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SentinelOne IPO: 5 Big Moneymaking Opportunities For Partners

From geographic and vertical expansion to IoT security and asset discovery to managed, forensic and incident response services, here’s where solution providers should place their bets following the SentinelOne IPO.

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New Kid On The Block

SentinelOne will today begin trading on the New York Stock Exchange, where the Mountain View, Calif.-based endpoint security upstart is expected to raise $1.02 billion on a valuation of $8.11 billion. A haul of that magnitude would outshine even top rival CrowdStrike, which in June 2019 raised $612 million on a $6.6 billion valuation (CrowdStrike’s now the cream of the cybersecurity crop, worth some $58 billion).

The company was founded in 2013 and has experienced massive growth in recent years, with sales jumping to $93.1 million in the fiscal year ended Jan. 31, 2021, up 100.2 percent from $46.5 million in fiscal 2020. However, the company’s loss surged to $117.6 million in fiscal 2021, or $3.31 per share, in fiscal 2021, 53.6 percent worse than its loss of $76.6 million, or $2.34 per share, in fiscal 2020.

SentinelOne Co-Founder and CEO Tomer Weingarten and COO Nicholas Warner spoke with CRN about the biggest technology and go-to-market investments they’re looking to make with the IPO proceeds. From geographic and vertical expansion to IoT security and asset discovery to managed, forensic and incident response services, here’s where Weingarten and Warner said partners should place their bets.

 
 
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