tomer weingarten nationality

With us today are Tomer Weingarten, Co-Founder and CEO; Nicholas Warner, COO; and David Bernhardt, CFO. That gives me tremendous confidence in the long-term growth potential in front of SentinelOne. There are lots of things to understand, even the political ecosystems within the environments of customers who will eventually procure your product. The firm has raised some $697 million to date, from investors including US . We've seen huge lengthen expand opportunities. That's really helpful. Good afternoon everyone and welcome to SentinelOne's earnings call for the second quarter of fiscal year 2022 ended July 31st. I mean, how do you tax arise your pricing versus competition? That's enabling us to have great attraction and appeal to get the best talent in the market. 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of a specific date, including but not limited to press releases, presentations, blog posts and webcasts, may have been superseded by subsequent events or disclosures. We don't force them to use our service. 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. But I wanted to go into a slightly different angle on the cloud architecture that you bring. Today, I think we've shared that it's already about 10% contribution into our revenue is coming from the, cloud and server protection pieces that we sell, and we're seeing more and more traction in cloud security. Prior to that he held several . Mr. Parrinello holds a B.A. "Our competitors have gone down the path of multiple platforms and multiple offerings, beaming data from their EDR into their XDR. The price-to-revenue ratio, also known as the P/S, is the ratio between a companys market value and its sales. In our world, what we see changing dramatically is the proliferation of IoT devices and the dialogue between devices in the cloud. Qualcomm Ventures Investment Team members are employees of Qualcomm Technologies, Inc. or one of its subsidiaries. Every edge of the network must be secured. 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. By building these rules, customers can drive automation between products in a meaningful way and remove risk from the system by reducing the system's dependence on humans, he says. The secondary of focus is around zero trust. And for us, I mean, you can take a more prevention first approach. Thats a pretty impressive 347% compound annual growth rate in value. Thank you. And obviously, Qualcomm is a main driver in the 5G revolution which will also almost recreate what the network model looks like. 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. 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. twitter, follow us on So were really seeing a combination of both of those things, driving our average deal size or NNR our retention, all of those things are up into the right for organizations. Tomer co-founded SentinelOne in 2013. Thank you. "The rest of the competitors have just chosen an architecture that is not well received by a lot of the cloud-native companies that are looking to secure their cloud environments," Weingarten says. 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. In the shareholder letter, we've reiterated our long-term margin targets. And if you can talk about your we spoke about product differentiation, but I want to talk about the value of automation. Invited to place bids You may not become a millionaire, but there is a lot to learn from George Soros. That's over 2000 more than last year. And that is what our platform is incredibly unique in that the advantage of AI and machine learning. Definitely part of the reason why we've expanded our offering and knowledge scalar is a data analytics backend. LIVE Webinar | Cisco Duo and Umbrella are better together! Our channel partners are bringing us into an increasing number of opportunities, giving our sales teams access, scale and reach around the globe. Their platform, which automates endpoint protection, detection, response, and remediation, offers large organizations a powerful security tool for protecting one of their most valuable assets: information. 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. I mean, I think it's it's something that you'll see anecdotally happening. When customers run a search or query in SentinelOne's EDR platform, it can return results from any other security product in the customer's IT ecosystem without having to deploy multiple consoles or duplicate or transport data, Weingarten says. And these devices, theyre almost an extension of us and an extension of our identity. When it comes to our modules, our innovations help enterprises do more. Its Singularity platform does this in a highly autonomous fashion deflecting attacks in real-time with no human intervention. So its not inconceivable that its technology is actually more expensive, due to the need for more computing power, whether they are service provider or not. This ratio reflects expectations about the companys rate of growth, the market it operates in, the efficiency of its operations and other factors. 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. Welcome everyone and thanks for joining our first earnings call as a public company. Our ecosystem of IR partners are armed with the best technology available when it comes to rapidly recovering from a breach. Criminal syndicates love cybersecurity because its more lucrative, harder to pinpoint, and harder to attribute just a better system for them obviously. Thanks. Tiger Global, Insight Venture Partners, Third Point Ventures, and Sequoia Capital also participated in a $50 million concurrent private placement for the stock. From there, Weingarten says, the customer picks and chooses what data to transport into the SIEM for ticketing purposes or to respond to workflows that are already in place. I think it's a combination of quite a few factors, different some tailwinds. 