CRWD possible acquisition

Article about CRWD large R&D center in Israel from a possible acquisition of an Israeli company. Apparently Israel is a bit of a hot spot for cyber security. Sentinel one was founded in Israel as well.

CRWD reports on 9/1, so maybe some news by then…?

https://en.globes.co.il/en/article-crowdstrike-to-buy-israel…

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Sentinel one was founded in Israel as well.

cwg75,

Since when is Mountain View, California, located in Israel?

From the S1:
We were incorporated in the State of Delaware as Sentinel Labs, Inc. in January 2013. We changed our name to SentinelOne, Inc. in March 2021. Our principal executive offices are located at 444 Castro Street, Suite 400, Mountain View, California 94041. Our telephone number is (855) 868-3733. Our website address is www.sentinelone.com. The information contained on, or that can be accessed through, our website is not a part of this prospectus. Investors should not rely on any such information in deciding whether to purchase our Class A common stock. Unless otherwise indicated, the terms “SentinelOne,” the “company,” “we,” “us,” and “our” refer to SentinelOne, Inc. and our subsidiaries, and references to our “common stock” include our Class A common stock and Class B common stock.

Sorry, couldn’t resist.

Best,
I. M.

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The company has been incorporated in California, but the three co-founders are Israeli. Not sure though whether they founded the company in Israel and then moved it to the US (like many Israeli tech startups do), or they decided to start it in the US.

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The rumors about the purchase are going on for about a week.
There are few names in local media and those two are making to the top of the list:
https://orca.security/
https://www.radware.com/

Not sure though whether they founded the company in Israel and then moved it to the US (like many Israeli tech startups do), or they decided to start it in the US.

Israel.

Almost three decades after his first steps in the tech world, Weingarten (39) has come full circle: SentinelOne, which he founded in 2013 with his childhood friend Almog Cohen, became the Israeli company with the highest valuation as it started life as a public company on Wall Street.
SentinelOne founder and CEO Tomer Weingarten.

Unlike the young cyber companies that have sprung up recently, SentinelOne, which provides organizations with endpoint protection for every device connected to the network, took several years to reach a billion-dollar worth and unicorn status. It happened in early 2020, and since then, the company has kept going. By the end of 2020, it had already reached a value of $3 billion, and on June 30 of this year, it had raised more than $1.2 billion on Wall Street, at a value of $9 billion. However, it did not stop there either as the company concluded its first trading day at a value of nearly $11 billion.

In the crowded and competitive Israeli cyber industry, SentinelOne manages to stand out as an extraordinary success story, and one of the reasons for this is undoubtedly its founders: Weingarten and Cohen, who retired from the company a few years after its founding. They were not the typical Israeli tech founders, not former soldiers in an elite technology military unit, but rather friends who actually met in elementary school, in the second grade in Petah Tikva, and had not parted until a few years ago when Cohen left the company.
https://www.calcalistech.com/ctech/articles/0,7340,L-3917654…

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Thank you for posting, this is a fascinating article…

There are many actors in this field. What is your place in it all?

“It’s a very big field, but there’s one market that is the biggest today - the endpoint security market, and it’s where we have always been. There is another significant actor there, the publicly traded CrowdStrike, which is our main competitor. When we started, there were dozens more, now it is them and us. Our dominance in this market positions us as a key player, we have expanded to other areas, such as cloud security, where there are also many actors - but it is a large market and there is no winner.”

Weingarten does not mention names, but it is hard not to understand that he is speaking of young Israeli unicorns like Wiz and Orca, two start-ups that reached a value of $1 billion with revenues of a few million dollars when he said that “today a considerable part of our income is coming from the cloud. We have more revenue from the cloud than all the startups that have just popped up. In the cloud space, there is a lot of sentiment for large fundraising and good teams, but at the end of the day, the platform companies work in the cloud in a much more significant way.”

The reason for the advantage of companies like SentinelOne and Palo Alto is that their base product protects all endpoints in an organization, and from there it is easier for them to expand the customer’s security circle, unlike companies that provide only cloud security, as a separate product. “Once you have coverage of all the real estate in the organization, more capabilities can be offered on top of your platform,” Weingarten explained.

“Our customers are among the most satisfied customers in the world, and the ability to grow with them is very significant. At the same time, our organic growth is almost unrivaled. We reached our IPO with our ARR (Annual Recurring Revenue) growing by 116%. There is perhaps one company in the public market that has grown faster than us. We are in a group of intriguing companies at the global level.”

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