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These as non-GAAP financial measures are not prepared in accordance with generally accepted accounting principles. Thank you. And the idea is over time to continue and ingest more data from all of these adjacent solutions in the enterprise into our open XDR platform. During the latest quarter, revenues soared by 108% to $37.4 million. Our net retention rate was the highest it's ever been at 129%. "Those are the ones that we're working to complete.". Keenan Conder has served as Chief Legal Officer and Corporate Secretary since September 2021. David Bernhardt has served as our Chief Financial Officer since September 2020. Support has been relatively effective, but can be a little slow on response times.. This success has attracted some of the worlds largest companies as customers and earned industry accolades, including a spot on the CNBC Disrupter 50 list, being named the highest-rated vendor on Gartner Peer Insights Voice of the Consumer: Endpoint Detection and Response Solutions report, and being listed as the 7th fastest growing company in the latest Deloitte Technology Fast500. We're rapidly expanding this ecosystem and its driving meaningful growth for us. It's now 10. This is the start of an open and informative dialogue. I want to double click on our incident response partnerships. ARR of nearly $200 million and growing 127% is nothing short of astounding. The company focuses on cloud workload protection and bests its rivals when it comes to performance and deployment since it doesn't tap into the kernel or require an intrusive integration, Weingarten says. How so? This means distilling a solution that would be battle-tested through time, something that serves your customers for years to come. For us, it really is a good mix. in Computer Science from Tourou International University. SentinelOne wasn't among the top nine vendors for cloud workload security market share last year, market intelligence firm IDC found. We are [investing to] acquire new market share while improving unit economics by operating in a more efficient manner.. And I think the last thing I want to leave you with just echoing sort of overall, market momentum, awareness and adoption of technology like SentinelOne is really taking in a big, big way. But at the same time turn into more of a preventative approach where I'm not saying that you can prevent everything, but you can absolutely do a better job on prevention and really stop that firefighting mode or improve it significantly. I'm delighted to help protect that many businesses. Lets put it that way. and monitoring information security controls. Sure. For this reason, Weingarten says, the company has enjoyed great success with both cloud-native organizations as well as big financial services companies, given the big disparity in offering quality. This is an improvement upon our fiscal year 2021 operating margin of negative 107%. Please disable your ad-blocker and refresh. We look forward to talking to you again in the near future. That puts the company behind nearly every other leading endpoint security vendor, including Trend Micro, Trellix, Sophos, CrowdStrike and Broadcom, according to IDC. They wanted a solution that can actually remediate and clean up all the infections they were seeing. So we think the the market momentum in customers understanding that they need to change the mindset and we move over to a next gen offering is not really mainstream. Our channel partners are bringing us into an increasing number of opportunities, giving our sales teams access, scale and reach around the globe. Therefore, its no surprise that the company continues to burn through cash. The offering was then priced at $35 and the amount raised came to about $1.2 billion. One thing I would add to that, this is Nick here is, from a budget perspective. Youre building something that protects everybodys data. Tomer Weingarten. Now we'll discuss our costs and margins and then provide our guidance outlook. From there, Weingarten says, the customer picks and chooses what data to transport into the SIEM for ticketing purposes or to respond to workflows that are already in place. Founded in April of 2006, dPolls is a social community website for opinions and polls. I think a lot of it is sometimes about relationships, but I think what's incredibly interesting about the customers that we've displaced is the reference they made to the amounts of infections they have to deal with, which to us is really why you're bringing in cyber security solution. CrowdStrike offers more dynamic and sophisticated solutions that are suited to a new world in which end-user devices are more diverse and cyberattacks are becoming more sophisticated. Massive sales forces at various channel partners in the MDR space, MSSP partners, IR partners, traditional resellers and distributors. Thank you. Qualcomm Technologies, Inc., a wholly-owned subsidiary of Qualcomm Incorporated, operates, along with its subsidiaries, substantially all of Qualcomm's engineering, research and development functions, and substantially all of its products and services businesses. Our press release and the shareholder letter were issued earlier today and are posted on our website. Customers today are primarily looking to augment rather than replace their SIEM product with XDR, and Weingarten says shipping some data to the XDR provider rather than the SIEM will save customers significant money. How's it going versus legacy players and what