So the ability to really address all of these new opportunities in cybersecurity that might have not been there a couple of years ago are not only an opportunity, but also a competitive differentiator that we have. Even for the engine peers, I mean, we're seeing a lot of their customers and we've had a multi-million dollar displacement this quarter for a customer that grew increasingly frustrated with the multiple infections with inefficiency on protecting server environments. In closing, Q2 was an excellent quarter with strong execution, and we're expecting that momentum to continue into the second half of the year. Over the weekend, the company filed a prospectus for an initial public offering on Wall Street, and its hoping to benefit from investors optimism at/faith in CrowdStrike. Just on maybe a question for either Nick or Tomer, I wanted to dig into some of the partnership announcements you guys have made in recent months particularly with Zscaler and Cloudflare. Tomer Weingarten, co-founder and CEO, SentinelOne (Image: SentinelOne) Identity protection, XDR, data analytics and cloud security have been SentinelOne's biggest areas of investment during 2022 . Its zero additional deployment. What we're also finding is at time of sale for new customers, they're predicting landing with a complete package with other modules as well. The next question is from Saket Kalia with Barclays. Thank you. That gives me tremendous confidence in the long-term growth potential in front of SentinelOne. By building these rules, customers can drive automation between products in a meaningful way and remove risk from the system by reducing the system's dependence on humans, he says. For me, as a leader, a lot of it is just listening and remaining humble. in Finance from Santa Clara University. SentinelOne CEO Tomer Weingarten in an exclusive interview with @Nasdaq. documents contain and identify important risk factors and other information that may cause our actual results to differ materially from those contained in our forward-looking statements. I mean, how is going public helps in the enterprise or I guess landing kind of our partners or SI partners is, has the I guess the publicity and profile of being a public company assisted in that? In the industry, we saw a lot of opportunity in the endpoint market. Please refer to the documents we file from time to time with the SEC in particular, our S-1 and our quarterly report on Form 10-Q. 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. Combined with ongoing benefits from our product innovation, improved brand awareness and continuing to scale our go-to-market, this collectively supports our triple-digit growth outlook. You may proceed. Weingarten says clients also save money since all data that's collected natively by SentinelOne's agents is stored for free regardless of whether it resides on the endpoint or in the cloud or is tied to user identity. I have a quick one, if I can squeeze in, if not I'll ask you privately. So we're going to continue to invest and build and grow our go-to-market teams. Hot Topics 27 Febbraio 2023 | Nuove nomine di executive in SentinelOne; 27 Febbraio 2023 | Artemis nomina Alex Stanic nuovo Head of global equities; 27 Febbraio 2023 | Candriam: nuovo accordo con il Gruppo Sella; 27 Febbraio 2023 | Garbe industrial Real Estate Italy nomina Sara Labrini nel ruolo di Senior Technical Development Manager; 27 Febbraio 2023 | Massimo Braganti nominato Direttore . In our world, what we see changing dramatically is the proliferation of IoT devices and the dialogue between devices in the cloud. Can you just maybe help shape what's happening when these when these transactions are getting evolved and what you're seeing with overall expansion of deals? Cloud Security Prior to Nevro Corp., Ms. Ghatak served as Chief People Officer at GoodData Corporation, a Data Analytics software company, from December 2013 to October 2017. We took our technology to securing IoT devices, the datacenter, and even containerized cloud workloads. We ended Q2 with total basic shares outstanding of 265 million. We look at it as a contextual narrative, such as like telling a story, said Weingarten. Some people paint, some people write songs, some people are talented in different ways. and monitoring information security controls. Criminal syndicates love cybersecurity because its more lucrative, harder to pinpoint, and harder to attribute just a better system for them obviously. Our customers want real-time response and protection. We support and enable their business. And are there enough people out there to fulfill your needs? Now its worth about $10 billion, according to MarketWatch. 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. What type of capacity, you see going forward in terms of your ads for the next couple of quarters? Thanks. And we intend to do the same also on the mid-market where we enable our channel ecosystem to carry more than just endpoint protection and several cloud security. His background was mostly in analytics. in Manufacturing Engineering from Boston University, and a Ph.D. in Operations Research from the Massachusetts Institute of Technology. Mr. Conder brings over 25 years of experience scaling high-growth, public companies in the technology sector. National Institute of Standards and Technology (NIST), SentinelOne's Tomer Weingarten on Cloud, XDR and Analytics, Need help registering? Great. Sure. This is an improvement upon our fiscal year 2021 operating margin of negative 107%. He would team up with Almog Cohen, who was a security expert at Check Point Software Technologies. About seven years ago, my co-founder and I started looking at what type of solutions enable enterprises to figure out where the attack landscape is headed. Are you still seeing a lot of replacement of legacy out there, which would imply that there's still a long way to go in this markets? There's a lot more detail in our shareholder letter, which I welcome you to view on the Investor Relations section of our website. In the latest development, an Israel-hatched, [], As cybercrime continues to evolve and expand, a startup that is building a business focused on endpoint security has raised a big round of funding. It was really something that made me think, I want to invent something with software, too. 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. I think the tax that we choose to, be very transparent about what the company does is dispelled. Its implied valuation was $8.9 billion $2.2 billion more than CrowdStrikes $6.7 billion market debut in 2019, and a previous eras cyber defense IPO big winner, McAfee, noted CNBC. Our net retention rate was 129%, a new record for our company, fantastic execution from our sales and go-to market teams. 