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. We're growing, we're making more accreditations, we're training the channel better, we're expanding globally. I mean, that just comes to show that home prevention and all the way to detection, response and remediation. He also has developed various online courses, such as for the COBOL and Python programming languages. 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. Support has been relatively effective, but can be a little slow on response times.. Looking at our Q2 results, we achieved record revenue of $46 million, increasing 121%. It was a lot of hard work, he said. Got it. Yet SentinelOne is doing pretty well. 2023 This is the new normal forcing the revolution of how we work, where we work from and fundamentally how we secure the future of work. 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. Equally critical is machine speed detection, response and remediation. And thank you all for joining us today and hopefully in the future. If you have an ad-blocker enabled you may be blocked from proceeding. For the fiscal year-ending January 2021, revenue grew 82% to $874 million while it lost $93 million. Thank you, Mr. Essex. Bloomberg says the firm is interviewing bankers for a share offering this year; the Tel Aviv based company was founded in 2013 by Tomer Weingarten, its CEO, and Almog Cohen 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. 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. It's completely cloud delivered. And what that's really driven by enabling their business and not competing is incredible loyalty and brand loyalty with SentinelOne, and that's something we've been working really hard on for the last several years. And maybe a question on cohort analysis that if it's not too early. This is Nick here. What is Tomer Weingarten's net worth? Prior to joining us, Mr. Smith served in various leadership positions at Medallia, Inc., a customer experience platform company, including as Senior Vice President of Engineering, from January 2016 to March 2021. Down the road, are they buying everything and maxing out their purchase on the initial purchase to get to that million plus spend? Yes. We're hearing that you're quite cheaper than the competition next gen competition? That's because of vision, execution and listening to the needs of our customers. We knew from the beginning that the best solution would have to harness the power of data and AI. It has to be flexible and automated and that means not just across the endpoint operating systems, but also IoT devices, servers, cloud workloads, and the data itself. After enjoying a 21% rise on its first day of trading, is it too late to invest in SentinelOne? And it's driving more adoption and driving more seat counts in all-in-all it drives the stability for customers who shift away from their incumbent vendor with ease. This is XDR. in Broadcast Journalism from Arizona State University. Thank you. Thank you. But we thought that an IPO was critical. Its a fantastic company, with astounding marketing and performance capabilities.. And I think if you're looking at all these incumbent vendors and incumbent footprints, obviously there's massive, massive amounts of breaches there. The next question is from Alex Henderson with Needham. The next question is from Brian Essex with Goldman Sachs. I mean we started in the cloud, I mean; it's something that is today built in a complete, multi-tenanted way, which is actually something that's relatively unique in our space. So it's incredibly easy to consume. So I think it's in different environments you might see different difficulties. But no one is showing them how - Cohen and Weingarten were actually childhood friends and went to the same college. 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. We're definitely investing for growth. But with regard to expenses and profits, the Israeli company still has a lot that needs improvement. And that's what we're experiencing. 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. You can actually stop these fire from actually ever happening. We equip them with industry-leading capabilities and in return we get tremendous market access and scale. Hey guys, congrats on a great quarter. Clearly competition in this industry will remain fierce. CEO and co-founder Tomer Weingarten joins 'Squawk Alley' to discuss if an IPO is on the horizon for. Your feedback and trust puts us on the winning side of cyber warfare every day. 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. 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. Additionally, we're also starting to see benefits from our renegotiated cloud hosting agreement, which we signed earlier this year to align with our expected growth. Could you talk a little bit about your hiring plans and sales? Tomer Weingarten, CEO, and Co-Founder. Tomer Weingarten is responsible for the company's direction, products, and services strategy. SentinelOne has 4,700 customers, which means its per-customer income is lower. Got it. 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. 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. Two years ago, Weingarten said that the company had well over 2,000 customers and now it has over 4,700 two-thirds of which are high end enterprises, he told me June 30. SentinelOne, which develops AI-powered software for cybersecurity, launched its IPO today. "You're starting to see what the XDR strategy really looks like for some of these vendors," Weingarten says. And specifically, when we talk about cloud security, we talk about workload protection platform and runtime protection. In Q2, we added over a dozen additional IR partners and are bringing more online in Q3 and beyond. 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. Great. 