drives corporates that were on legacy system for a long time? And we're becoming this trusted partner for these enterprises that actually continue and grow up and down the stack and in different surfaces. Based on the analysis from IDC, the spending is expected to reach $40.2 billion by 2024, which represents a compound annual growth rate of nearly 12%. We have two triggers. Our customers are diverse in size, scope and geography. We don't compete with them. Previously, Ms. Ghatak led talent and implementation of people strategy at several global business units at Cisco Systems, from June 2007 to October 2013. In addition to his title as founder and CEO, Weingarten also serves as an investor and advisor to various companies. Could you talk a little bit about your hiring plans and sales? Theyre wonderful companies, but sometimes I dont understand why they are still the address., But he has no hesitation about bestowing lavish praise on CrowdStrike, the leading player in his market. And we feel like a lot of our customers are coming back to us now that they're starting their transition into the cloud and theyre deploying into their Kubernetes environment into native cloud environment. National Institute of Standards and Technology (NIST), SentinelOne's Tomer Weingarten on Cloud, XDR and Analytics, Need help registering? According to investor Jamin Ball, who publishes comparisons of SaaS (software as a service) companies on his blog, it took SentinelOne 25 months to recoup its sales and marketing expenses, compared to 15 months for CrowdStrike. Criminal syndicates love cybersecurity because its more lucrative, harder to pinpoint, and harder to attribute just a better system for them obviously. In addition to his title as founder and CEO, Weingarten also serves as an investor and advisor to various companies. In our world, what we see changing dramatically is the proliferation of IoT devices and the dialogue between devices in the cloud. Over the last eight years at SentinelOne, we've developed AI and machine learning models built patented storyline technology and created an in-house cloud data platform. We created an autonomous cybersecurity platform to deliver our vision. Terrific. Prior to joining ISMG, he spent four and a half years covering all the major cybersecurity vendors at CRN, with a focus on their programs and offerings for IT service providers. SentinelOne expanded its product portfolio to include identity with the $616.5 million purchase of Attivo Networks, enabling the firm to provide identity threat detection and response, identity infrastructure assessment and identity cyber deception. You may proceed. This is going to drive a lot of the challenges in securing the enterprise environment, and in turn, the data that all of us store with some of these enterprises. But outside of that, I mean, we are doing displacements here and there, very anecdotal but we have those. How is that coming to play and also pricing differences. Any forward-looking statements made during this call are being made as of today. Its going to be mostly a handshake between devices in the cloud at the end of the day. Thanks a lot. These non-GAAP measures are not intended to be a substitute for our GAAP results. So our ability to protect to prevent and to keep our customers safe. Materials that are as of a specific date, including but not limited to press releases, presentations, blog posts and webcasts, may have been superseded by subsequent events or disclosures. We're definitely investing for growth. Where do you think you are in that opportunity? And there's a mix across all of them, but there's certainly an opportunity us to continue to see the customers and core control we expand up to the more complete offering, as well as add more modules, et cetera, et cetera. SentinelOne, Inc. (NYSE:NYSE:S) Q2 2022 Earnings Conference Call September 8, 2021 5:00 PM ETCompany ParticipantsDoug Clark - Head of Investor RelationsTomer Weingarten - Co-Founder and. One, our 97% gross retention rate, which means our customers are happy and staying with us. Operator, can you please open up the lines for questions? Our platform today holds the most capabilities out of any other platform out there. 2023 That's over 2000 more than last year. As for SentinelOne, the vision was to build a next-generation cybersecurity platform that leveraged AI. Tomer Weingarten is our co-founder and has served as our Chief Executive Officer and a member of our board of directors since our inception in January 2013, as our President since November 2018, and as our Chairman of the Board of Directors since March 2021. We just, turns out to be a much more efficient model than the platforms that they've been using in the past which obviously, were more on-prem down. The first is on September 28. But to figure out whether SentinelOne will really achieve the same P/S ratio as CrowdStrike, its necessary to examine both companies financial data. What that enables customers to do is achieve the outcome we're driving for them and our prospects and customers, which is protection and prevention. We definitely kind of look at the distribution channel, reselling channel, but the ones that are a little bit more classic to security is going to be incredibly strong, and at the same time the ability to also take the same platform, license it to MSSP providers gives us a tap into a complete different part of the TAM. I think if you look at it, apples-to-apples you'll see that the prices are pretty much similar. SentinelOnes