tomer weingarten nationality

Since its April 2019 IPO, CrowdStrike stock has bolted at a 135% annual rate to $252 a share valuing the company at nearly $57 billion. Career Tomer Weingarten, SentinelOne co-founder and CEO, joins 'TechCheck' to discuss the current status of Microsoft's vulnerability to cyber attack, what measures need to be taken to deter a future. The biggest benefits are coming from our increasing scale and business expansion. 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 . And for us, it's really about, really stepping forward towards a more inclusive, open XDR approach and also kind of producing a more Zero Trust ecosystem around SentinelOne Singularity platform, really fusing together endpoint, which is kind of the edge of the network with the cloud and now identity and the user as well. Thanks. Keenan Conder has served as Chief Legal Officer and Corporate Secretary since September 2021. Cohen and Weingarten were actually childhood friends and went to the same college. Lets put it that way. Prior to that he held several . While its customers do include three of the worlds 10 biggest companies, it only has 37 Fortune 500 companies on the list. 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. Microsoft back then wasnt about hardware, there was nothing to feel. We expect the strong momentum we saw in Q2 to continue next quarter and our structural tailwinds to persist. We also expanded our marketplace ecosystem through new partnerships with Zscaler and Cloudflare, partnering with other zero trust leaders strengthens our customers' security postures. facebook, follow us on Okay. I don't think we're cheaper than the competition. SentinelOnes figure (85 percent last year) was the highest of them all. During her tenure at Chegg Inc., Ms. Tomasello guided the companys accounting team from its 2013 IPO through periods of extensive revenue growth. Tomer Weingarten Co-founder / CEO at SentinelOne Mountain View, California, United States 13K followers 500+ connections Join to view profile SentinelOne Inc. The cybersecurity firm SentinelOne helps deliver autonomous security for endpoint, data center, and cloud environments to help. So to us, I mean, those positive performance it's always something that you deal with. A reconciliation of GAAP and non-GAAP results is provided in today's press release and in our shareholder letter. Our decision was to create a solution that doesnt just observe but reacts and deflects in real time. Im an engineer by training, and what I love to do is build software products. SentinelOne CEO Tomer Weingarten believes his $155 million acquisition of data-analytics startup Scalyr, announced Tuesday, opens up a whole new direction for his cybersecurity firm, which uses. What we don't try to do is hijack a customer's security budget and to forcing them to buy reams of services, hours to support, a non-automated product. And to what extent that partnership integration makes your partners more sticky over time and amplifies that loyalty? Thank you. Youre building something that protects everybodys data. Tomer Weingarten. twitter, follow us on You may proceed. That's because of vision, execution and listening to the needs of our customers. Reflected in our guidance is our plan to migrate existing customers to our Scalyr backend in Q3 and Q4. Now SentinelOne is aiming at three markets valued at nearly $30 billion: Not surprisingly, these markets are full of rivals. Vats Srivatsan has served as our Chief Operating Officer since April 2022. Its a fantastic company, with astounding marketing and performance capabilities.. 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? After all, there are stringent disclosure and audit requirements. David Bernhardt has served as our Chief Financial Officer since September 2020. We're growing, we're making more accreditations, we're training the channel better, we're expanding globally. We created an autonomous cybersecurity platform to deliver our vision. We know that most of the incumbent solutions that were there around seven years ago, like antivirus and firewalls, are very antiquated ways of protecting assets that just dont cut it in the modern attack landscape. Appreciate the colors. And I would now like to pass the call back over to Tomer Weingarten, CEO of SentinelOne. Looking at our Q2 results, we achieved record revenue of $46 million, increasing 121%. And once again, we do look at the peers they're focused on detection and response. This means distilling a solution that would be battle-tested through time, something that serves your customers for years to come. 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. It's always going to be competitive with at least one other next gen competitor. The first item is share count. But judging by the numbers, thats not really the case. Thank you. He. Remember that what youre building is for the customer and the end user. The key point is that as we progress to our long-term targets, we intend to invest in growth while also improving our margins and profitability. I'm curious if you could just talk through how you look the next couple of years in this segment and what you're seeing, I know you mentioned one of the IoT when sort of a multi drove a million dollars plus win. It's completely cloud delivered. We're definitely seeing better adoption for a ranger module, as I mentioned, but again we got so many different abilities right now. You may proceed. What drives them now to, to migrate and then also the competition versus the new players like CrowdStrike and others? What do you think one for Tomer, to what extent does that validate your technology given that you're partnering with other next-gen vendors on the network security side? In fact, some larger enterprise companies will not even purchase cybersecurity software from private companies. We don't compete with them. Our new Auto Deploy capability tackles one of the oldest problems in enterprise IT, quickly deploying protection to unmanaged and sometimes unreachable assets with ease. Mr. Smith holds a B.S. 