$S SentinelOne Inc Deep Dive and 2024 Outlook

The endpoint security company has sold off since the most recent earnings. Is it a buy?

SentinelOne Inc is an cybersecurity (endpoint security) company founded in 2013 by Tomer Weingarten, Almog Cohen, and Ehud Shamir, with Weingarten serving as CEO and Vats Srivatsan as COO. The company is based in Mountain View, California, with approximately 2,100 employees and offices in Mountain View, Boston, Tokyo, and Berlin.

SentinelOne uses machine learning for monitoring personal computers, IoT devices, and cloud workloads, with a patented behavioral AI heuristic model. The company is AV-TEST certified and has received significant funding, including $120 million in Series D in 2019 and $200 million in Series E in 2020, placing its valuation at about $1.1 billion.

SentinelOne's platform automates endpoint protection, detection, response, and remediation, offering large organizations a powerful security tool for protecting their data and devices. The company's approach of using artificial intelligence and automation-driven endpoint protection services has made it one of the fastest-growing cybersecurity companies, attracting some of the world’s largest companies as customers and earning industry accolades, including a spot on the CNBC Disrupter 50 list, being named the highest-rated vendor on Gartner Peer Insights “Voice of the Consumer: Endpoint Detection and Response Solutions” report, and being listed as the 7th fastest growing company in the latest Deloitte Technology Fast500.

SentinelOne's Singularity Platform detects, prevents, and responds to cyber attacks at machine speed, empowering organizations to secure endpoints, cloud workloads, containers, identities, and mobile and network-connected devices with speed, accuracy, and simplicity. Over 11,000 customers, including Fortune 10, Fortune 500, and Global 2000 companies and prominent governments, trust SentinelOne to secure the future today.