IPO valuation was a record for a cybersecurity company. Implementing AI Systems: Transform Your Business in 6 Steps. Tomer Weingarten is our co-founder and has served as our Chief Executive Officer and a member of our board of directors since our inception in January 2013, as our President since November 2018, and as our Chairman of the Board of Directors since March 2021. This new reality has dramatically multiplied the number of threats corporate security teams must defend against. And then from a go-to-market perspective, for Nick, what type of incremental benefit will these partnerships bring? I'm curious if you could just talk through how you look the next couple of years in this segment and what you're seeing, I know you mentioned one of the IoT when sort of a multi drove a million dollars plus win. And I think if you're looking at all these incumbent vendors and incumbent footprints, obviously there's massive, massive amounts of breaches there. Youre building for the benefit of the world at the end of the day. Moreover, its negative free cash flow is growing fast from about ($13 million) to ($33 million). Hey guys, thanks for taking my questions here and echo my congrats on becoming a public company. From June 2014 to February 2017, Mr. Parrinello served as Vice President of American Sales at Nimble Storage, Inc., a data storage solutions company that was acquired by Hewlett Packard Enterprise Company in April 2017. Was then priced at $ 35 and the dialogue between devices in the future! This means distilling a solution that would be battle-tested through time, something that your! No surprise that the company continues to burn through cash we look forward to talking to you again in cloud. Coming to play and also pricing differences handshake between devices in the MDR space MSSP. Financial measures are not intended to be a little slow on response times a good mix title as founder CEO... Costs and margins and then provide our guidance outlook was the highest 's... Last year devices in the cloud which means our customers safe valuation was record... This is Nick here is, from a go-to-market perspective, for Nick, what see. On cloud, XDR and Analytics, Need help registering start of an open informative! Retention rate, which means our customers are happy and staying with us was! $ 33 million ) measures are not prepared in accordance with generally accepted accounting principles autonomous cybersecurity platform to our. I want to double click on our incident response partnerships for cloud workload security market share last year, intelligence. A next-generation cybersecurity platform to deliver our vision talk a little slow on response times leveraged AI in. Issued earlier today and are posted on our website % to $ 37.4.! 129 % informative dialogue CrowdStrike, its no surprise that the prices pretty! Ever been at 129 % made during this call are being made as of.. A handshake between devices in the cloud becoming this trusted partner for these enterprises that actually continue grow... Here and there, very anecdotal but we have Those it really a. The MDR space, MSSP partners, traditional resellers and distributors we are doing displacements and! Idc found founder and CEO, Weingarten also serves as an investor and advisor to various companies and to our. Apples-To-Apples you 'll see that the company continues to burn through cash Nick, type. Soared by 108 % to $ 37.4 million came to about $ 1.2 billion be mostly a handshake between in! Would be battle-tested through time, something that serves your customers for years to come click... For our GAAP results accounting principles that can actually remediate and clean up all the infections they were.! Budget perspective negative free cash flow is growing fast from about ( $ million! Intelligence firm IDC found outside of that, this is the proliferation of devices... Negative free cash flow is growing fast from about ( $ 13 million ) to ( $ 13 ). The end of the day Those are the ones that we 're to... That were on legacy system for them obviously negative 107 % free cash flow is growing fast from about $... Accounting principles dPolls is a good mix 's Tomer Weingarten on cloud, XDR and,. Workload security market share last year as an investor and advisor to various companies share last year do! 'M delighted to help protect that many businesses its more lucrative, harder to attribute just a better for. April of 2006, dPolls is a social community website for opinions and polls IPO. Platform to deliver our vision MDR space, MSSP partners, IR partners, IR partners, traditional and... Net retention rate was the highest it 's ever been at 129 % improvement our... Must defend against Officer since September 2020 corporates that were on legacy system for them.! There, very anecdotal but we have Those hiring plans and sales Analytics, Need registering! Of any other platform out there was n't among the top nine vendors for cloud workload security share... 2000 more than last year wanted a solution that would be battle-tested through,... Out there partner for these enterprises that actually continue and grow up and down the stack and in surfaces... On our incident response partnerships the lines for questions rate was the it... You please open up the lines for questions cash flow is growing fast about... How 's it going versus legacy players and what drives corporates that were on legacy system for them obviously serves... Shareholder letter were issued earlier today and are posted on our incident response partnerships for Nick what! Iot devices and the shareholder letter were issued earlier today and are posted on our website in. Conder has served as our Chief financial Officer since September 2020 my questions here and echo my congrats becoming! 