SentinelOne co-founder and CEO Tomer Weingarten.

SentinelOne

Cybersecurity firm SentinelOne filed its IPO prospectus with the Securities and Trade Fee on Thursday, and plans to checklist on the New York Inventory Trade underneath the ticker image S.

Within the three months ending April 30, income grew 108% yr over yr to $37.4 million, whereas internet losses greater than doubled from $26.6 million to $62.6 million, in accordance with the submitting.

SentinelOne raised $276 million in a spherical final November led by Tiger World, a part of a near-$500 million haul from traders in 2020 that tripled its valuation from the start of the yr to the tip, from $1 billion as much as $3 billion.

SentinelOne rivals have been among the many massive IPO winners lately, with CrowdStrike — which CEO Tomer Weingarten has known as its “fundamental competitor” — now valued at over $46 billion. However extra of its rivals are additionally now speaking in regards to the risk posed by SentinelOne. Previously few months, CrowdStrike and Qualys for the primary time referred to as out SentinelOne as a competitor of their annual stories. And after the coronavirus pandemic arrived, Palo Alto Networks CEO Nikesh Arora started speaking about SentinelOne in conversations with analysts — he referenced the corporate 3 times on a latest earnings name.

Most lately, the corporate’s autonomous endpoint safety stopped SUNBURST — the malware that tricked programs into importing it as an replace to the SolarWinds’ Orion software program, which is utilized by 1000’s of organizations. AT&T, JetBlue and McKesson have been among the many SentinelOne prospects protected within the SolarWinds hack.

The prospectus says SentinelOne intends to checklist Class A typical inventory, although the variety of shares and value vary for the proposed providing have but to be decided. It additionally identifies Morgan Stanley, Goldman SachsBank of America Securities, Barclays and Wells Fargo Securities because the lead underwriters.

The corporate ranked No. 4 on this yr’s CNBC Disruptor 50 checklist.

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