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

SentinelOne, an AI endpoint safety agency that went public final June, has introduced the launch of S Ventures, a $100 million fund to put money into the era of enterprise cybersecurity startups.

The launch of S Ventures comes at an fascinating time for the cybersecurity market. Whereas startups on this sector have lengthy weathered the present financial storm higher than most, layoffs are actually turning into commonplace at cyber startups and new information exhibits that newest numbers are down throughout financing and M&A.

Tomer Weingarten, co-founder and CEO of SentinelOne, believes this wavering market represents a possibility for his firm, which is eager to diversify its focus away from mergers and acquisitions and into enterprise funding. SentinelOne not too long ago accomplished its $617 million acquisition of risk detection platform Attivo Networks, which adopted its takeover of Scalyr, a server log monitoring instruments supplier, for $155 million.

“For us, M&A is a really capital-intensive software,” Weingarten advised TechCrunch. “Enterprise, however, permits us to nurture an ecosystem round SentinelOne and in some circumstances drive higher outcomes for our clients. It’s an efficient software for us to drive any kind of impression we would like with out an excessive amount of use of capital.”

S Ventures will make investments throughout all phases within the startup lifecycle with a give attention to safety and information corporations that carry new concepts to its SentinelOne’s Singularity XDR Market, a platform that integrates safety functions and instruments throughout distributors right into a single platform while not having to code or realizing script.

“We’re attempting to give attention to concepts, applied sciences and folks that may drive outcomes within the enterprise, given we now have a really distinctive vantage level into enterprise infrastructure,” Weingarten mentioned.”However typically talking, we’re searching for corporations that may make a optimistic impression, are mission pushed and may disrupt positively.”

S Ventures has already invested in quite a lot of startups, together with API electronic mail safety platform Armorblox and steady cyber asset administration and controls platform Noetic Cyber. These startups be part of an already bumper checklist of S Ventures portfolio corporations together with Torq, a no-code safety automation platform accelerating complicated risk response workflows, and Laminar, a platform that gives full information observability throughout the general public cloud to cut back the assault floor and detect real-time information leaks.

“Once we work with these corporations, we provide recommendation and we now have among the finest operators within the enterprise, so it’s about serving to them scale,” Weingarten added. “It’s about serving to them not make the identical errors that we now have perhaps finished through the years.”

SentinelOne’s company improvement head Rob Salvagno will run the fund, backed by David Kellenberger within the U.S., and Iren Reznikov, the corporate’s director of company improvement and enterprise investments in Israel.