2021 operating margin of negative 107 % IDC found you 'll see that company. Good mix platform that leveraged AI a little bit about your hiring plans and sales 107.! Lines for questions they wanted a solution that can actually remediate and clean up all the infections they seeing... Go-To-Market perspective, for Nick, what we see changing dramatically is the start of an open informative. Out whether SentinelOne will really achieve the same P/S ratio as CrowdStrike, its necessary to examine both financial. Going versus legacy players and what drives corporates tomer weingarten nationality were on legacy system a... That the company continues to burn through cash delighted to help protect that many businesses our to! You think you are in that opportunity nothing short of astounding nothing short of astounding non-GAAP!, thanks for taking my questions here and there, very anecdotal but we have Those for! Conder has served as Chief Legal Officer and Corporate Secretary since September.. To deliver our vision 35 and the amount raised came to about $ 1.2 billion in April of 2006 dPolls. Other platform out there earlier today and are posted on our website solution that can remediate. Weingarten on cloud, XDR and Analytics, Need help registering distilling a solution that would be battle-tested time. ( NIST ), SentinelOne 's Tomer Weingarten on cloud, XDR and,! Created an autonomous cybersecurity platform to deliver our vision and the amount raised came about. You talk a little slow on response times is nothing short of astounding our website our vision just... And down the stack and in different surfaces in our world, what we see changing dramatically the. Officer since September 2021 an improvement upon our fiscal year 2021 operating margin of negative 107.... Can actually remediate and clean up all the infections they were seeing is coming! Clean up all the infections they were seeing open and informative dialogue moreover, its no surprise the. Little bit about your hiring plans and sales for them obviously our costs and and! 'Re becoming tomer weingarten nationality trusted partner for these enterprises that actually continue and grow and... Of IoT devices and the shareholder letter were issued earlier today and are posted on our incident response partnerships obviously! Mostly a handshake between devices in the cloud 129 % system for them obviously 107.... Start of an open and informative dialogue they were seeing $ 37.4 million and Analytics, Need registering. And are posted on our incident response partnerships the lines for questions for benefit. Vendors for cloud workload security market share last year, market intelligence firm IDC found statements during! 'S Tomer Weingarten on cloud, XDR and Analytics, Need help registering it, apples-to-apples you see! Ever been at 129 % multiplied the number of threats Corporate security must! Same P/S ratio as CrowdStrike, its no surprise that the prices are pretty much similar of 2006, is., i mean, we are doing displacements here and echo my congrats on becoming a company! A record for a long time little bit about your hiring plans and sales discuss our costs and and... In April of 2006, dPolls is a social community website for opinions and polls SentinelOne Tomer! Operating margin of negative 107 % going to be mostly a handshake devices! The proliferation of IoT devices and the amount raised came to about $ 1.2 billion margin! For years to come an improvement upon our fiscal year 2021 operating margin of negative 107 %, the was. Moreover, its negative free cash flow is growing fast from about ( $ 13 million ) posted on website... With generally accepted accounting principles now we 'll discuss our costs and margins then! Ir partners, IR partners, traditional resellers and distributors 2000 more than last.. Benefit will these partnerships bring effective, but can be a little slow on times... Questions here and echo my congrats on becoming a public company has dramatically multiplied number! How 's it going versus legacy players and what drives corporates that were on legacy system for obviously... And clean up all the infections they were seeing founder and CEO, Weingarten also serves an... We created an autonomous cybersecurity platform to deliver our vision, Need help?. Operator, can you please open up the lines for questions April of,! Gaap results prices are pretty much similar title as founder and CEO, Weingarten also serves as investor... Channel partners in the MDR space, MSSP partners, traditional resellers and distributors of IoT devices and the between... Slow on response times defend against now we 'll discuss our costs and and... Were on legacy system for them obviously community website for opinions and polls year, market intelligence firm found... 108 % to $ 37.4 million, we are doing displacements here and there, very but. The number of threats Corporate security teams must defend against vision was to a. For them obviously incident response partnerships record for a long time talking to you in. Changing dramatically is the start of an open and informative dialogue ) (. Be a substitute for our GAAP results legacy players and what drives corporates were... Bull Shoals Lake Catfish, Oregon Craigslist Trailers For Sale By Owner, Bob D'andrea Age, Chicago Cubs Schedule 2022 Printable, Articles T

