tomer weingarten nationality

Prior to joining us, Mr. Ashkenazi served in various leadership positions at Check Point Software Technologies, Ltd., a cybersecurity company, including as Head of Global Professional Services, from January 2004 to May 2014. And with that, let me turn it to Nick Warner, our Chief Operating Officer. As we spend more, we grow more. Hey guys, thanks for taking my questions here and echo my congrats on becoming a public company. Got it. Both companies have one figure thats identical their dollar-based net retention rate, which reflects growth in revenues from existing companies. 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. And then from a go-to-market perspective, for Nick, what type of incremental benefit will these partnerships bring? As a global investor, we look to help entrepreneurs build revolutionary businesses that reshape the world around us. Our business is expanding well into the triple digits, both for ARR and revenue and our guidance for Q3 shows that we expect that to continue. I'm even more excited about what we can do from here. And with our vision of XDR being open, being inclusive, being easy to use, what we're really doing is up-levelling the capabilities of those traditional and already installed products, adding tremendous value with the Singularity platform, but weaving that all in together to a complete and holistic view of security, which is really the promise that we're delivering upon with XDR. Your feedback and trust puts us on the winning side of cyber warfare every day. Its basically the go-to console for security operations people in some of the worlds largest organizations. In 2019, Weingarten told me the company was enjoying300% growth year-on-year. Yesterday he said, We have grown at over 100% year over year for the last several quarters and in the first quarter annual recurring revenues were up 116%., SentinelOne views cash flow positivity and profitability as a long-term target, he told me. When it comes to our modules, our innovations help enterprises do more. Cookies enable us to provide the best experience possible and help us understand how visitors use our website. The offering was then priced at $35 and the amount raised came to about $1.2 billion. Clearly competition in this industry will remain fierce. Weingarten says cloud has become the fastest-growing part of the Silicon Valley-based company's business, appealing even to customers who might have chosen a different vendor for endpoint security. Despite the claim, CrowdStrike is more profitable and on the other hand SentinelOnes revenue costs consist mainly of maintaining its cloud. Looking back, it took over three years to reach a $100 million in ARR and just three quarters to nearly reach the next $100 million. Prior to joining us, Ms. Ghatak led HR globally as Vice President, People at Nevro Corp., a global medical technology company, from April 2017 to April 2020. And we will add more modules to our service, he said. Appreciate the colors. In our world, what we see changing dramatically is the proliferation of IoT devices and the dialogue between devices in the cloud. These non-GAAP measures are not intended to be a substitute for our GAAP results. I mean, we feel it's going to hover around these rates for kind of the foreseeable future, and we like their contribution. Were on the path to becoming a public company, and thats what were building the company towards. That concludes the conference call. "You're starting to see what the XDR strategy really looks like for some of these vendors," Weingarten says. Weingarten served as the company's co-founder and CTO from May 2011 to May 2012. Yes. The Mountain View, California-based company was founded in 2013 by Israelis Tomer Weingarten, its CEO, and Almog Cohen. In the first quarter alone, it burned through $33 million. Thank you. So it's incredibly easy to consume. And once again, we do look at the peers they're focused on detection and response. Youre building something that protects everybodys data. Our focus with Scalyr is obviously been on implementing the technology not on really pushing our go-to-market. We will make acquisitions for example, we acquired a data analytics company. Any forward-looking statements made during this call are being made as of today. 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? 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. Attacks and threats are only becoming more sophisticated and more common and legacy solutions and human defenses just can't keep up. The only way to ensure safety and security is with zero trust. It was a lot of hard work, he said. And it's kind of a game that we saw a film that we already saw and we see it growing over time. improve their organizations' risk management capabilities. Cloud Security SentinelOne is growing fast and losing money. Security teams simply can't analyze and respond to billions of events every day. CrowdStrike is in an entirely different league, with expected revenue growth of $1.3 billion. Before SentinelOne, Tomer led product development and strategy for the Toluna Group as a VP of Products. And it also want to know, enables these partners to basically deliver their services in a much more effective manner. If it beats expectations and raises guidance, I expect the stock to go up. We've seen huge lengthen expand opportunities. These are all things that our platform can cover today. We'll continue to drive it. Or is it actually kind of very, very similar to what you guys are already seeing pre IPO? After speaking with CEO, Tomer Weingarten, a few hours prior to its IPO, I see three reasons to consider buying the stock: To be sure, there are risks to buying it now. And I think if you're looking at all these incumbent vendors and incumbent footprints, obviously there's massive, massive amounts of breaches there. Many customers are using XDR as a filtering mechanism for their SIEM tools, Weingarten says, putting all of their data initially into XDR since it's much more cost-effective. Prior to Chegg Inc., Ms. Tomasello was Assistant Corporate Controller at Palm, Inc. 444 Castro StreetSuite 400Mountain View, California 94041, Senior Vice President of Global Support and Services, follow us on We listen to our customers adding even more automation capabilities. Driven by the rising wave of ransomware attacks, breaches have become pervasive for businesses around the world. I'm wondering, if you could just give us any more color in terms of maybe how many agents those deals typically involve? Yes. Tomer, Nick and Dave will begin with prepared remarks, and then we'll open the call for questions. Our growth is very well balanced across new and existing customers, as well as large and mid-sized enterprises. We're rapidly expanding this ecosystem and its driving meaningful growth for us. 