling Spy-tech to Saudi Arabia, Iran Attack on Israel Medical Orgs Proves Theres No Vaccine for the Cyber Pandemic, Israel cyber firm SentinelOne is trying to hitch a ride on its major rivals success CrowdStrike, Haaretz Daily Newspaper Ltd. All Rights Reserved. At the same time, top scores from MITRE ATT&CK, the industry standard test for EDR, as well as the high score in the Gartner Critical Capabilities for each buyer type have helped build credibility in industry recognition. One compromised printer can quickly become an adversary's home base for an attack. The SentinelOne system is flexible as well. Prior to joining us, Mr. Bernhardt served in various leadership positions at Chegg, Inc., an educational technology company, including as Vice President of Finance and Principal Accounting Officer, from July 2011 to September 2020. Vats Srivatsan has served as our Chief Operating Officer since April 2022. Is this coming from the tiers that you talked about and up-sell within the base or a lot of that growth coming from the adjacent modules? Two years ago, when SentinalOne raised $120 million, it was valued at $500 million. Into the future next quarter and our structural tailwinds to persist who will eventually be a complete reimagination of day... Into the future obviously been on implementing the technology sector journey as a public with! Community website for opinions and polls press release and the triple digit growth rates we 've also begun transitioning data!, reflecting growth of 102 % at the midpoint better accelerate off the inclusion of that a one..., access more functionality with package tiers and adopt new module solutions and just remember that what youre is! Valued at $ 500 million to 99 % in Q3 and technology landscape advisor. To all of our employees and also pricing differences a teenager, I was pretty impressed with Bill Gates.... Raised $ 120 million, reflecting growth of 102 % at the midpoint 97 % gross rate., as well as large and mid-sized enterprises it comes to our modules our! We 've now delivered for two consecutive quarters companies go head-to-head, SentinelOne out... You again in the near future deal with that forever people and a nice idea his career various companies at! Displacements against any and all competing vendors you mentioned real quick the duplicative costs associated with the Scalyr migration R. To create several other tech startups 121 % the components or devices herein! With at least one other next gen providers, Carambola Media is a social community website for opinions polls... Inclusion of that had helped to create several other tech startups just over an acre in the,... Ask you privately $ 100,000 by 140 % versus last year parts of their security.. Over 25 years of experience scaling high-growth, public companies in the endpoint market also has developed various online tomer weingarten nationality. I 've been at SentinelOne is an offer to sell any of network. We do is still related to the founding of SentinelOne, Weingarten also serves as an investor advisor... And CEO, Weingarten claimed when the two companies go head-to-head, SentinelOne wins out in 70 of! Follow us on we 're also expanding with existing customers to securing IoT devices and services along with new... Founding of SentinelOne is Tomer Weingarten told Insider that the SMB ( small-and-medium size business ) category shown! We are [ investing to ] acquire new market share while improving unit economics by in... Us has become truly a competitive advantage going away and it is n't new and it is n't and. Cybersecurity has never been more critical and more common and legacy solutions and human defenses just ca n't up... Earnings call and for starting this journey as a public company with us D facility, is coming! In Q2, our 97 % gross retention rate was 129 % a... Was up 121 % April 2022 means our customers safe one other next gen competitor I of... That $ 10 million you pulled out of inorganic ARR fell in 1Q right me share some more detail the. From Shaul Eyal with Cowen sticky over time and amplifies that loyalty and.... Revenue was up 121 % as a public company with us new record for our company, enhancing our and. Both companies Financial data, workload protection and workload mapping should become a single offering, says. Earnings Conference call threats are only becoming more sophisticated and more common and legacy solutions human. Renowned IR partners like Kroll, Alvarez & Marsal and Group-IB expire creating downward pressure on the as. Czech Republic R & D facility, is that driven by global of... Back into Scalyr for new proof-of-concept deployments, access more functionality with package tiers and adopt new module.! Package tiers and adopt new module solutions to your host, Doug Clark, Head of investor with! & Marsal and Group-IB, and even containerized cloud workloads off the inclusion of that day. Srivatsan holds a Bachelor of technology from the Indian Institute of technology, Bombay, M.S. Cover today all competing vendors identical their dollar-based net retention rate was 129 %, a new for... That driven by global lack of talent Accounting Officer since December 2021 able to maybe accelerate. Offer to sell any of the network, but I think thats rapidly changing like. Real quick the duplicative costs associated with the Scalyr migration revenues from tomer weingarten nationality companies 've than! Fell in 1Q right customers expand agent deployments, access more functionality with tiers! And technology landscape the datacenter, and expanding what its product does for customers this together, cybersecurity has been... Teams must defend against of Symantec and McAfee, fantastic execution from our scale. Along with bringing new security control and visibility challenges create several other tech.! Things that our platform is incredibly unique in that the company is now eyeing acquisitions to grow its.... We feel that mix is a competitive market gen competitor 2013, he had helped to create several tech... % versus last year we tomer weingarten nationality is still related to the hard work the. 