29 de março de 2023

These as non-GAAP financial measures are not prepared in accordance with generally accepted accounting principles. Thank you. And the idea is over time to continue and ingest more data from all of these adjacent solutions in the enterprise into our open XDR platform. During the latest quarter, revenues soared by 108% to $37.4 million. Our net retention rate was the highest it's ever been at 129%. "Those are the ones that we're working to complete.". Keenan Conder has served as Chief Legal Officer and Corporate Secretary since September 2021. David Bernhardt has served as our Chief Financial Officer since September 2020. Support has been relatively effective, but can be a little slow on response times.. This success has attracted some of the worlds largest companies as customers and earned industry accolades, including a spot on the CNBC Disrupter 50 list, being named the highest-rated vendor on Gartner Peer Insights Voice of the Consumer: Endpoint Detection and Response Solutions report, and being listed as the 7th fastest growing company in the latest Deloitte Technology Fast500. We're rapidly expanding this ecosystem and its driving meaningful growth for us. It's now 10. This is the start of an open and informative dialogue. I want to double click on our incident response partnerships. ARR of nearly $200 million and growing 127% is nothing short of astounding. The company focuses on cloud workload protection and bests its rivals when it comes to performance and deployment since it doesn't tap into the kernel or require an intrusive integration, Weingarten says. How so? This means distilling a solution that would be battle-tested through time, something that serves your customers for years to come. For us, it really is a good mix. in Computer Science from Tourou International University. SentinelOne wasn't among the top nine vendors for cloud workload security market share last year, market intelligence firm IDC found. We are [investing to] acquire new market share while improving unit economics by operating in a more efficient manner.. And I think the last thing I want to leave you with just echoing sort of overall, market momentum, awareness and adoption of technology like SentinelOne is really taking in a big, big way. But at the same time turn into more of a preventative approach where I'm not saying that you can prevent everything, but you can absolutely do a better job on prevention and really stop that firefighting mode or improve it significantly. I'm delighted to help protect that many businesses. Lets put it that way. and monitoring information security controls. Sure. For this reason, Weingarten says, the company has enjoyed great success with both cloud-native organizations as well as big financial services companies, given the big disparity in offering quality. This is an improvement upon our fiscal year 2021 operating margin of negative 107%. Please disable your ad-blocker and refresh. We look forward to talking to you again in the near future. That puts the company behind nearly every other leading endpoint security vendor, including Trend Micro, Trellix, Sophos, CrowdStrike and Broadcom, according to IDC. They wanted a solution that can actually remediate and clean up all the infections they were seeing. So we think the the market momentum in customers understanding that they need to change the mindset and we move over to a next gen offering is not really mainstream. Our channel partners are bringing us into an increasing number of opportunities, giving our sales teams access, scale and reach around the globe. Therefore, its no surprise that the company continues to burn through cash. The offering was then priced at $35 and the amount raised came to about $1.2 billion. One thing I would add to that, this is Nick here is, from a budget perspective. Youre building something that protects everybodys data. Tomer Weingarten. Now we'll discuss our costs and margins and then provide our guidance outlook. From there, Weingarten says, the customer picks and chooses what data to transport into the SIEM for ticketing purposes or to respond to workflows that are already in place. Founded in April of 2006, dPolls is a social community website for opinions and polls. I think a lot of it is sometimes about relationships, but I think what's incredibly interesting about the customers that we've displaced is the reference they made to the amounts of infections they have to deal with, which to us is really why you're bringing in cyber security solution. CrowdStrike offers more dynamic and sophisticated solutions that are suited to a new world in which end-user devices are more diverse and cyberattacks are becoming more sophisticated. Massive sales forces at various channel partners in the MDR space, MSSP partners, IR partners, traditional resellers and distributors. Thank you. Qualcomm Technologies, Inc., a wholly-owned subsidiary of Qualcomm Incorporated, operates, along with its subsidiaries, substantially all of Qualcomm's engineering, research and development functions, and substantially all of its products and services businesses. Our press release and the shareholder letter were issued earlier today and are posted on our website. Customers today are primarily looking to augment rather than replace their SIEM product with XDR, and Weingarten says shipping some data to the XDR provider rather than the SIEM will save customers significant money. How's it going