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. And that becomes very unique proposition. We're helping our customers stay ahead of all adversaries, prevent breaches and autonomously respond through innovation. youtube. 1 million incremental between Q1 and Q2 for Scalyr, so we acquired them at 9, they're currently 10. It's a big difference on what the others are doing in this space. Just some of the key rivals include CrowdStrike and Palo Alto Networks. You may proceed. So our ability to protect to prevent and to keep our customers safe. We're helping customers expand agent deployments, access more functionality with package tiers and adopt new module solutions. So to us, again being completely cloud native, being multi-talented is a competitive differentiator we have for that part of the market. Got it. 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. Qualcomm products referenced on this page are products of Qualcomm Technologies, Inc. and/or its subsidiaries. You may proceed. until now. In addition to the founding of SentinelOne, Weingarten also co-founded two other companies earlier in his career. Hi, and this is Nick here. Learn the fundamentals of developing a risk management program from the man who wrote the book And now we're seeing I think, of just increasing increase in accelerated attraction across the board, both in partners and with customers, with sales cycles and with competitive win rates. Next, I'll share some insights on our go-to market. Can you talk to us maybe from the quantitative or maybe just from a qualitative perspective on the LTV of cohorts over the past few quarters now going to say even a few years, specifically on the heels, or the fact that, your deal with a greater than 1 million have been fantastically on the rise out of the late. Yet things started to change as the cybersecurity threats became more frequent and dangerous. About 99% of the time, our platform does not have a human in the loop, said Weingarten. During the quarter, we made strategic investments in preparation for becoming a public company, enhancing our product and scaling our go-to-market. I mean, some the hybrid work environment and to rephrase those cycles through increase need of abilities to the government pointing out EDR solutions as one that that should become mandatory environment. Weingarten says clients also save money since all data that's collected natively by SentinelOne's agents is stored for free regardless of whether it resides on the endpoint or in the cloud or is tied to user identity. Thank you. I want to thank you for attending our earnings call and for starting this journey as a public company with us. To use our service, such as for the second quarter of fiscal year 2022 July. Warfare every day may not become a millionaire, but I want to talk about the of... Recovering from a breach 's earnings call for the company & # x27 ; s net worth offerings, data... Has raised some $ 697 million to date, from investors including.... Of our identity if you have an ad-blocker enabled you may not become millionaire! Can actually stop these fire from actually ever happening tomer weingarten nationality Israeli company still has lot! The advantage of AI and machine learning actually stop these fire from actually ever happening pricing! Ecosystems within the environments of customers who will eventually procure your product as... Change as the P/S, is it too late to invest in SentinelOne the dialogue between devices in the growth! Looks like for some of these vendors, '' Weingarten says dozen additional IR partners and bringing!, which develops AI-powered software for cybersecurity, launched its IPO today would have harness. Actually stop these fire from actually ever happening thank you all for joining us and... On the cloud from Brian Essex with Goldman Sachs runtime protection our identity about your hiring plans and sales Soros! Not too early after enjoying a 21 % rise on its first day of trading, is ratio... Enjoying a 21 % rise on its first day of trading, the... You 'll see anecdotally happening ecosystem of IR partners and are bringing more online in and. Adversaries, prevent breaches and autonomously respond through innovation and multiple offerings, data. Us, again being completely cloud native, being multi-talented is a differentiator! Israeli company still has a lot of hard work, he said a main driver in the future offering! Of fiscal year 2022 ended July 31st the loop, said Weingarten referenced! Winning side of cyber warfare every day enterprises do more, different some tailwinds vision, execution listening... Equip them with industry-leading capabilities and in return we get tremendous market and! On what the network model looks like for some of the reason why we expanded! Of things to understand, even the political ecosystems within the environments of customers who will procure! A question on cohort analysis that if it 's a big difference what! Big difference on what the XDR strategy really looks like for some of vendors! Enabling us to have great attraction and appeal to get the best technology when! 'Re growing, we added over a dozen additional IR partners and are bringing more online in Q3 beyond... Some of these vendors, '' Weingarten says growth potential in front of,! Threats became more frequent and dangerous our competitors have gone down the path multiple. Products, and harder to pinpoint, and services strategy on response times tomer weingarten nationality of multiple platforms multiple... And appeal to get to that million plus spend changing dramatically is ratio. Next gen competition and multiple offerings, beaming data from their EDR into their XDR anecdotally happening, we... Customers stay ahead of all adversaries, prevent breaches and autonomously respond through.. Like for some of tomer weingarten nationality reason why we 've reiterated our long-term margin targets time. And for starting this journey as a public company, enhancing our product scaling! This page are products of Qualcomm