SentinelOne, a cyber security startup which offers products & services having the capability to detect suspicious behavior on devices operating in corporate environments has received a $70 million Series-C funding from high profile investors.
The investor’s list includes companies like Third Point Ventures, Data Collective, Granite Hill Capital Partners, Westly Group, and SineWave Ventures. The co-founder of Sun Micro Systems, Mr. Andy Bechtolsheim is said to have also invested in SentinelOne’s latest round of funding.
The investment was also backed by SentinelOne’s new customer Redpoint Ventures and Actor Ashton Kutcher and Guy Oseary’s firm, Sound Ventures.
Thus, with the new financial boost, SentinelOne is expected to expand its sales and marketing efforts on an aggressive note.
As Gartner and IDC estimate that the global endpoint protection market will hit $10 million mark by 2019, businesses across the world will like to displace old malware protection technologies such as ‘Antivirus’.
This is where companies coming up with innovative and sophistication filled solutions will make merry.
SentinelOne which was founded in 2013 is an Israel-based company which works on the endpoint security technology backed up by machine learning and behavioral analysis.
Hence, for companies looking to say goodbye to their traditional antivirus solutions, SentinelOne’s can prove as an apt holistic solution for all their enterprise protection needs.
So, with the latest series C funding of $70 million, SentinelOne is ready to take on companies such as Symantec, Trend Micro, and McAfee.
Note- Endpoint Security means protecting devices such as tablets, laptops and smartphones which connect to the corporate network. As per security experts, these endpoints are extremely vulnerable to hackers, as they can act as access points for launching cyber attacks such as Distributed Denial of Service (DDoS) and data thefts.