9:37:46 PM PDT - Wednesday, October 5th, 2022

SentinelOne launches $100M fund to invest in enterprise cybersecurity startups  

By Editor - Wed Sep 21, 8:53 am

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SentinelOne, an AI endpoint security firm that went public last June , has announced the launch of S Ventures, a $100 million fund to invest in the generation of enterprise cybersecurity startups. The launch of S Ventures comes at an interesting time for the cybersecurity market. While startups in this sector have long weathered the current economic storm better than most, layoffs are now becoming commonplace at cyber startups and new data shows that latest numbers are down across financing and M&A . Tomer Weingarten, co-founder and CEO of SentinelOne, believes this wavering market represents an opportunity for his company, which is keen to diversify its focus away from mergers and acquisitions and into venture funding. SentinelOne recently completed its $617 million acquisition of threat detection platform Attivo Networks, which followed its takeover of Scalyr, a server log monitoring tools provider, for $155 million. “For us, M&A is a very capital-intensive tool,” Weingarten told TechCrunch. “Venture, on the other hand, allows us to nurture an ecosystem around SentinelOne and in some cases drive better outcomes for our customers.

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SentinelOne launches $100M fund to invest in enterprise cybersecurity startups

  • Comments Off on SentinelOne launches $100M fund to invest in enterprise cybersecurity startups

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