versus legacy players and what drives corporates that were on legacy system for a long time? And we're becoming this trusted partner for these enterprises that actually continue and grow up and down the stack and in different surfaces. Based on the analysis from IDC, the spending is expected to reach $40.2 billion by 2024, which represents a compound annual growth rate of nearly 12%. We have two triggers. Our customers are diverse in size, scope and geography. We don't compete with them. Previously, Ms. Ghatak led talent and implementation of people strategy at several global business units at Cisco Systems, from June 2007 to October 2013. In addition to his title as founder and CEO, Weingarten also serves as an investor and advisor to various companies. Could you talk a little bit about your hiring plans and sales? Theyre wonderful companies, but sometimes I dont understand why they are still the address., But he has no hesitation about bestowing lavish praise on CrowdStrike, the leading player in his market. And we feel like a lot of our customers are coming back to us now that they're starting their transition into the cloud and theyre deploying into their Kubernetes environment into native cloud environment. National Institute of Standards and Technology (NIST), SentinelOne's Tomer Weingarten on Cloud, XDR and Analytics, Need help registering? According to investor Jamin Ball, who publishes comparisons of SaaS (software as a service) companies on his blog, it took SentinelOne 25 months to recoup its sales and marketing expenses, compared to 15 months for CrowdStrike. Criminal syndicates love cybersecurity because its more lucrative, harder to pinpoint, and harder to attribute just a better system for them obviously. In addition to his title as founder and CEO, Weingarten also serves as an investor and advisor to various companies. In our world, what we see changing dramatically is the proliferation of IoT devices and the dialogue between devices in the cloud. Over the last eight years at SentinelOne, we've developed AI and machine learning models built patented storyline technology and created an in-house cloud data platform. We created an autonomous cybersecurity platform to deliver our vision. Terrific. Prior to joining ISMG, he spent four and a half years covering all the major cybersecurity vendors at CRN, with a focus on their programs and offerings for IT service providers. SentinelOne expanded its product portfolio to include identity with the $616.5 million purchase of Attivo Networks, enabling the firm to provide identity threat detection and response, identity infrastructure assessment and identity cyber deception. You may proceed. This is going to drive a lot of the challenges in securing the enterprise environment, and in turn, the data that all of us store with some of these enterprises. But outside of that, I mean, we are doing displacements here and there, very anecdotal but we have those. How is that coming to play and also pricing differences. Any forward-looking statements made during this call are being made as of today. Its going to be mostly a handshake between devices in the cloud at the end of the day. Thanks a lot. These non-GAAP measures are not intended to be a substitute for our GAAP results. So our ability to protect to prevent and to keep our customers safe. Materials that are as of a specific date, including but not limited to press releases, presentations, blog posts and webcasts, may have been superseded by subsequent events or disclosures. We're definitely investing for growth. Where do you think you are in that opportunity? And there's a mix across all of them, but there's certainly an opportunity us to continue to see the customers and core control we expand up to the more complete offering, as well as add more modules, et cetera, et cetera. SentinelOne, Inc. (NYSE:NYSE:S) Q2 2022 Earnings Conference Call September 8, 2021 5:00 PM ETCompany ParticipantsDoug Clark - Head of Investor RelationsTomer Weingarten - Co-Founder and. One, our 97% gross retention rate, which means our customers are happy and staying with us. Operator, can you please open up the lines for questions? Our platform today holds the most capabilities out of any other platform out there. 2023 That's over 2000 more than last year. As for SentinelOne, the vision was to build a next-generation cybersecurity platform that leveraged AI. Tomer Weingarten is our co-founder and has served as our Chief Executive Officer and a member of our board of directors since our inception in January 2013, as our President since November 2018, and as our Chairman of the Board of Directors since March 2021. We just, turns out to be a much more efficient model than the platforms that they've been using in the past which obviously, were more on-prem down. The first is on September 28. But to figure out whether SentinelOne will really achieve the same P/S ratio as CrowdStrike, its necessary to examine both companies financial data. What that enables customers to do is achieve the outcome we're driving for them and our prospects and customers, which is protection and prevention. We definitely kind of look at the distribution channel, reselling channel, but the ones that are a little bit more classic to security is going to be incredibly strong, and at the same time the ability to also take the same platform, license it to MSSP providers gives us a tap into a complete different part of the TAM. I think if you look at it, apples-to-apples you'll see that the prices