SentinelOne raises $120M Series D to protect devices from diverse threats with AI-driven behavioral analysis
By Matt Ocko & Zack Bogue 06.05.19
After leading their seed funding and strongly contributing to every round since, DCVC is backing SentinelOne’s $120M Series D as they build AI-powered, uniquely resource-efficient, flexible, threat-neutralizing software for all digital devices. The volume and diversity of computer security threats has been steadily rising for decades. 2017 ushered in several high-profile ransomware attacks, like WannaCry and Petya, which impacted hundreds of thousands of computers in dozens of countries. 2018 saw a 8,500% rise in “cryptojacking”, where attackers harness stolen processing power to mine cryptocurrencies. Threats to mobile devices and industrial systems are becoming more widespread, including grave threats to critical infrastructure. To keep pace with the evolving threat environment, companies have been bringing on massive numbers of vendors to cover all their vulnerabilities. However, as the number of vendors rises, engineers find it increasingly difficult to integrate them in a useful way.
This trend is a problem not only because of the added complexity security engineers face, but also because each additional vendor is another point of possible security breach. Cisco estimates that “nearly half of the security risk that organizations face stems from having multiple security vendors and products”. As companies struggle to cover all possible vulnerabilities, they unintentionally open themselves to new attack vectors.
SentinelOne is combating this trend with an all-on-one protection platform that blocks known threats, identifies new ones through behavioral analysis, and automatically isolates and terminates exploits. The company backs its technology with a $1 million ransomware warranty. All of this is accomplished with software that requires so little memory it can be deployed on nearly any device - even the industrial machinery and infrastructure hackers are increasingly targeting.
As our lives are increasingly digitized and formerly analog machines migrate to the highly attacker-vulnerable Internet of Things, device and data protection become critical for civilized society to function. Most exploits are executed subtly and are only detectable for seconds or minutes. SentinelOne responds to threats of all levels quickly and decisively, without having to pull a human into the loop, without degrading performance on even the smallest computing footprint. Computer security threats are largely automated - the future of threat protection will be, too. We’re proud to support SentinelOne as they make the digital world a safer place.