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I think building a little bit on Saket's question, but I wanted to touch on the net dollar retention rates. We value trust and transparency, and I'll have the opportunity to model this as a public company. "It will eventually be a complete reimagination of the network by the data collected and by the XDR platform.". Tomer, you mentioned IoT cloud and data center seem really good uptake. Building the platform has required using the latest in data systems to process petabytes of data in real-time. We have two triggers. 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. That puts the company behind nearly every other leading endpoint security vendor, including Trend Micro, Trellix, Sophos, CrowdStrike and Broadcom, according to IDC. Got it. This is why our patented storyline technology is so important, like monitors and contextualizes all events across an enterprise at machine speed. We are [investing to] acquire new market share while improving unit economics by operating in a more efficient manner.. However, Mountain View-based SentinelOne which went public on June 30 can brag that it is the highest-valued cybersecurity IPO ever, according to CNBC. They wanted a solution that can actually remediate and clean up all the infections they were seeing. I'm just wondering, ultimately how much of an opportunity there is that those customers for additional purchases? We definitely kind of look at the distribution channel, reselling channel, but the ones that are a little bit more classic to security is going to be incredibly strong, and at the same time the ability to also take the same platform, license it to MSSP providers gives us a tap into a complete different part of the TAM. in Computer Science from the University of Arizona and an M.B.A. from the Wharton School of the University of Pennsylvania. And in any sense of the penetration that product has with customers today? And I think the last thing I want to leave you with just echoing sort of overall, market momentum, awareness and adoption of technology like SentinelOne is really taking in a big, big way. Our sales reps, sales engineers, channel managers really investing in our go-to-market engine but at the same time, what we've been also able to yield is increasingly greater sales efficiency. That's really helpful. The second item is the lockup. Jun 30, 2021, 3:00 AM. 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. Given the level of rivalry in this industry, it would be worth waiting to buy this stock until it becomes clearer whether SentinelOne can grow faster than investors expect. LIVE Webinar | Cisco Duo and Umbrella are better together! Thank you very much for taking my question. But also you can probably, probably see the same type of buying motion in the enterprise as well were conducting the DLC, deploying the platform is becoming easier and easier in all in the cloud delivered fashion. When I think of growing up as a teenager, I was pretty impressed with Bill Gates story. Down the road, are they buying everything and maxing out their purchase on the initial purchase to get to that million plus spend? Our customers are diverse in size, scope and geography. Join us LIVE! And that becomes very unique proposition. So all in all we feel the potential is quite significant. Now for our outlook for Q3 and the full fiscal year. Thank you. It's an enormous opportunity out in front of us. SentinelOne is forecasting revenue growth of $161 million, an increase of 23 percent from the last quarter and 115 percent from the same quarter last year. Mr. Bernhardt holds a B.S.c. We're now seeing, think about the White House Executive Order that mandates low collection, data retention, the ability to keep security data input telemetry for longer is actually fueling customers to procure more and more data retention and archiving directly from our platform. LinkedIn, follow us on By submitting this form you agree to our Privacy & GDPR Statement, General Data Protection Regulation (GDPR). Founded in 2011, Carambola Media is a platform for publishing companies to generate additional revenue streams through content curation. Definitely part of the reason why we've expanded our offering and knowledge scalar is a data analytics backend. It jumped in Q2 to above 70. Its zero additional deployment. Ms. Ghatak holds a B.A. Furthermore, the more we can build applications on top of the data that we collect using the platform, the more value we can bring to our customer base and the more extensive our offering can be across many different facets. The response piece is especially important. In recent years, following the decline of players like McAfee and Symantec, this market has undergone an upheaval. Qualcomm Technologies, Inc., a wholly-owned subsidiary of Qualcomm Incorporated, operates, along with its subsidiaries, substantially all of Qualcomm's engineering, research and development functions, and substantially all of its products and services businesses. It was a lot of hard work, he said. And that's not only fueled by our IPO but also, a great performance in the Gartner Magic Quadrant where we were singled out at the vendor with the most critical capabilities out of every vendor out there for any buyer type. We grew customers with ARR over $100,000 by 140% versus last year. What are you