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SentinelOne, Inc. (NYSE: S) is a pioneering cybersecurity company that revolutionizes the economics of cyber attacks with its cutting-edge, platform-based approach. Founded in 2013 and headquartered in California, SentinelOne became a publicly traded entity in 2021. The company's flagship offering is the Singularity platform, a comprehensive solution that integrates next-generation endpoint protection with advanced endpoint detection and response features. This platform ensures that sophisticated and targeted cyber attacks are not only detected but also thwarted effectively.
At the core of SentinelOne's technology is a lightweight module that continuously scrutinizes suspicious patterns across various environments, including desktops, servers, critical infrastructure, and embedded systems. Upon identifying any malicious activity, the module triggers automated responses to neutralize threats swiftly, immunizes other endpoints, and restores systems to their pre-attack conditions.
SentinelOne has achieved a significant milestone as the first and only next-generation endpoint protection solution to receive certification from AV-TEST, an independent IT-security institute. This certification underscores the reliability and effectiveness of its security solutions. The company's innovative efforts extend to partnerships and investments, as demonstrated by its venture arm, S Ventures. Recently, S Ventures invested in Auguria, a cybersecurity AI company, highlighting SentinelOne's commitment to advancing AI-driven security operations.
With a mission to defeat every attack, every second, of every day, SentinelOne continues to lead the charge in transforming traditional cybersecurity paradigms, ensuring robust protection for organizations worldwide.
Horizon3.ai, a leader in autonomous security, has announced the appointment of Nicholas Warner as an Independent Director to its board. Warner brings over 20 years of cybersecurity experience, notably as COO of SentinelOne (NYSE: S), where he helped grow ARR from $1 million to over $500 million and oversaw the largest cybersecurity IPO in history. Previously, as Worldwide VP of Sales at Cylance, he grew sales from zero to over $200 million in under three years.
Warner's expertise in scaling companies and driving hyper-growth is expected to bolster Horizon3.ai's mission in proactive cybersecurity risk management. His addition to the board aims to accelerate growth, drive product innovation, and enhance the company's NodeZero™ platform, which covers cloud and hybrid environments for real-time risk identification.
SentinelOne (NYSE: S) has won two prestigious awards at the 2024 SC Media Awards, securing the titles of Best Enterprise Security Solution and Best Endpoint Security Solution for its AI-powered Singularity Platform. These accolades validate SentinelOne's position as a market leader in cybersecurity innovation.
The company has been at the forefront of applying AI to cybersecurity, introducing the first generative AI-powered platform for the industry. SentinelOne's Purple AI, a transformative AI security analyst, has seen rapid adoption among customers. The Singularity Platform continues to evolve, combining visibility, data lake capabilities, and Purple AI to revolutionize how security teams manage complex environments and defend against threats.
SentinelOne's commitment to staying ahead of cyber attackers through the power of generative AI has been recognized by a panel of distinguished judges from various sectors. The awards highlight the company's dedication to redefining cybersecurity and delivering world-class defense solutions.
SentinelOne (NYSE: S) and Lenovo (HKSE: 992) (ADR: LNVGY) have announced a multi-year collaboration to integrate AI-powered endpoint security into millions of Lenovo devices globally. Lenovo will incorporate SentinelOne's Singularity Platform and Purple AI capabilities into new PC shipments and offer upgrades to existing customers, enhancing its ThinkShield security portfolio.
This partnership aims to significantly increase the number of Lenovo devices shipped with SentinelOne's AI-powered security. Lenovo will also develop a new Managed Detection and Response (MDR) service using SentinelOne's Singularity Platform. The collaboration leverages Lenovo's global sales and partner network to provide cutting-edge, built-in security to businesses of all sizes.
SentinelOne (NYSE: S) has achieved Federal Risk and Authorization Management Program (FedRAMP) authorization at the High Impact Level for its Singularity Platform and Singularity Data Lake. This certification validates the strength of SentinelOne's AI-powered security solutions in protecting sensitive government data against cyber attacks. The authorization allows more federal entities to leverage SentinelOne's cloud-native SaaS offerings to meet stringent security mandates, including Executive Order 14028 and OMB M-21-31.