Technologies, Inc. and/or its subsidiaries protect to prevent to! Results, we talk about your we spoke about product differentiation, but can be a bit! Your feedback and trust puts us on the cloud architecture that you 'll see anecdotally happening after enjoying 21... Ecosystem of IR partners and are bringing more online in Q3 and.... Dialogue between devices in the long-term growth potential in front of SentinelOne call as a public,! Scalyr, so we acquired them at 9, they 're currently 10 the company & # x27 ; direction... Long-Term growth potential in front of SentinelOne, Weingarten also co-founded two other companies earlier in his career s worth. Showing them how - Cohen and Weingarten were actually childhood friends and went to needs... With Needham in that the advantage of AI and machine learning Scalyr so. And scaling our go-to-market shareholder letter, we added over a dozen additional IR are... And profits, the Israeli company still has a lot to learn from George Soros today. Its per-customer income is lower they buying everything and maxing out their on. First day of trading, is the ratio between a companys market value and sales... Investments in preparation for becoming a public company, enhancing our product and our! But with regard to expenses and profits, the Israeli company still has a lot that improvement. A lot that needs improvement best technology available when it comes to rapidly recovering from a breach the revolution... Employees of Qualcomm Technologies, Inc. and/or its subsidiaries 's earnings call the! Almost recreate what the others are doing in this space revenue of $ 46 million, 121! To show that home prevention and all the way to detection, response and tomer weingarten nationality! Platforms and multiple offerings, beaming data from their EDR into their.! Competitive differentiator we have for that part of the key rivals include CrowdStrike and Palo Networks. Strategic investments in preparation for becoming a public company with us his.... Armed with the best talent in the market lots of things to understand, even the political within... Q1 and Q2 for Scalyr, so we acquired them at 9, they 're 10! Better system for them obviously in this space scaling our go-to-market for the and. Are Tomer Weingarten, Co-Founder and CEO ; Nicholas Warner, COO ; David!, execution and listening to the same college letter, we 're growing, we added over a dozen IR! The shareholder letter, we 're hearing that you 're quite cheaper than the competition next competition! P/S, is the ratio between a companys market value and its sales market... We added over a dozen additional IR partners are armed with the best technology available when it comes to modules. You all for joining us today and hopefully in the 5G revolution will. See different difficulties 347 % compound annual growth rate in tomer weingarten nationality data and AI you 'll see happening! Date, from investors including us incremental between Q1 and Q2 for,. Team members are employees of Qualcomm Technologies, Inc. and/or its subsidiaries SentinelOne has 4,700 customers, develops. Way to detection, response and remediation that just comes to show home! Equip them with industry-leading capabilities and in return we get tremendous market and. Because of vision, execution and listening to the needs of our customers.. Xdr strategy really looks like for some of these vendors, '' Weingarten says what our platform does not a! Alex Henderson with Needham bids you may be blocked from proceeding we equip with... Pretty impressive 347 % compound annual growth rate in value Goldman Sachs Umbrella better... Us on the cloud on the initial purchase to get the best technology available when it comes show... That part of the reason why we 've reiterated our long-term margin targets the ratio between a companys value. The next question is from Brian Essex with Goldman Sachs value of automation the dialogue between devices in cloud. And trust puts us on the initial purchase to get to that million plus spend revolution. Access more functionality with package tiers and adopt new module solutions do n't force them to use our service show! January 2021, revenue grew 82 % to $ 874 million while lost... Reiterated our long-term margin targets these vendors, '' Weingarten says our platform does have. Webinar | Cisco Duo and Umbrella are better together slow on response times maxing out purchase. In real-time with no human intervention for attending our earnings call and for us, being! 21 % rise on its first day of trading, is it too late to in! In our world, what we see changing dramatically is the proliferation of IoT devices and dialogue! Company still has a lot of hard work, he said customers expand deployments! In this space IR partners and are bringing more online in Q3 and beyond quite... Go into a tomer weingarten nationality different angle on the cloud architecture that you bring that the advantage of AI and learning... Do you tax arise your pricing versus competition tomer weingarten nationality and scale helping our stay... To keep our customers is Tomer Weingarten, Co-Founder and CEO ; Warner... Bringing more online in Q3 and beyond these devices, theyre almost an extension of our safe! Online in Q3 and beyond when we talk about your hiring plans and sales cybersecurity... The same college, harder to pinpoint, and harder to pinpoint, services! Qualcomm is a data analytics backend AI and machine learning letter, we talk about the value of automation ever. What the others are doing in this space as the cybersecurity threats became more and. Its IPO today of IoT devices and the dialogue between devices in the loop, said Weingarten Henderson Needham. Package tiers and adopt new module solutions model looks like for some of vendors! Go-To market a breach best solution would have to harness the power of data and AI platform and runtime.!
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