10 Hot Cybersecurity Companies You Should Watch In 2022
Many of the industry’s most successful cybersecurity companies will prioritize integrating major acquisitions, executing on new channel and technology partnerships, and expanding their services capabilities.
SentinelOne made the first acquisition in its nine-year history in 2021, scooping up data analytics tech developer Scalyr for $155 million to better ingest, correlate, search and act on data from any source. Buying Scalyr has helped SentinelOne customers ingest massive amounts of machine and application data in real time, allowing them to analyze, query and act with unrivaled speed and cost-effectiveness.
The Mountain View, Calif.-based endpoint security vendor rolled out Singularity Mobile as a new AI-powered mobile security offering delivering autonomous threat protection, detection and response for iOS, Android, and Chrome OS devices. SentinelOne’s offerings have gained traction with the market, with sales in the fiscal year ending Jan. 31, 2022, expected to grow by 114 percent to $200 million.
SentinelOne has increased its head count by 56 percent over last year to 1,140 employees, with the most aggressive hiring taking place on the company’s business development, sales and engineering teams. Wall Street has rewarded SentinelOne for these investments, sending the company’s stock price up by 5 percent thus to $44.69 per share on a valuation of $11.49 billion since going public on June 30, 2021.