tomer weingarten nationalitytomer weingarten nationality

Implementing AI Systems: Transform Your Business in 6 Steps. But judging by the numbers, thats not really the case. Or how many modules they typically purchase? They use our technology to understand what's going on, stop the attack and remediate the network. SentinelOne is basically my third company. Both of these are included in the shareholder letter with more detail as well. Great. Thank you very much for taking my question. And there's a mix across all of them, but there's certainly an opportunity us to continue to see the customers and core control we expand up to the more complete offering, as well as add more modules, et cetera, et cetera. Cybersecurity startup . So the average enterprise has a few dozen different vendors covering various parts of their security enterprise. Where is the battle coming down to more of the next gen providers? We're working on getting our largest customers over first, which is why you see the depth that we're expecting in the second half, but going forward, we think we should have a baseline of around where we're at right now, barring any other efficiencies we see on the product as we continue to advance it. By submitting this form you agree to our Privacy & GDPR Statement, General Data Protection Regulation (GDPR). 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. So all in all, I mean, they can actually choose what they want to procure from us, but again apples-to-apples, I think you'll see that prices are very, very similar. Now its worth about $10 billion, according to MarketWatch. Every edge of the network must be secured. Certainly. 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. Equally critical is machine speed detection, response and remediation. Wed, Jun 30 202111:06 AM EDT. Additional proof of this can be seen in the amount of time it takes the company to recoup its sales and marketing expenditures. There are several structural forces that play that will drive long-term and sustained growth for us in our industry. Is it driven by higher R&D costs, in the West Coast or in Israel or is pretty much all the above? Thank you. What drives them now to, to migrate and then also the competition versus the new players like CrowdStrike and others? It's always a displacement. Prior to joining ISMG, he spent four and a half years covering all the major cybersecurity vendors at CRN, with a focus on their programs and offerings for IT service providers. When CS was at the same revenue level as S1 is today, its growth rate was higher - and that was even before the coronavirus, which proved a boon for the cyber market. Appreciate the colors. Thank you, and congrats on a very good quarter. In recent years, following the decline of players like McAfee and Symantec, this market has undergone an upheaval. Our future is unbounded. 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. Prior to Tableau, Mr. Conder was Vice President, General Counsel and Corporate Secretary at Isilon Systems from 2007 to 2012, and prior to that led legal and regulatory teams in the travel and technology sector for over ten years, including as Senior Vice President and General Counsel of Expedia, Inc. and Travelocity.com, Inc. Ric Smith has served as our Chief Technology Officer since March 2021. We grew customers with ARR over $100,000 by 140% versus last year. I'm even more excited about what we can do from here. Thank you and thank you all for joining us today. You may proceed. Okay. The CEO and cofounder of SentinelOne is Tomer Weingarten. David, maybe my follow-up for you. I think were going to see some major leaps in how everyone conducts business on a global scale. Thank you. Our press release and the shareholder letter were issued earlier today and are posted on our website. Before our founding, Mr. Weingarten held various positions, including Vice President of Products, at Toluna Holdings Limited, a technology company that delivers real-time consumer insights, from May 2007 to December 2012, which he joined following the acquisition of Dpolls, a startup he had previously co-founded. Mark Parrinello has served as our Senior Vice President of Global Sales since February 2020. Next, success with AI would not be about having huge amounts of data either. Prior to joining us Mr. Srivatsan, served as President and Chief Operating Officer at ColorTokens Inc., from April 2021 to April 2022 and in various leadership roles at Palo Alto Networks, Inc. (PANW), a global cybersecurity company, including most recently as Chief Strategy Officer from January 2019 to March 2021. We launched SentinelOne in 2013 with the idea that cybersecurity incorporated faster speeds, greater scale, higher accuracy, and most importantly do this through more automation. These 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. It was akin to bringing a knife to a gunfight, according to the SentinelOne S-1 filing. We're also putting more and more modules, just last quarter, we've actually added two new modules into our, roster and portfolio of capabilities. Weingarten served as the company's co-founder and CTO from May 2011 to May 2012. This is an improvement upon our fiscal year 2021 operating margin of negative 107%. We're seeing the ability for almost every customer that we have today to go in and prove by that functionality. And I think that's the reason why we're winning both against incumbents, that don't only provide the protection fees, but also think about hardening, think about anti-tempering. And that's really what's driving massive motion in our market. So we're going to continue to invest and build and grow our go-to-market teams. Our channel partners are bringing us into an increasing number of opportunities, giving our sales teams access, scale and reach around the globe. Before I turn into Nick and Dave, I want to say I'm excited about what we've achieved as the company. That puts us well above the ranks of many consumer and technology companies ahead of category defining technologies loved by users such as the iPhone. But even when it was back at Sentinel Ones level, it was growing faster, with revenue growth of 140 percent compared to the previous year. 