Vats Srivatsan has served as our Chief Operating Officer since April 2022. During the quarter, we made strategic investments in preparation for becoming a public company, enhancing our product and scaling our go-to-market. We enable and embrace the channel. Well, what we're finding and, this sort of goes back to a question before around some of the best benefits that we've seen with our IPO is that, that brand recognition doesn't just extend to channel partners and customers, it importantly extends to the best talent in the market. The dollar-based net retention rate: 124%. 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. And I think it's 99% displacing an incumbent. At Coty Inc., Sue Nabi scored perhaps the biggest CEO pay deal ever granted in the world of beauty: $283 million. According to its prospectus, revenue grew 108% in the latest quarter ending in April to $37.4 million, while its net losses more than doubled from $26.6 million to $62.6 million. And three, we win more than 70% of POCs against the competition. Tomer, you mentioned IoT cloud and data center seem really good uptake. 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. Two years ago, when SentinalOne raised $120 million, it was valued at $500 million. In fact, some larger enterprise companies will not even purchase cybersecurity software from private companies. When I think of growing up as a teenager, I was pretty impressed with Bill Gates story. We're helping our customers stay ahead of all adversaries, prevent breaches and autonomously respond through innovation. I'm even more excited about what we can do from here. You may proceed. So all in all, I mean it drives I think a complete overhaul of the cyber security stack. And we're already seeing demand for Auto Deploy, which helps secure a million dollar customer win in Q2, where we replaced legacy AV in one of our other major next gen competitors. References to "Qualcomm" may mean Qualcomm Incorporated, or subsidiaries or business units within the Qualcomm corporate structure, as applicable. But the last thing and this is not to be underestimated with our unique go-to-market business is that multi dimensional channel that we talked about. Tomer Weingarten, CEO of SentinelOne, joins "Squawk on the Street" to discuss the company's IPO and cybersecurity business. In an exclusive presentation, Ross, lead author of NIST Special Publication 800-37 So the ability to really address all of these new opportunities in cybersecurity that might have not been there a couple of years ago are not only an opportunity, but also a competitive differentiator that we have. We got $9 million ARR when we acquired Scalyr. Enterprises represent about two thirds of our business today, and we're gaining even more traction. We knew from the beginning that the best solution would have to harness the power of data and AI. SentinelOne has expanded the scope of its business since I first spoke with Weingarten about two years ago. Before SentinelOne, Tomer led product development and strategy for the Toluna Group as a VP of Products. That concludes the conference call. Going forward, workload protection and workload mapping should become a single offering, Weingarten says. These are all things that our platform can cover today. And it's kind of a game that we saw a film that we already saw and we see it growing over time. After seeing the immediate value of our technology, we see extremely high adoption rate at post-breach as post-breach enterprise is standardized on SentinelOne as a modern approach to cybersecurity. Yes. So we're really starting to see that, that flywheel kick-in, in all the different facets of go-to-market channel partner ecosystem. The more conversations you have with your target market customers, the better you design your solution. It's always a displacement. It was akin to bringing a knife to a gunfight, according to the SentinelOne S-1 filing. These companies are more identified with firewall solutions. youtube. SentinelOne has focused on protecting workloads and delivering EDR for the cloud, which Weingarten says is very different from others in the space who've concentrated primarily on posture management. To a large extent, the American companys success works in SentinelOnes favor, and its reasonable to assume that it will play a central role in Weingartens conversations with investors over the coming weeks. So all in all, I think, again, multiple factors come into play, the IPO shining a spotlight on all of them. Welcome everyone and thanks for joining our first earnings call as a public company. I think it's just fair to ask the question, if you can refer to their statements and announcements on this customer? So we're seeing massive traction with that. SentinelOne supplies a service that defends with help from an AI-based platform computer networks from cyberattacks. Technology. Tomer just sort of talked about this just briefly in the last question, but I was wondering if you could just double click a bit on the mix of customers across the different singularity peers specifically core control and complete. Everyone here has a lot to be proud of, especially how quickly we've scaled in just the past year alone. 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 thank you all for joining us today and hopefully in the future. How so? At SentinelOne, Tomer Weingarten has 36 colleagues including Dan Schienman (Director), Ana Pinczuk (Director) . 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. If this call is replayed or reviewed after today, the information presented during the call may not contain current or accurate information. 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. Keenan Conder has served as Chief Legal Officer and Corporate Secretary since September 2021. The dollar-based gross retention rate: 97%. One, our 97% gross retention rate, which means our customers are happy and staying with us. Nick, Tomer, thank you. This is an improvement upon our fiscal year 2021 operating margin of negative 107%. 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. 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. I think thats something that we try to instill as our company culture. See Also: OnDemand | Navigating the Difficulties of Patching OT. We're rapidly expanding this ecosystem and its driving meaningful growth for us. The biggest benefits are coming from our increasing scale and business expansion. SentinelOne -- which provides a machine learning-based solution for monitoring and securing laptops, phones, containerised applications and the many other devices and services connected to a network -- has picked up []. Thank you for attending SentinelOne Second Quarter 2022 Earnings Conference Call. It also means autonomous remediation, taking machine delivered responses to a whole new level of automatic efficiency. David Bernhardt has served as our Chief Financial Officer since September 2020. Thank you. We look at it as a contextual narrative, such as like telling a story, said Weingarten. What that enables customers to do is achieve the outcome we're driving for them and our prospects and customers, which is protection and prevention. Israel cyber firm SentinelOne is trying to hitch a ride on its major rivals success, but the numbers arent in its favor. We don't force them to use our service. We have two triggers. We just announced that we'll be expanding our engineering excellence into the Czech Republic. To me, that was inspiring. 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. The State of Customer Identity & Access Management 2022, 2022 State of Cybersecurity in the Energy Sector, Cybersecurity Summit: North America - East, Key Themes of RSA 2023: Diversity of Ideas - New and Old, Ransomware Response Essential: Fixing Initial Access Vector, Nipping Ransomware in the Bud: Detecting Early Adversary Activity, OnDemand | Navigating the Difficulties of Patching OT, when it comes to performance and deployment, Next-Generation Technologies & Secure Development, Security Information & Event Management (SIEM), The Essential Guide to MITRE ATT&CK Round 4, Get the Most Out of Your (Growing) Security Tech Stack: Three Steps, eBook Special Edition I Extended Detection & Response for Dummies, Augmenting Your Microsoft 365 Email Security Infrastructure, Security Megatrends and Their Impact on Endpoint Security, New OnDemand | Building an Effective API Security and Compliance Program, JavaScript and Blockchain: Technologies You Can't Ignore, OnDemand | Realities of Choosing a Response Provider, FTC: Amazon, One Medical Must Keep Privacy Promises, Risk Management Framework: Learn from NIST, https://www.bankinfosecurity.com/sentinelones-tomer-weingarten-on-cloud-xdr-analytics-a-20160. 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