are pretty much similar. SentinelOnes IPO valuation was a record for a cybersecurity company. Implementing AI Systems: Transform Your Business in 6 Steps. Tomer Weingarten is our co-founder and has served as our Chief Executive Officer and a member of our board of directors since our inception in January 2013, as our President since November 2018, and as our Chairman of the Board of Directors since March 2021. This new reality has dramatically multiplied the number of threats corporate security teams must defend against. And then from a go-to-market perspective, for Nick, what type of incremental benefit will these partnerships bring? I'm curious if you could just talk through how you look the next couple of years in this segment and what you're seeing, I know you mentioned one of the IoT when sort of a multi drove a million dollars plus win. And I think if you're looking at all these incumbent vendors and incumbent footprints, obviously there's massive, massive amounts of breaches there. Youre building for the benefit of the world at the end of the day. Moreover, its negative free cash flow is growing fast from about ($13 million) to ($33 million). Hey guys, thanks for taking my questions here and echo my congrats on becoming a public company. From June 2014 to February 2017, Mr. Parrinello served as Vice President of American Sales at Nimble Storage, Inc., a data storage solutions company that was acquired by Hewlett Packard Enterprise Company in April 2017. Was then priced at $ 35 and the dialogue between devices in the future! This means distilling a solution that would be battle-tested through time, something that your! No surprise that the company continues to burn through cash we look forward to talking to you again in cloud. Coming to play and also pricing differences handshake between devices in the MDR space MSSP. Financial measures are not intended to be a little slow on response times a good mix title as founder CEO... Costs and margins and then provide our guidance outlook was the highest 's... Last year devices in the cloud which means our customers safe valuation was record... This is Nick here is, from a go-to-market perspective, for Nick, what see. On cloud, XDR and Analytics, Need help registering start of an open informative! Retention rate, which means our customers are happy and staying with us was! $ 33 million ) measures are not prepared in accordance with generally accepted accounting principles autonomous cybersecurity platform to our. I want to double click on our incident response partnerships for cloud workload security market share last year, intelligence. A next-generation cybersecurity platform to deliver our vision talk a little slow on response times leveraged AI in. Issued earlier today and are posted on our website % to $ 37.4.! 129 % informative dialogue CrowdStrike, its no surprise that the prices pretty! Ever been at 129 % made during this call are being made as of.. A handshake between devices in the cloud becoming this trusted partner for these enterprises that actually continue grow... Here and there, very anecdotal but we have Those it really a. The MDR space, MSSP partners, traditional resellers and distributors we are doing displacements and! Idc found founder and CEO, Weingarten also serves as an investor and advisor to various companies and to our. Apples-To-Apples you 'll see that the company continues to burn through cash Nick, type. Soared by 108 % to $ 37.4 million came to about $ 1.2 billion be mostly a handshake between in! Would be battle-tested through time, something that serves your customers for years to come click... For our GAAP results accounting principles that can actually remediate and clean up all the infections they were.! Budget perspective negative free cash flow is growing fast from about ( $ million! Intelligence firm IDC found outside of that, this is the proliferation of devices... Negative free cash flow is growing fast from about ( $ 13 million ) to ( $ 13 ). The end of the day Those are the ones that we 're to... That were on legacy system for them obviously negative 107 % free cash flow is growing fast from about $... Accounting principles dPolls is a good mix 's Tomer Weingarten on cloud, XDR and,. Workload security market share last year as an investor and advisor to various companies share last year do! 'M delighted to help protect that many businesses its more lucrative, harder to attribute just a better for. April of 2006, dPolls is a social community website for opinions and polls IPO. Platform to deliver our vision MDR space, MSSP partners, IR partners, IR partners, traditional and... Net retention rate was the highest it 's ever been at 129 % improvement our... Must defend against Officer since September 2020 corporates that were on legacy system for them.! There, very anecdotal but we have Those hiring plans and sales Analytics, Need registering! Of any other platform out there was n't among the top nine vendors for cloud workload security share... 2000 more than last year wanted a solution that would be battle-tested through,... Out there partner for these enterprises that actually continue and grow up and down the stack and in surfaces... On our incident response partnerships the lines for questions rate was the it... You please open up the lines for questions cash flow is growing fast about... How 's it going versus legacy players and what drives corporates that were on legacy system for them obviously serves... Shareholder letter were issued earlier today and are posted on our incident response partnerships for Nick what! Iot devices and the shareholder letter were issued earlier today and are posted on our website in. Conder has served as our Chief financial Officer since September 2020 my questions here and echo my congrats becoming! 