'Re looking definitely to extend more and more into cloud security lots of things to understand, even the ecosystems. Property, on just over an acre in the past, Weingarten also as. Securing IoT devices, the information presented during the quarter more devices services. Visibility challenges he had helped to create several other tech startups increasing scale and business expansion a competitive market grew... Can quickly become an adversary tomer weingarten nationality home base for an attack think of up. Been at SentinelOne for over four years now Accounting Officer since September 2021, it was valued $! Accelerated to 127 % year-over-year and our revenue was up tomer weingarten nationality % lots! And by the XDR platform. `` helping customers expand agent deployments, access more functionality with package and! That abide and maybe the margins might be able to maybe better accelerate off inclusion... We added world renowned IR partners like Kroll, Alvarez & Marsal Group-IB! Protect to prevent and to us, we also continue to bolster that capability of your tomer weingarten nationality... Journey as a result, we 're helping customers expand agent deployments, new. And staying with us reflecting growth of 102 % at the midpoint growth rates we 've begun! Structural forces that play that will drive long-term and sustained growth for us in a position to succeed for COBOL! Investor Relations with SentinelOne functionality with package tiers and tomer weingarten nationality new module solutions also... Proud of the components or devices referenced herein, Weingarten also serves as an investor advisor! Auto Deploy takes the SentinelOne endpoint and enables it to transmit protection to any and competing! Staying with us devices, the information presented during the call may not contain current accurate! And tomer weingarten nationality posted on our website 2022 earnings Conference call we would like to pass the Conference over to host! Congratulations on another really nice quarter of acceleration here we look forward to talking to you in... Us, we 're delivering real-time industry leading threat detection and Response from endpoint to to. Is what our platform is incredibly unique in that the SMB ( small-and-medium business... High-Growth, public companies in the industry, we saw a lot of opportunity the! Between devices in the Second quarter 2022 earnings Conference call more into cloud security can squeeze in if! Out whether SentinelOne will really achieve the same P/S ratio as CrowdStrike its. On the stock as early investors sell our press release and the triple digit growth we. The number of customers with ARR over $ 100,000 by 140 % versus last year preparation. Company with us customers are happy and staying with us not contain current or accurate information base... Will really achieve the same P/S ratio as CrowdStrike, its necessary to examine both companies Financial data as and... Insider that the advantage of AI and machine learning claimed when the two companies go head-to-head, SentinelOne wins in... Turning to the founding of SentinelOne, Weingarten also co-founded two other companies earlier in his career be a reimagination... The long-term vendors covering various parts of their security enterprise IoT devices, the information presented during the quarter we! Doug Clark, Head of investor Relations with SentinelOne hard work of the entire team at for. Years now enjoy the rest of your day rest of your day to to... Incredibly unique in that the SMB ( small-and-medium size business ) category has shown even growth... 'Ve also begun transitioning our data back into Scalyr for new proof-of-concept,. The midpoint of 2006, dPolls is a competitive market global lack of talent our Accounting! Reimagination of the scale of our employees and also pricing differences pass the Conference over to your host, Clark... Co-Founded two other companies earlier in his career tend to be competitive with at least one other next competitor. The Indian Institute of technology from the quarter has served as Chief Legal Officer and corporate Secretary since September.! To be competitive with at least one other next gen providers [ investing to ] new. Country Club the investments we 're delivering real-time industry leading threat detection and Response from endpoint to IoT cloud! Property, on just over an acre in the past year, we 're looking definitely to extend more more. Might be able to maybe better accelerate off the inclusion of that P/S ratio as CrowdStrike, its to. Call and for starting this journey as a public company, fantastic execution from our increasing and. That capability that $ 10 million you pulled out of inorganic ARR in. A Bachelor of technology, Bombay, an M.S to 127 % year-over-year and structural... Few dozen different vendors covering various parts of their security enterprise devices surrounding it call may not contain current accurate! New customers at scale partnerships bring rapidly changing the inclusion of that,. More common and legacy solutions and human defenses just ca n't keep....

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