SentinelOne IPO: Everything you need to know about SentinelOne

US cybersecurity company SentinelOne has targeted aggressive growth after a succession of substantial fundraises, and held its IPO in June 2021. Here’s more on the listing and why the company is making waves in the industry.

Crypto 10

When did SentinelOne IPO?

The SentinelOne IPO took place on June 30 with the listing raising around $1.2 billion. The company priced 35 million Class A shares at $35, but closed the following day at $42.50 for a market capitalisation of some $10 billion.

Interested in trading more IPOs? Check out our list of IPOs for 2021

What does SentinelOne do?

SentinelOne is a Silicon Valley-based cybersecurity company offering machine learning-focused software to help businesses fend off online attacks.

The company was founded in 2013 by serial entrepreneur Tomer Weingarten, along with Almog Cohen and Ehud Shamir. It began with a vision to redefine endpoint security; an endpoint being any device, such as a laptop or desktop computer, connected to a network.

The team sought to set the business apart from signature-based security techniques through its ‘execution inspection technology’, a real-time system that dynamically monitors endpoint processes to detect, predict, block and remove both known attacks and advanced malware.

In its founding year, the company was able to secure a $2.5 million round of seed funding led by Granite Hill Capital Partners. The investment was put towards R&D and moving the product from beta to launch. A $25 million round followed in 2015, this time led by Third Point Ventures, which allowed the company to expand sales, marketing, and customer support operations.

SentinelOne would go on to raise a further six rounds to the present day, with its total funding sitting at $696 billion, according to Crunchbase. The company’s revenues for 2020 were in excess of $93 million, more than double the sales from 2019. As of June 2021, the company has around 700 employees and more than 4,000 customers. 

How does SentinelOne make money?

SentinelOne makes money through the sale of its endpoint security software to enterprises, with the company operating a tiered pricing system starting at $45 per user per year. For comparison, the Falcon Prevent Next Generation Antivirus product from close competitor CrowdStrike (see below) starts at $59.99 per user per year.

Who are SentinelOne’s competitors?

SentinelOne has a broad range of competitors in the cybersecurity space including Microsoft, Kaspersky, McAfee, Symantec and many others. However, CrowdStrike, founded in 2011 and with backing to the tune of $481 million, is seen as the closest competitor in terms of endpoint protection services, with both companies using AI machine learning techniques to protect endpoints from attacks.

However, Crowdstrike’s valuation stands at around $46 billion as of 2021, dwarfing the valuation of SentinelOne even in the event of the latter hitting its IPO target valuation. As to which service is better, there is no clear consensus at this point, with a Gartner peer rating of 4.9 stars out of 5 for each service as of June 2021.

What is SentinelOne's business strategy?

SentinelOne’s business strategy, in its simplest terms, is to help companies protect their data. But the basis of this strategy involves constant evolution as attackers frequently update their approach to disrupting operations, breaching data, and inflicting damage. To this point, the company has evolved from a cloud-native endpoint protection solution to a comprehensive cybersecurity platform that seeks to protect every asset in an enterprise.

After its 2015 financing round of $25 million, the company embarked on a hiring push to grow headcount from 50 to 120, with Weingarten expressing the intention to ‘reinvent most of the stuff that’s out there’. By 2017, and a $70 million fundraise later, the company rapidly expanded its sales and marketing efforts and R&D in an attempt to bring its product to enterprises, services providers and government organisations.

Along the way, SentinelOne has partnered with other tech organisations to broaden the reach of its product. In March 2020 the company announced a plan to partner with manufacturer Lenovo to integrate SentinelOne’s platform within Lenovo’s ThinkShield security portfolio, making SentinelOne a core component of Lenovo’s security offerings. Other collaborations include cyber insurance operator Coalition and IT solutions company Bytes.

Is SentinelOne profitable?

SentinelOne is not profitable as of June 2021. Figures from the company show a net loss of $62.6 million for the three months ending April 30 2021. As with many unprofitable companies set to IPO, investors will be keen on understanding how long the company expects to sustain a burn rate and when the move into profitability is expected to occur.

How much is SentinelOne worth?

SentinelOne has a market capitalisation of around $10 billion following its IPO, as mentioned above. Prior to the listing, the company's value stood at around $3 billion following its 2020 fundraise of $267 million.

Who owns SentinelOne?

SentinelOne is owned by a range of venture capital investors such as Insight Partners, Granite Hill Capital Partners, Tiger Global Management, Redpoint, and Third Point Ventures. However, it is unclear what the exact percentage stakes are for each institution, or how much of the company is retained by its founders.

Board of directors of SentinelOne

SentinelOne has a number of key personnel that have helped progress the company to its current multi-billion-dollar valuation. Here are some of them, correct as of June 28 2021.



CEO and Co-Founder

Tomer Weingarten

Chief Operating Officer

Nicholas Warner

Chief Financial Officer

David Bernhardt

Chief Marketing Officer

Daniel Bernard

Chief Technology Officer

Ric Smith

Chief People Officer

Divya Ghatak

SVP, Global Sales

Mark Parrinello

How to trade top stocks

You can trade stocks with us using CFDs, with spreads from 0.1%. Follow these easy steps to start trading opportunities with stocks.

  • Open an account with us, or log in if you’re already a customer.
  • Search for the company you want to trade in our award-winning platform
  • Choose your position and size, and your stop and limit levels
  • Place the trade

More from Insights


This report is intended for general circulation only. It should not be construed as a recommendation, or an offer (or solicitation of an offer) to buy or sell any financial products. The information provided does not take into account your specific investment objectives, financial situation or particular needs. Before you act on any recommendation that may be contained in this report, independent advice ought to be sought from a financial adviser regarding the suitability of the investment product, taking into account your specific investment objectives, financial situation or particular needs.

StoneX Financial Pte. Ltd., may distribute reports produced by its respective foreign entities or affiliates within the StoneX group of companies or third parties pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the report is distributed to a person in Singapore who is not an accredited investor, expert investor or an institutional investor (as defined in the Securities Futures Act), StoneX Financial Pte. Ltd. accepts legal responsibility to such persons for the contents of the report only to the extent required by law. Singapore recipients should contact StoneX Financial Pte. Ltd. at 6826 9988 for matters arising from, or in connection with the report.

In the case of all other recipients of this report, to the extent permitted by applicable laws and regulations neither StoneX Financial Pte. Ltd. nor its associated companies will be responsible or liable for any loss or damage incurred arising out of, or in connection with, any use of the information contained in this report and all such liability is hereby expressly disclaimed. No representation or warranty is made, express or implied, that the content of this report is complete or accurate.

StoneX Financial Pte. Ltd. is not under any obligation to update this report.

Trading CFDs and FX on margin carries a high level of risk that may not be suitable for some investors. Consider your investment objectives, level of experience, financial resources, risk appetite and other relevant circumstances carefully. The possibility exists that you could lose some or all of your investments, including your initial deposits. If in doubt, please seek independent expert advice. Visit for the complete Risk Disclosure Statement.