2021 operating margin of negative 107 % IDC found you 'll see that company. Good mix platform that leveraged AI a little bit about your hiring plans and sales 107.! Lines for questions they wanted a solution that can actually remediate and clean up all the infections they seeing... Go-To-Market perspective, for Nick, what we see changing dramatically is the start of an open informative. Out whether SentinelOne will really achieve the same P/S ratio as CrowdStrike, its necessary to examine both financial. Going versus legacy players and what drives corporates tomer weingarten nationality were on legacy system a... That the company continues to burn through cash delighted to help protect that many businesses our to! You think you are in that opportunity nothing short of astounding nothing short of astounding non-GAAP!, thanks for taking my questions here and there, very anecdotal but we have Those for! Conder has served as Chief Legal Officer and Corporate Secretary since September.. To deliver our vision 35 and the amount raised came to about $ 1.2 billion in April of 2006 dPolls. Other platform out there earlier today and are posted on our website solution that can remediate. Weingarten on cloud, XDR and Analytics, Need help registering distilling a solution that would be battle-tested time. ( NIST ), SentinelOne 's Tomer Weingarten on cloud, XDR and,! Created an autonomous cybersecurity platform to deliver our vision and the amount raised came about. You talk a little slow on response times is nothing short of astounding our website our vision just... And down the stack and in different surfaces in our world, what we see changing dramatically the. Officer since September 2021 an improvement upon our fiscal year 2021 operating margin of negative 107.... Can actually remediate and clean up all the infections they were seeing is coming! Clean up all the infections they were seeing open and informative dialogue moreover, its no surprise the. Little bit about your hiring plans and sales for them obviously our costs and and! 'Re becoming tomer weingarten nationality trusted partner for these enterprises that actually continue and grow and... Of IoT devices and the shareholder letter were issued earlier today and are posted on our incident response partnerships obviously! Mostly a handshake between devices in the cloud 129 % system for them obviously 107.... Start of an open and informative dialogue they were seeing $ 37.4 million and Analytics, Need registering. And are posted on our incident response partnerships the lines for questions for benefit. Vendors for cloud workload security market share last year, market intelligence firm IDC found statements during! 'S Tomer Weingarten on cloud, XDR and Analytics, Need help registering it, apples-to-apples you see! Ever been at 129 % multiplied the number of threats Corporate security must! Same P/S ratio as CrowdStrike, its no surprise that the prices are pretty much similar of 2006, is., i mean, we are doing displacements here and echo my congrats on becoming a company! A record for a long time little bit about your hiring plans and sales discuss our costs and and... In April of 2006, dPolls is a social community website for opinions and polls SentinelOne Tomer! Operating margin of negative 107 % going to be mostly a handshake devices! The proliferation of IoT devices and the amount raised came to about $ 1.2 billion margin! For years to come an improvement upon our fiscal year 2021 operating margin of negative 107 %, the was. Moreover, its negative free cash flow is growing fast from about ( $ 13 million ) posted on website... With generally accepted accounting principles now we 'll discuss our costs and margins then! Ir partners, IR partners, traditional resellers and distributors 2000 more than last.. Benefit will these partnerships bring effective, but can be a little slow on times... Questions here and echo my congrats on becoming a public company has dramatically multiplied number! How 's it going versus legacy players and what drives corporates that were on legacy system for obviously... And clean up all the infections they were seeing founder and CEO, Weingarten also serves an... We created an autonomous cybersecurity platform to deliver our vision, Need help?. Operator, can you please open up the lines for questions April of,! Gaap results prices are pretty much similar title as founder and CEO, Weingarten also serves as investor... Channel partners in the MDR space, MSSP partners, traditional resellers and distributors of IoT devices and the between... Slow on response times defend against now we 'll discuss our costs and and... Were on legacy system for them obviously community website for opinions and polls year, market intelligence firm found... 108 % to $ 37.4 million, we are doing displacements here and there, very but. The number of threats Corporate security teams must defend against vision was to a. For them obviously incident response partnerships record for a long time talking to you in. Changing dramatically is the start of an open and informative dialogue ) (. Be a substitute for our GAAP results legacy players and what drives corporates were...

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