tomer weingarten nationality
Learn the fundamentals of developing a risk management program from the man who wrote the book Thank you to all of our employees and also our customers and partners. Eran Ashkenazi has served as our Senior Vice President of Global Support and Services since March 2019. He would team up with Almog Cohen, who was a security expert at Check Point Software Technologies. SentinelOne. I believe for us it's really about the holistic approach we're taking that allows us to win both, I guess, incumbents and against the next gen peers. 444 Castro StreetSuite 400Mountain View, California 94041, follow us on We are XDR. These non-GAAP measures are not intended to be a substitute for our GAAP results. And what is the cost look like? I have a quick one, if I can squeeze in, if not I'll ask you privately. Our non-GAAP operating margin was negative 98%, an improvement over negative 101% in the year ago quarter even as we prepared for our IPO. Our full year operating margin guidance is for negative 99% to 104%. We took our technology to securing IoT devices, the datacenter, and even containerized cloud workloads. About seven years ago, my co-founder and I started looking at what type of solutions enable enterprises to figure out where the attack landscape is headed. , Tomer Weingarten is responsible for the company's direction, products, and services strategy. So they get up and running in seconds, they get a complete cloud tenant for themselves, the immediately deploy using guard discovering deployment services, and then, they leave the platform there for us to come in and monetize. So our thesis was that we can create a piece of security technology thats incredibly autonomous, works by itself, makes decisions without human intervention, and does it at scale. We got $9 million ARR when we acquired Scalyr. The next question is from Tal Liani with Bank of America. Our modules help customers with today's critical management protection and visibility challenges. I mean, you mentioned real quick the duplicative costs associated with the Scalyr migration. Youre building it for the benefit of the world at the end of the day. It was a lot of hard work, he said. In addition to his title as founder and CEO, Weingarten also serves as an investor and advisor to various companies. Read Tomer Weingarten's full executive profile here. That gives me tremendous confidence in the long-term growth potential in front of SentinelOne. We will make acquisitions for example, we acquired a data analytics company. In other words, write the rules once and let it trigger automatic alerts and instant responses enterprise wide. I would now like to pass the conference over to your host, Doug Clark, Head of Investor Relations with SentinelOne. So we like that mix, we feel it's a good mix for us. Customers today are primarily looking to augment rather than replace their SIEM product with XDR, and Weingarten says shipping some data to the XDR provider rather than the SIEM will save customers significant money. 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. 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. We also offer more than 10 modules that extend our platform value to more enterprise needs from IoT discovery and security to cloud and container workload protection. Most SIEM firms started as a node-based approach that's deployed on-premises, while cloud-native data analytics provide a shared architecture that's highly scalable across customers. We're helping customers expand agent deployments, access more functionality with package tiers and adopt new module solutions. 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. From a go-to-market perspective, what it means for our customers is we really allow them to realize even greater ROI on previous solutions that they had purchased. Why Is AT&T Cybersecurity Such a Good Acquisition Target? I guess relative to the question, partner retention results. This is the start of an open and informative dialogue. A human powered 1-10-60 benchmark is a legacy model. It's clear from both of those points that we're succeeding with larger customers and lending larger deals. And we intend to do the same also on the mid-market where we enable our channel ecosystem to carry more than just endpoint protection and several cloud security. 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. I will then turn it to Nick and Dave to provide some highlights from our most recent quarter and outlook. We go up against incumbent and next gen players all the time. We listen to our customers adding even more automation capabilities. This ratio reflects expectations about the companys rate of growth, the market it operates in, the efficiency of its operations and other factors. The next question is from Brian Essex with Goldman Sachs. Even for the engine peers, I mean, we're seeing a lot of their customers and we've had a multi-million dollar displacement this quarter for a customer that grew increasingly frustrated with the multiple infections with inefficiency on protecting server environments. SentinelOne expanded its product portfolio to include identity with the $616.5 million purchase of Attivo Networks, enabling the firm to provide identity threat detection and response, identity infrastructure assessment and identity cyber deception. Our net retention rate was the highest it's ever been at 129%. All lines will be muted during the presentation portion of the call with an opportunity for questions and answers at the end. Finally, we're focused on data. And following the call, an audio replay will be available on the Investor Relations section of our website. SentinelOne prides itself on having fended off cyberattacks most notably the recent SUNBURST one [the malware that tricked systems into uploading it as an update to the SolarWinds Orion software] for all of its customers, he told me. on the topic: Ron Ross, computer scientist for the National Institute of Standards and There are several structural forces that play that will drive long-term and sustained growth for us in our industry. The dollar-based net retention rate: 124%. Another player in this market is the Israeli firm SentinelOne. Over 5,400 customers use our Singularity XDR platform. Tomer Weingarten is our co-founder and has served as our Chief Executive Officer and a member of our board of directors since our inception in January 2013, as our President since November 2018, and as our Chairman of the Board of Directors since March 2021. But the vast majority of what we see, it's, it's absolutely taking market share from the incumbents. Thank you. Since then, its market value has increased sevenfold. 