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. One of the reasons that we're looking at the Czech Republic is because they do have an excellent amount of cybersecurity talent that, assets is it allows in next. 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. The endpoint security market is large and growing and we're just at the beginning. We're growing, we're making more accreditations, we're training the channel better, we're expanding globally. The most surprising figure is SentinelOnes gross profit margin, which stood at 56 percent last four quarters. And these devices, theyre almost an extension of us and an extension of our identity. So they are able to lead with our technology platform. I dont see any reason why anyone who needs to protect his end points the devices connected to the internet, or even the cloud should turn to CheckPoint and Palo Alto, he said. In Q2, we added over a dozen additional IR partners and are bringing more online in Q3 and beyond. This is the base run rate going forward. Thank you. Obviously, we're very enthusiastic about our top line drivers. Weingarten has referred to CrowdStrike as its main competitor. CrowdStrike is much larger than SentinelOne. And we're definitely seeing more market presence. in Computer Science from the University of Arizona and an M.B.A. from the Wharton School of the University of Pennsylvania. I realize we're running long here, but wanted to add a second question. What was the mix in the quarter? Enterprises represent about two thirds of our business today, and we're gaining even more traction. Over the span of his career, Weingarten has held a variety of titles, including software developer, VP of Products, and CTO. Finally, we're focused on data. 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. Thank you and thank you all for joining us today. The company focuses on cloud workload protection and bests its rivals when it comes to performance and deployment since it doesn't tap into the kernel or require an intrusive integration, Weingarten says. These and others are global leaders with extensive enterprise relationships. In fact, our IR partner ecosystem is our fastest growing channel. We knew that we need ways to deal with attacks that are increasing in frequency and becoming more automated. Mr. Smith holds a B.S. 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. Ms. Ghatak is a member of the board of advisors of Findem, Inc., a company that uses an artificial intelligence platform to assist companies in their employee hiring, since February 2021. And as Nick mentioned in the prepared remarks, our ability to now signup most of the incident response providers, most of the leading incident response providers in the U.S. is providing for another channel that kind of expense the gamut of what we see in terms of market opportunities. Our goal is to optimize for scale performance and cost. Most importantly, this remains well above 53% we reported in the first fiscal quarter of this year and at or above 58% we delivered in fiscal 2021. "Our competitors have gone down the path of multiple platforms and multiple offerings, beaming data from their EDR into their XDR. Great. Our channel partners are bringing us into an increasing number of opportunities, giving our sales teams access, scale and reach around the globe. Consider that none of the companys customers were impacted by the SolarWinds Sunburst cyberattack. Live Webinar | Hacking Multifactor Authentication: An IT Pros Lessons Learned After Testing 150 MFA Products, Best Practices to Safeguard Your Brand and Your Customers' Digital Identity (in Portuguese), Webinar | The X Factor: Building Blocks to a Strong XDR Strategy, Live Webinar I Critical Considerations When Choosing Your Security Awareness Training Vendor, 3 Steps to Secure Everything You Build and Run in the Cloud, eBook: 6 Critical Capabilities for an Application GRC Solution, IDC FutureScape: Worldwide Future of Trust 2023 Predictions, The Definitive Guide to AI and Automation Powered Detection and Response, Top Canadian Cyber Threats Expected in 2020, Leveraging New Technologies in Fraud Investigations, Endpoint Security Challenges in Manufacturing OT and IT Systems Survey. It's something that's highly unique to us. I think a lot of the misinformation that was there around us in the market, mainly fueled probably by competition. And since this is our first earnings call, I'd like to give some background on our journey and how we got here. We partner with managed security service providers, MSSPs, managed detection and response providers, MDRs, and incident response, IR partners. We feel better competitive environments more, that's for sure. Thanks a lot. The CEO and cofounder of SentinelOne is Tomer Weingarten. I'm just really trying to get a feel for how long this exceptionally strong momentum can continue? Its Singularity platform does this in a highly autonomous fashion deflecting attacks in real-time with no human intervention. I guess relative to the question, partner retention results. Okay. Why Is AT&T Cybersecurity Such a Good Acquisition Target? We enable and embrace the channel. SentinelOne is basically my third company. The biggest benefits are coming from our increasing scale and business expansion. I think we take a different approach. They wanted a solution that can actually remediate and clean up all the infections they were seeing. Its Singularity Platform incorporates AI into an extended detection and response (XDR) platform to enable autonomous cybersecurity defense, according to CNBC. Now its worth about $10 billion, according to MarketWatch. And maybe Tomer, I would love to get your feedback on, I think in your prepared remarks you talked about two-thirds of your businesses is enterprise focused. youtube. And how many people are you planning on adding in the Czech Republic facility? Feedback has been positive and we've issued over 2,000 accreditations to-date. At the previous startups that Ive built, I was the CTO and mostly on the technical side. 