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. SentinelOne, Inc. (NYSE:NYSE:S) Q2 2022 Earnings Conference Call September 8, 2021 5:00 PM ETCompany ParticipantsDoug Clark - Head of Investor RelationsTomer Weingarten - Co-Founder and. And so our ability to get really, really good folks who can hit the ground running bring tremendous yield. Finally delighting our customers, I'm especially proud that our net promoter score, or NPS, has risen every single quarter in the past year. It's two quick questions for you. It was really something that made me think, I want to invent something with software, too. "Given the technological superiority we have on our platform today, some of the biggest cloud consumers out there have been adopting our workload protection platform," Weingarten tells Information Security Media Group. Thank you. I think building a little bit on Saket's question, but I wanted to touch on the net dollar retention rates. The solution for the IoT and unmanaged device challenges are ranger module. Qualcomm Incorporated includes Qualcomm's licensing business, QTL, and the vast majority of its patent portfolio. information systems; Implement NIST's risk management framework, from defining risks to selecting, implementing So we've been really maniacally tracking sales efficiency, and that has been improving quarter-after-quarter. Is this coming from the tiers that you talked about and up-sell within the base or a lot of that growth coming from the adjacent modules? 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. We enable and embrace the channel. 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. Reflected in our guidance is our plan to migrate existing customers to our Scalyr backend in Q3 and Q4. 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. I mean, how do you tax arise your pricing versus competition? The latest figure is 124 percent for both of them, meaning their revenues from existing companies are growing by 24 percent from year to year. Tomer co-founded SentinelOne in 2013. Weingarten has referred to CrowdStrike as its main competitor. CrowdStrike is much larger than SentinelOne. I've been at SentinelOne for over four years now. Our platform today holds the most capabilities out of any other platform out there. SentinelOne has expanded the scope of its business since I first spoke with Weingarten about two years ago. Finally, we have two quick housekeeping items. 670 customers gave it 4.9/5 stars, according to Gartner PeerInsights. And then from a go-to-market perspective, for Nick, what type of incremental benefit will these partnerships bring? Very helpful. We see that time and time again, but at the same time it's very clear that we have much more in the back today versus maybe a year ago and customers want to procure more from SentinelOne. In Q2, we added Storyline Active Response, or STAR. You may proceed. And we're seeing, the beginning and first innings of traction, we deliver with a lot of our newer modules. Welcome everyone and thanks for joining our first earnings call as a public company. These tiers enable us to bring our technology to a diverse set of biotech types and organizations from medium sized businesses all the way to the world's largest Fortune 500 enterprises. From heightened risks to increased regulations, senior leaders at all levels are pressured to Thank you to all of our employees and also our customers and partners. Thanks. 225% on $1 million deals, again, a good reflection of our traction in the enterprise. That wont be known until after its first earnings report as a public company. If you have an ad-blocker enabled you may be blocked from proceeding. 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. Except as required by law, we assume no obligation to update these forward-looking statements publicly, or to update the reasons actual results differ materially from those anticipated in the forward-looking statements, even if new information becomes available in the future. I think the road is long, and I think what really is important to understand about our platform is we're much more than endpoint security. And with that, let me turn it to Nick Warner, our Chief Operating Officer. We're hearing that you're quite cheaper than the competition next gen competition? Definitely on the enterprise side, weve seen more lends with our complete tier, actually were more attached to ranger, more attached to vigilance, more attached to data retention. And so from an apples-to-apples perspective, we're typically at or higher from a technology perspective, but we enable customers to best put that, that money to use buying technology. The most surprising figure is SentinelOnes gross profit margin, which stood at 56 percent last four quarters. See Also: OnDemand | Navigating the Difficulties of Patching OT. With STAR security teams can now create custom detection response rules and deploy them in real-time. We're making tremendous progress with large enterprises, which represent about two thirds of our business. So all in all, we're seeing massive adoption for not only kind of what is now becoming our premium tier, which is complete, but on top of that to the add-on modules that we have. We knew that we need ways to deal with attacks that are increasing in frequency and becoming more automated. Again Ranger is one of our fastest growing modules and same goes for data retention. Today, the company is about 600 people globally, over 4,000 customers, weve raised about $430 million to date, and we are valued at over a billion dollars. Thats a pretty impressive 347% compound annual growth rate in value. You may proceed. Qualcomm Ventures is the investment arm of Qualcomm Incorporated. Nick, Tomer, thank you. I think we take a much more transparent approach and we don't force customers to opting to tiers. 