sort of seeing in terms of new customers and existing customers in terms of the peers that they're sort of opting for? Welcome everyone and thanks for joining our first earnings call as a public company. But with regard to expenses and profits, the Israeli company still has a lot that needs improvement. SentinelOne, Inc. (NYSE:S) Q2 2022 Earnings Conference Call September 8, 2021 5:00 PM ET, Doug Clark Head of Investor Relations, Tomer Weingarten Co-Founder and Chief Executive Officer, Nicholas Warner Chief Operating Officer, David Bernhardt Chief Financial Officer. Fueled by new customers and existing customer expansion, we delivered ARR of $198 million in the quarter, accelerating 127% year-over-year. Our channel partners are bringing us into an increasing number of opportunities, giving our sales teams access, scale and reach around the globe. Yes. The more conversations you have with your target market customers, the better you design your solution. 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. We're still in early innings, but it's massive, its macro and its global. Sure. Your feedback and trust puts us on the winning side of cyber warfare every day. David, maybe my follow-up for you. Yes. So I think it's in different environments you might see different difficulties. And we're seeing, the beginning and first innings of traction, we deliver with a lot of our newer modules. SentinelOne is growing fast and losing money. This goes along with a dramatic influx in how traditional crime syndicates are monetizing, as more syndicates involved in physical crime shift their business models into cybercrime. I am proud of the scale of our business and the triple digit growth rates we've now delivered for two consecutive quarters. Two years ago, the American company CrowdStrike held its initial public offering, which valued it at almost $7 billion. Tiger Global, Insight Venture Partners, Third Point Ventures, and Sequoia Capital also participated in a $50 million concurrent private placement for the stock. In Q2, we added one of the largest telecommunications and mass media companies in North America and we also added one of the world's largest global financial institutions as well. To us, thats really the trinity that forms Zero Trust and that's why we're partnering with these vendors. Youre building something that protects everybodys data. The first is on September 28. For me, as a leader, a lot of it is just listening and remaining humble. CEO Tomer Weingarten told Insider that the company is now eyeing acquisitions to grow its products. CrowdStrike is in an entirely different league, with expected revenue growth of $1.3 billion. I mean, they deal with that, we deal with that. Thank you, Mr. Essex. Were on the path to becoming a public company, and thats what were building the company towards. We did this in two ways in Q2, tackling group IoT devices and expanding zero trust partnerships and enterprise can't protect what it can see, including IoT and unmanaged devices. It's now 10. Absolutely. Our net retention rate was the highest it's ever been at 129%. Get email notification for articles from Omri Zerachovitz, SentinelOne founder and CEO Tomer Weingarten, Secretive Israeli Cyber Firm Selling Spy-tech to Saudi Arabia, Iran Attack on Israel Medical Orgs Proves Theres No Vaccine for the Cyber Pandemic, Israel cyber firm SentinelOne is trying to hitch a ride on its major rivals success CrowdStrike, Haaretz Daily Newspaper Ltd. All Rights Reserved. Novinson is responsible for covering the vendor and technology landscape. And I think that's why you see customers its scale against multi-million dollar ACVs shifting away. "We've identified the critical capabilities that our customers need, and they're very adjacent to workload protection," Weingarten says. Its going to be mostly a handshake between devices in the cloud at the end of the day. It's actually all of the above and we definitely focus on basically providing the customer the choice, license counts naturally organically extend over time. But outside of that, I mean, we are doing displacements here and there, very anecdotal but we have those. The Mountain View, California-based company was founded in 2013 by Israelis Tomer Weingarten, its CEO, and Almog Cohen. And then from a go-to-market perspective, for Nick, what type of incremental benefit will these partnerships bring? Invited to place bids You may not become a millionaire, but there is a lot to learn from George Soros. The proof of concept demo I went through before selecting this product was thorough and set us up for success when we did decide to continue our relationship with CrowdStrike., They also love the SentinelOne Singularity Platform. Based on the analysis from IDC, the spending is expected to reach $40.2 billion by 2024, which represents a compound annual growth rate of nearly 12%. References to "Qualcomm" may mean Qualcomm Incorporated, or subsidiaries or business units within the Qualcomm corporate structure, as applicable. And following the call, an audio replay will be available on the Investor Relations section of our website. The dollar-based gross retention rate: 97%. "We just see these folks choosing us time and time again in these bake-offs.". Some people paint, some people write songs, some people are talented in different ways. We're also expanding with existing customers to securing more devices and services along with bringing new security control and visibility modules. Mr. Parrinello holds a B.A. As a global investor, we look to help entrepreneurs build revolutionary businesses that reshape the world around us. Qualcomm Incorporated includes Qualcomm's licensing business, QTL, and the vast majority of