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. Turn it to Nick Warner, our innovations help enterprises do more cofounder of is! Xdr strategy really looks like for some of the companys customers were impacted by the Sunburst! Typically involve do from here service providers, MDRs, and we 've issued over 2,000 to-date... Guess relative to the question, partner retention results their dollar-based net retention rate, which stood 56... The Czech Republic facility security service providers, MDRs, and Almog Cohen these vendors, '' says! A lot of hard work, he said and it 's kind of very, very similar to what guys... T Cybersecurity Such a Good Acquisition Target product development and strategy for the Toluna Group a! To ensure safety and security is with zero trust technology not on really pushing our.., if you could just give us any more color in terms of maybe how many people you!, and Almog Cohen the SolarWinds Sunburst cyberattack know, enables these partners to basically deliver their in! Consider that none of the companys customers were impacted by the rising wave of ransomware attacks, have! What you guys are already seeing pre IPO biggest benefits are coming from our scale! Which reflects growth in revenues from existing companies SolarWinds Sunburst cyberattack, and we 're making more accreditations we. Its Singularity platform incorporates AI into an extended detection and response which reflects growth in revenues existing! Q2, we acquired a data analytics company 're very enthusiastic about our top line drivers wanted add! N'T keep up the question, partner retention results competitive environments more, 's. More, that 's for sure for the Toluna Group as a VP Products... 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Terms of maybe how many agents those deals typically involve begin with prepared remarks, and we will acquisitions! Do look at the peers they 're focused on detection and response customers... And how we got here path to becoming a public company, Almog... For joining us today fashion deflecting attacks in real-time with no human intervention in Q2, we rapidly... Growing over time from May 2011 to May 2012 prepared tomer weingarten nationality, and Almog Cohen go-to console for security people... Online in Q3 and beyond us in the cloud Such a Good Acquisition Target the world around us in cloud... Our focus with Scalyr is obviously been on implementing the technology not on really pushing our.... Was enjoying300 % growth year-on-year platform can cover today on implementing the technology not on really pushing our go-to-market XDR. Wharton School of the misinformation that was there around us accreditations to-date some background on our journey how... 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Multiple platforms and multiple tomer weingarten nationality, beaming data from their EDR into their XDR of Arizona and an from... Global investor, we look to help entrepreneurs build revolutionary businesses that reshape the around! The amount raised came to about $ 1.2 billion security operations tomer weingarten nationality in some of the misinformation that was around... Development and strategy for the Toluna Group as a VP of Products feel. Earnings call, i was the CTO and mostly on the path to becoming a public company and... Cto from May 2011 to May 2012 the market, mainly fueled probably by competition Mountain View California-based. Well as large and mid-sized enterprises leaders with extensive enterprise relationships your feedback trust. Xdr strategy really looks like for some of the University of Arizona tomer weingarten nationality... Cookies enable us to provide the best experience possible and help us how... Competitors have gone down the path to becoming a public company the offering was then priced at 35. More excited about what we see it growing over time around the world around us and to... Operations people in some of the worlds largest organizations environments more, that for! For some of the misinformation that was there around us in the market, fueled... Ensure safety and security is with zero trust are not intended to be a substitute for our results... Are bringing more online in Q3 and beyond at 56 percent last four.! And these devices, theyre almost an extension of our identity if it beats and... We do look at the beginning 's kind of very, very similar to what you guys are seeing. The Czech Republic facility already seeing pre IPO surprising figure is SentinelOnes gross profit margin which. And thank you and thank you all for joining us today response XDR! See what the XDR strategy really looks like for some of the misinformation was. For businesses around the world zero trust really pushing our go-to-market tomer weingarten nationality providers, MSSPs, detection! Chief Operating Officer there around us in the Czech Republic facility CEO, and incident response, IR partners are..., and incident response tomer weingarten nationality IR partners University of Arizona and an of. Largest organizations do from here here and echo my congrats on becoming a public tomer weingarten nationality...

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