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. Over the last eight years at SentinelOne, we've developed AI and machine learning models built patented storyline technology and created an in-house cloud data platform. Great, thank you very much. Founded in 2011, Carambola Media is a platform for publishing companies to generate additional revenue streams through content curation. Three months after the cybersecurity company SentinelOne's IPO, co-founder, and CEO Tomer Weingarten paid $124 million in shares to his ex-wife as part of their divorce settlement. Its a huge undertaking. The first is on September 28. So it's incredibly easy to consume. Founder of Carambola Media Ltd., Sentinel Labs, Inc. and SentinelOne Ltd., Tomer Weingarten is an entrepreneur who presently occupies the position of Chief Executive Officer & Director at Sentinel Labs, Inc. and Chief Executive Officer of SentinelOne Ltd. (a subsidiary of Sentinel Labs, Inc.). Ms. Ghatak holds a B.A. Good evening. Cloud-native companies from social media networks to ride-hailing providers tend to be very mindful of what's being deployed into production environments, especially if the service they offer is entirely based on the cloud. Now its worth about $10 billion, according to MarketWatch. You may proceed. A reconciliation of GAAP and non-GAAP results is provided in today's press release and in our shareholder letter. Being public also helps with the trust of customers. We're making tremendous progress with large enterprises, which represent about two thirds of our business. So we think the the market momentum in customers understanding that they need to change the mindset and we move over to a next gen offering is not really mainstream. With STAR security teams can now create custom detection response rules and deploy them in real-time. Invited to place bids You may not become a millionaire, but there is a lot to learn from George Soros. In addition to the founding of SentinelOne, Weingarten also co-founded two other companies earlier in his career. Cybersecurity startup . SentinelOnes figure (85 percent last year) was the highest of them all. One, our 97% gross retention rate, which means our customers are happy and staying with us. National Institute of Standards and Technology (NIST), SentinelOne's Tomer Weingarten on Cloud, XDR and Analytics, Need help registering? When we started, we had 35 competitors, said the companys founder and CEO, Tomer Weingarten, in an interview with the business daily Globes a year and a half ago. Were on the path to becoming a public company, Voice of the Consumer: Endpoint Detection and Response Solutions. During this call, unless otherwise stated, we will discuss non-GAAP financial measures. During the quarter, we made strategic investments in preparation for becoming a public company, enhancing our product and scaling our go-to-market. In recent years, following the decline of players like McAfee and Symantec, this market has undergone an upheaval. We feel like for a lot of these customers, I mean, they're going more and more frustrated frustrated by this need to constantly put down fires. Looking at the rest of our P&L, we're investing for growth and it's clear that it's working, once again, reflected in our triple-digit top line growth rates. Our mission to protect our customers in our way of life has never been more important in a digitized world. He. ARR of nearly $200 million and growing 127% is nothing short of astounding. Cookies enable us to provide the best experience possible and help us understand how visitors use our website. Since then, its evolved into a complete platform with about 10 different modules that can address different issues within a corporate enterprise environment. 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. Thanks. Even beyond security. Prior to that, Mr. Weingarten co-founded Carambola Media Ltd., a publisher focused platform that creates new ad revenue streams through engaging content formats, where he served as Chief Technology Officer from May 2011 to May 2012. And we will add more modules to our service, he said. and monitoring information security controls. A key has been the leveraging of MSPs (Managed Service Providers). Yes. I've been at SentinelOne for over four years now. Ms. Ghatak also represents SentinelOne as an active sponsor of WiCys. Thank you. A number of vendors are talking about the start of another firewall refresh cycle, but given the comments you've made today, it sounds like you're indicating that we're also at the start of an end point refresh cycle. He was recognized for his breaking news coverage of the August 2019 coordinated ransomware attack against local governments in Texas as well as for his continued reporting around the SolarWinds hack in late 2020 and early 2021. I would now like to pass the conference over to your host, Doug Clark, Head of Investor section... Market share from the incumbents when we acquired a data analytics company Sachs. T Cybersecurity Such a good Acquisition Target players all the time short of astounding public also helps the! Recent quarter and outlook over to your host, Doug Clark, Head of Relations... 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