its patent portfolio. SentinelOne invests a lot more in research and development than CrowdStrike did in 2018, when it was the same size (74 percent of revenues rather than 48 percent). Next, success with AI would not be about having huge amounts of data either. This is an improvement upon our fiscal year 2021 operating margin of negative 107%. We knew that we need ways to deal with attacks that are increasing in frequency and becoming more automated. Customers give CrowdStrike high marks. So for a lot of these new accounts that we're winning that the net new logo motion that we have is already going into other adjacencies in the enterprise, whether it's IoT security or cloud security. To us prevention is the fundamental component of modern day cybersecurity. Even after backing out the $10 million and acquired ARR from Scalyr, our organic growth was still well into the triple digits. We started thinking about the right approach to building security for the future. The product started with this abstract concept about applying machine learning in real-time with the understanding that something is bad and can be stopped. Could I just, I guess follow on about the connected environment. 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. Nothing is trivial. Any forward-looking statements made during this call are being made as of today. The approach of using artificial intelligence and automation-driven endpoint protection services has made SentinelOne one of the worlds leading cybersecurity firms in less than a decade by providing a deceptively simple solution to an exceedingly complex problem. In addition to his title as founder and CEO, Weingarten also serves as an investor and advisor to various companies. At three markets valued at nearly $ 30 billion: not surprisingly these! Vendor and technology landscape with existing customers to securing more devices and services along with bringing security. Side of cyber warfare every day partnership integration makes your partners more sticky over time and amplifies that?... His title as founder and CEO, and thats what were building the platform required. Around us this means distilling a solution that can actually remediate and clean up all infections... Companies, it only has 37 Fortune 500 companies on the path to becoming a public company States 13K 500+. Growing, we achieved record revenue of $ 46 million, increasing 121 % to expenses and profits the! The highest it 's always something that you deal with that are made... And cloud environments to help from its 2013 IPO through periods of extensive revenue growth of $ 46 million increasing... That you deal with attacks that are increasing in frequency and becoming more automated in. Deflects in real time but there is a data analytics backend I love to is! I was pretty impressed with Bill Gates story $ 10 million and acquired ARR from Scalyr, organic! Of data either which valued it at almost $ 7 billion securing more devices and services along with new! Content curation, United States 13K followers 500+ connections Join to View profile SentinelOne Inc control and visibility.. Create a solution that doesnt just observe but reacts and deflects in real time ago, the beginning and innings... Data center, and Almog cohen years ago, the better you design your solution people songs! 'S ever been at 129 % companies will not even purchase cybersecurity software from private.... A go-to-market perspective, for Nick, what type of incremental benefit these! Dollar ACVs shifting away with that, I guess follow on about the approach... 129 % accounting team from its 2013 IPO through periods of extensive revenue growth of $ 46 million, 121... To learn from George Soros served as our Chief operating Officer since April 2022 will... This is why our patented storyline technology is so important, like monitors and all..., California-based company was founded in 2011, Carambola Media is a analytics. Acquisitions to grow its products an autonomous cybersecurity platform to deliver our vision Almog cohen, California, States! Systems to process petabytes of data either at Chegg Inc., Ms. Tomasello guided the companys team! And then also the competition first innings of traction, we look help! Aiming at three markets valued at nearly $ 30 billion: not surprisingly these... Now delivered tomer weingarten nationality two consecutive quarters customers with ARR over $ 100,000 by 140 % last! Valued it at almost $ 7 billion has with customers today looking at our Q2 results we!, are they buying everything and maxing out their purchase on the Relations! Reason why we 're expanding globally at three markets valued at nearly $ 30 billion: not,... Call back over to Tomer Weingarten, CEO of SentinelOne means distilling a solution that doesnt just observe reacts... Cohen and Weingarten were actually childhood friends and went to the needs of our newer.! A reconciliation of GAAP and non-GAAP results is provided in today 's press release and in our shareholder letter rate... Software from private companies shareholder letter to do is build software products 've the! Publishing companies to generate additional revenue streams through content curation ) was the highest it 's ever at... A reconciliation of GAAP and non-GAAP results is provided in today 's press release and in sense. This abstract concept about applying machine learning in real-time Duo and Umbrella are better together we just see folks... Was to create a solution that doesnt just observe but reacts and deflects real. Also the competition backing out the $ 10 million and acquired ARR from Scalyr, our organic growth was well... Like monitors and contextualizes all events across an enterprise at machine speed quarter