Dubai, UAE: Technology is moving fast, and SentinelOne continues to move fast with it. For the fifth consecutive year, the AI security leader has been named to the Deloitte Technology Fast 500, an annual ranking that recognizes the most innovative and fastest-growing companies in North America.
“Innovation and growth are the foundations on which SentinelOne is built,” said Tomer Weingarten, CEO, SentinelOne. “For more than a decade, we’ve pushed boundaries with relentless innovation, and we’re resolute in our mission to change the face of cybersecurity as we march toward profitability.”
Now in its 29th year, the Deloitte Technology Fast 500 ranks the fastest growing technology, media, telecommunications, life sciences, fintech and energy technology companies – both public and private – in North America. Winners are selected based on percentage growth in fiscal year revenue from 2019 to 2022. SentinelOne was ranked 177 on the list with revenue growth of 808 percent.
Strong growth
SentinelOne remains the fastest-growing cybersecurity company at scale, driven by stock gains not only in endpoint security, but also in cloud security, identity security and data analytics. As of the second quarter of fiscal 2024, total revenue increased 46 percent to $149 million compared to $103 million in the second quarter of fiscal 2023, and Annualized Recurring Revenue (ARR) increased 47 percent to $612 million.
“Despite uncertain market conditions, our business momentum remains strong, reflecting solid demand for our technology and our transformative approach to security,” Weingarten said.
Technological leadership
The threat landscape is evolving rapidly, and to keep pace, companies must shift from protecting endpoints, identity and cloud to protecting business. SentinelOne’s Singularity™ Platform is the first AI security platform to protect the entire enterprise, regardless of the attack vector. With Singularity, security teams can bring all their data together in one place and secure, enrich and act in ways that improve their security posture.
And companies all over the world are quickly adopting it to do just that. As of the second quarter of fiscal 2024, total customer numbers grew approximately 30 percent to over 11,000 customers, with customers with ARR over $100,000 growing 37 percent to nearly 1,000.
SentinelOne received five PeerSpot awards for the platform and was named the 2023 Best AI-Based CyberSecurity Solution Provider by the CyberSecurity Breakthrough Awards. The company was also recognized as a 2023 Gartner Peer Insights Customers’ Choice, with 96 percent of 1,462 professional users who provided reviews of the Singularity Platform saying they would recommend the solution.
Last week, the company announced the next generation of Singularity, which will set a new standard for security through improvements that will unleash the power of data and AI to drive faster and smarter security decisions.
“AI has reshaped the threat landscape and opened the door to a whole new set of attacks,” Weingarten said. “SentinelOne will continue to deliver innovative technologies that help businesses see around corners and proactively respond to them to keep their business secure.”
To learn more about SentinelOne and the value its solutions deliver to businesses around the world, click here.
About SentinelOne
SentinelOne is a global leader in AI security. SentinelOne’s Singularity™ platform detects, prevents and responds to cyber-attacks at machine speed, enabling 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, as well as prominent governments, trust SentinelOne to secure the future today. Visit www.sentinelone.com to learn more
About 2023 Deloitte Technology Fast 500
Now in its 29th year, the Deloitte Technology Fast 500 ranks the fastest growing technology, media, telecommunications, life sciences, fintech and energy technology companies – both public and private – in North America. Technology Fast 500 award winners are selected based on percentage growth in fiscal year revenue from 2019 to 2022.
To be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to the majority of the company’s operating revenue. Businesses must have base year operating income of at least $50,000 and current year operating income of at least $5 million. In addition, companies must be in operation for at least four years and be headquartered in North America.
About Deloitte
Deloitte provides industry-leading audit, advisory, tax and advisory services to many of the world’s most admired brands, including nearly 90% of the Fortune 500® and more than 8,500 US-based private companies. At Deloitte, we strive to live our purpose of making a difference that matters by building trust and confidence in a fairer society. We leverage our unique blend of business acumen, mastery of technology and strategic technology alliances to advise our clients across industries as they build their future. Deloitte is proud to be part of the largest global professional services network serving our clients in the markets that matter most to them. With more than 175 years of service, our network of member companies spans more than 150 countries and territories. Learn how Deloitte’s approximately 457,000 people worldwide connect to make an impact at www.deloitte.com.
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