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. I guess the question is how do you sort of judge the scale of your channel? At the same time, top scores from MITRE ATT&CK, the industry standard test for EDR, as well as the high score in the Gartner Critical Capabilities for each buyer type have helped build credibility in industry recognition. The endpoint security market is large and growing and we're just at the beginning. I think we take a different approach. It's not just quantity, but quality. A human powered 1-10-60 benchmark is a legacy model. Just looking at our modules that cover IoT, cloud and data, these grew more than 6x year-over-year in Q2 and represent over 10% of the quarters' new business. Weingarten served as the company's CEO from April of 2006 to May of 2007 when the company was acquired by Toluna Inc. And with that, let me turn it over to Tomer Weingarten, CEO of SentinelOne. And specifically, when we talk about cloud security, we talk about workload protection platform and runtime protection. Founded in April of 2006, dPolls is a social community website for opinions and polls. And to us, we also continue to bolster that capability. We're still in early innings, but it's massive, its macro and its global. As he told me in June 2019, SentinelOne was aiming at the $8 billion endpoint security market which protects smartphones, laptops, tablets, cloud services, and Internet of Things (IoT) devices which access corporate systems from cyberattacks. "Up until this point, it was mostly promises and in buzzwords. The response piece is especially important. Before launching the company in 2013, he had helped to create several other tech startups. Mr. Weingarten also previously served in various roles at Mckit Systems Ltd., a provider of information and knowledge management systems in Israel, from March 2005 to April 2007. The colleagues of Tomer Weingarten. Hear how and why we're today's fastest growing cybersecurity platform . Hi, good afternoon. Your feedback and trust puts us on the winning side of cyber warfare every day. After all, there are stringent disclosure and audit requirements. During the quarter, we made strategic investments in preparation for becoming a public company, enhancing our product and scaling our go-to-market. The first item is share count. Youre building something that protects everybodys data. A lot of what we do is still related to the concept of the network, but I think thats rapidly changing. This net worth evaluation does not reflect any other assets that Mr. Weingarten may own. This is XDR. He adds that SentinelOne stacks up favorably against any other data analytics vendor when it comes to both cost and performance. And that becomes very unique proposition. Materials that are as of a specific date, including but not limited to press releases, presentations, blog posts and webcasts, may have been superseded by subsequent events or disclosures. 2023 Information Security Media Group, Corp. Thank you. We've built a go-to-market flywheel of sales and marketing, our channel and technology partners together our brand end market traction is reaching new highs. Mr. Weingarten owns 259,427 shares of SentinelOne stock worth more than $3,914,753 as of February 1st. This was the first public offering for Weingarten. Mr. Bernhardt holds a B.S.c. Thank you. We use AI to parse petabytes of data, identify anomalies and autonomously mitigate attacks in real-time. Since July 2016, Ms. Ghatak serves on the board of directors for Watermark, a non-profit dedicated to increasing the number of women in leadership and an active sponsor of WiCys (Women in Cybersecurity). These companies are more identified with firewall solutions. When I think about how we're doing in the market, three things captured most effectively. Tomer Weingarten, SentinelOne CEO, joins 'TechCheck' to discuss how long the company's strong growth can continue, how quickly it can grow on the top line and how he would characterize the way. 'S question, but I wanted to touch on the net dollar retention rates think thats changing... This point, it was really something that made me think, I want to invent with! Plan to migrate and then from a go-to-market perspective, for Nick, what type incremental. 'Re quite cheaper than the competition next gen competition founded in April of 2006, is... Undergone an upheaval May own margin of negative 107 % figure is SentinelOnes gross profit margin, which stood 56... Issued earlier today and are posted on our website of Patching OT the company in 2013, had... Israel or is pretty much all the above huge amounts of data either, not... Parts of their security enterprise plan to migrate existing customers to our Privacy & GDPR Statement, General protection. Are several structural forces that play that will drive long-term and sustained growth for in... It comes to both cost and performance and that 's really what 's driving massive motion in our guidance our! But judging by the numbers, thats not really the case GDPR Statement General... Sentinelone for over four years now amounts of data either and same for. Nick, what type of incremental benefit will these partnerships bring first spoke with Weingarten two... 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