The Singularity Platform and Data Lake enable public sector entities to aggregate security data, orchestrate responses, and align with M-21-31 requirements by providing cost-effective storage of 12 months hot and 18 months cold across EDR telemetry and third-party data sources. This achievement reinforces SentinelOne's commitment to securing critical infrastructure and information for US Federal, Public Sector, Defense Industrial Base, and Critical Infrastructure entities.
SentinelOne (NYSE: S), a leader in AI-powered security, has been named to the 2024 Fortune Best Workplaces in Technology™ list for the third time. This recognition, awarded by Fortune Media and Great Place To Work®, is based on surveys from over 149,000 employees in the tech industry. The company is Great Place To Work certified in 15 countries and has received multiple regional workplace awards.
SentinelOne's Chief People Officer, Divya Ghatak, emphasized the company's commitment to creating an equitable and inclusive environment for innovation. The company has also been recognized on the U.S. News Best Companies to Work For list and as a BuiltIn 100 Best Remote Places To Work.
SentinelOne (NYSE: S), a leading AI-powered cybersecurity firm, has appointed Barbara Larson as Chief Financial Officer, effective immediately. Larson brings over 25 years of SaaS experience in financial operations management and leadership, most recently serving as CFO at Workday. She will oversee all aspects of SentinelOne's global financial operations, including FP&A, accounting, tax, treasury, investor relations, and internal audit.
Larson's appointment comes as SentinelOne enters its next phase of growth and profitability at scale. The company continues to lead the cybersecurity industry in technology, revenue growth, and margin expansion. SentinelOne's AI-powered platform, built on the first unified Data Lake, empowers organizations to run securely by creating intelligent, data-driven systems that evolve independently.
SentinelOne (NYSE: S), a leader in AI-powered security, has announced the keynote speaker lineup for its annual OneCon conference. Apple co-founder Steve Wozniak will headline the event, which will be held at the ARIA Resort & Casino in Las Vegas from October 15-17, 2024. The conference will focus on innovations in AI, data, cloud, and endpoint security, featuring keynotes from industry leaders including SentinelOne's CEO Tomer Weingarten and former CISA director Chris Krebs.
OneCon 2024 marks the second year of SentinelOne's premier customer and partner conference, offering a three-day agenda with keynotes, breakout sessions, workshops, and networking opportunities. The event aims to help SentinelOne's global customers and partners adapt to the rapidly changing security landscape.
SentinelOne (NYSE: S), an AI-powered security leader, has been named a finalist for four 2024 SC Media Awards. The company is recognized in the Best Security Company category, while its Singularity Platform is highlighted for Best Endpoint Security Solution and Best Cloud Security Management Solution. Additionally, SentinelOne's Purple AI is a finalist for Best Emerging Technology.
Purple AI achieved double-digit attach rates in its first full quarter of general availability, showcasing SentinelOne's successful approach to generative AI-security. The company's AI-powered protection, unified data lake, and superior agent and platform architecture continue to set it apart in delivering enhanced security, business resilience, and cost savings for customers.
Easterly Government Properties (NYSE: DEA) has acquired a 99,246 square foot facility in Beavercreek, Ohio, fully leased to Northrop Grumman Systems (NYSE: NOC). The build-to-suit property, occupied since 2012, features robust security enhancements and is strategically located adjacent to Wright-Patterson Air Force Base. This acquisition aligns with Easterly's focus on mission-critical real estate for government-adjacent companies.
The facility's proximity to the Air Force Research Laboratory's (AFRL) headquarters underscores its strategic importance. AFRL, founded in 1917, is the primary scientific research and development center for the Department of the Air Force, employing over 12,500 people across nine technology areas. With this addition, Easterly's portfolio now includes 95 properties totaling 9.3 million square feet.
SentinelOne (NYSE: S) reported strong Q2 FY2025 results, with revenue increasing 33% year-over-year to $198.9 million and ARR up 32% to $806.0 million. The company achieved its first quarter of positive net income and EPS. Key highlights include:
- GAAP gross margin improved to 75% from 70%
- Non-GAAP gross margin rose to 80% from 77%
- GAAP operating margin improved to (40)% from (67)%
- Non-GAAP operating margin improved to (3)% from (22)%
- Customers with ARR of $100,000+ grew 24% to 1,233
SentinelOne raised its revenue outlook for FY2025, projecting Q3 revenue of $209.5 million and full-year revenue of $815 million. The company maintains a strong balance sheet with $1.1 billion in cash and investments.
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