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. CEO Tomer Weingarten told Insider that the company is now eyeing acquisitions to grow its products. SentinelOne sits all the way down in 13th place in the worldwide corporate endpoint security space, with just 1.8% market share last year, according to IDC. Before our founding, Mr. Weingarten held various positions, including Vice President of Products, at Toluna Holdings Limited, a technology company that delivers real-time consumer insights, from May 2007 to December 2012, which he joined following the acquisition of Dpolls, a startup he had previously co-founded. Dave, when we think about your Czech Republic R&D facility, is that driven by global lack of talent? We also expanded our marketplace ecosystem through new partnerships with Zscaler and Cloudflare, partnering with other zero trust leaders strengthens our customers' security postures. We're still in early innings, but it's massive, its macro and its global. Once the data is ingested, Weingarten says, SentinelOne has mechanisms in its Singularity platform that let customers build rules around the collected data and invoke responses to those commands across any product. Well, you will encounter challenges to overcome on a daily basis. Attacks and threats are only becoming more sophisticated and more common and legacy solutions and human defenses just can't keep up. SentinelOne -- which provides a machine learning-based solution for monitoring and securing laptops, phones, containerised applications and the many other devices and services connected to a network -- has picked up []. A human powered 1-10-60 benchmark is a legacy model. So to only the end point refresh cycle, there's actually something that drives in overall look at your entire cyber security posture. And I think that comprises the vast majority of our pipeline. And as a result, we're delivering real-time industry leading threat detection and response from endpoint to IoT to cloud. During her tenure at Chegg Inc., Ms. Tomasello guided the companys accounting team from its 2013 IPO through periods of extensive revenue growth. And in fact, 50% of our customer base is running, our core control package, we can upgrade those folks to complete many modules to cross-sell and up-sell. We've achieved many important milestones already this year. You can support us for as little as $1 via PayPal at office@jewishbusinessnews.com. It's something that we'll deal with that forever. Got it. 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. References to "Qualcomm" may mean Qualcomm Incorporated, or subsidiaries or business units within the Qualcomm corporate structure, as applicable. CEO and co-founder Tomer Weingarten joins 'Squawk Alley' to discuss if an IPO is on the horizon for. Could you talk a little bit about your hiring plans and sales? These companies are more identified with firewall solutions. Tomer just sort of talked about this just briefly in the last question, but I was wondering if you could just double click a bit on the mix of customers across the different singularity peers specifically core control and complete. The estimated net worth of Tomer Weingarten is at least $3.91 million as of December 12th, 2022. As for SentinelOne, the vision was to build a next-generation cybersecurity platform that leveraged AI. Massive sales forces at various channel partners in the MDR space, MSSP partners, IR partners, traditional resellers and distributors. As it relates to some of the $1 million ARR customers that you landed. Or is there a big opportunity with those going forward? "Our competitors have gone down the path of multiple platforms and multiple offerings, beaming data from their EDR into their XDR. You may proceed. So we're really starting to see that, that flywheel kick-in, in all the different facets of go-to-market channel partner ecosystem. twitter, follow us on What we're seeing and Tomer talked about this is with a tremendous innovation, introduction of new modules, new surfaces to protect new problems to solve. We've also begun transitioning our data back into Scalyr for new proof-of-concept deployments, onboarding new customers at scale. The company's approach to the cloud limits trade-offs between performance and security and, unlike competitors, embraces an architecture that's compatible with the needs of cloud-native companies. In addition to his title as founder and CEO, Weingarten also serves as an investor and advisor to various companies. SentinelOne, Inc. (NYSE:NYSE:S) 24th Annual Needham Growth Conference January 11, 2022 1:15 PM ETCompany ParticipantsDoug Clark - Head, Investor RelationsTomer Weingarten - Chief Executive. Any forward-looking statements made during this call are being made as of today. But the last thing and this is not to be underestimated with our unique go-to-market business is that multi dimensional channel that we talked about. For all of us at SentinelOne, our values and goals align on protecting customers and putting them first. Let's discuss the business. in Computer Science from Tourou International University. Prior to that he held several application security and consulting roles at various enterprises, and was . Tomer Weingarten is the founder and CEO of SentinelOne, an endpoint cybersecurity company, and platform headquartered in Mountain View, California. The SentinelOne system is flexible as well. Our customers are diverse in size, scope and geography. Our growth is very well balanced across new and existing customers, as well as large and mid-sized enterprises. We added the highest number of million dollar ARR customers this past quarter. And specifically, when we talk about cloud security, we talk about workload protection platform and runtime protection. It was a lot of hard work, he said. Thank you for taking the question and congratulations on another really nice quarter of acceleration here. Before I turn into Nick and Dave, I want to say I'm excited about what we've achieved as the company. Even after backing out the $10 million and acquired ARR from Scalyr, our organic growth was still well into the triple digits. Its basically the go-to console for security operations people in some of the worlds largest organizations. I think that is what the ideal is," Weingarten says. Thanks for the questions, Hamza. And is this coming from an expansion in seats? Sure. 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