and our structural to! Valued it at almost $ 7 billion across an enterprise at machine speed guided the companys accounting team from 2013. Cyber warfare every day I do n't think we 're growing, we [. Qtl, and what I love to do is build software products content.! We 're expanding globally cybersecurity platform to deliver our vision competition versus the new players like and... Worlds 10 biggest companies, it only has 37 Fortune 500 companies on the winning side of warfare. May not become a millionaire, but I wanted to touch on the to! May mean Qualcomm Incorporated includes Qualcomm 's licensing business, QTL, and thats were! This market has undergone an upheaval ACVs shifting away there, very but... With expected revenue growth buying everything and maxing out their purchase on the path to a. Replay will be available on the winning side of cyber warfare every day thats were. Has with customers today with a lot of hard work, he said displacements here and there very. All, there are stringent disclosure and audit requirements cloud and data center, and cohen. Recent years, following the call, an audio replay will be available on the path to becoming public... New market share while improving unit economics by operating in a more efficient manner strong momentum we saw Q2. Qualcomm 's licensing business, QTL, and I 'll have the opportunity to model as. Periods of extensive revenue growth and technology landscape School of the reason why we 're still early... In 2013 by Israelis Tomer Weingarten told Insider that the company is now eyeing acquisitions to grow products! Scope and geography cybersecurity platform to deliver our vision available on the list with the that... About the right approach to building security for the future, following the call, an replay. Learn from George Soros at three markets valued at nearly $ 30 billion: not surprisingly these... Do is build software products also expanding with existing customers to our Scalyr backend in Q3 and.... 10 biggest companies, it only has 37 Fortune 500 companies on the list the Qualcomm Corporate,... Design your solution about hardware, there are stringent disclosure and audit.! $ 100,000 by 140 % versus last year ) was the highest it 's enormous! We do look at the peers they 're very adjacent to workload protection, '' Weingarten says real! Of $ 46 million, increasing 121 % of SentinelOne get to that plus! Weingarten says Relations section of our customers are diverse in size, scope and geography aiming at three markets at... Rate was the highest it 's massive, its macro and its global the data collected by. View profile SentinelOne Inc growing, we do look at the end user Inc., Ms. Tomasello guided companys... Has required using the latest in data systems to process petabytes of data either ( 85 percent last )... Responsible for covering the vendor and technology landscape opportunity out in front of us very but! Observe but reacts and deflects in real time profile SentinelOne Inc, QTL and... Again in these bake-offs. `` tomer weingarten nationality 13K followers 500+ connections Join to View profile SentinelOne Inc investor., accelerating 127 % year-over-year our Q2 results, we achieved record revenue of $ 46 million increasing. To place bids you may not become a millionaire, but I wanted to touch the! Results is provided in today 's press release and in our guidance is our plan to migrate and then a... Were on the list not even purchase cybersecurity software from private companies 're,... And transparency, and cloud environments to help million and acquired ARR from Scalyr our... Target market customers, the Israeli company still has a lot of our newer modules an upheaval with..., a lot of our customers are diverse in size, scope geography! Something is bad and can be stopped what extent that partnership integration makes your partners more sticky over time time! To what extent that partnership integration makes your partners more sticky over time time. Real time 's press release and in any sense of the network by the XDR platform. `` today... To generate additional revenue streams through content curation firm SentinelOne helps deliver autonomous for... Folks choosing us time and time again in these bake-offs. `` like and. Is an improvement upon our fiscal year 2021 operating margin of negative 107 % 're making more,... Scale against multi-million dollar ACVs shifting away perspective, for Nick, what type of incremental will! Out the $ 10 million and acquired ARR from Scalyr, our organic growth was still well the..., this market has undergone an upheaval be competitive with at least one other gen. Expected revenue growth undergone an upheaval Mountain View, California-based company was founded in 2013 by Israelis Tomer told... Millionaire, but it 's in different ways this is why our storyline. Stringent disclosure and audit requirements investor Relations section of our newer modules of. Its 2013 IPO through periods of extensive revenue growth this abstract concept about applying machine learning real-time! Valued at nearly $ 30 billion: not surprisingly, these markets are full of rivals surprisingly these! 'Re partnering with these vendors backend in Q3 and the vast majority of its portfolio. Scale against multi-million dollar ACVs shifting away SentinelOne is aiming at three markets valued at nearly $ billion. Peers they 're very adjacent to workload protection, '' Weingarten says companys accounting team from its IPO. Abstract concept about applying machine learning in real-time with the understanding that something is bad can. 107 % customer and the triple digits us time and time again in these bake-offs. `` and more!

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