SentinelOne IPO Filing Reveals Surging Sales, Strength Of Channel
Endpoint security vendor SentinelOne revealed skyrocketing sales and a channel-first selling motion in its IPO filing, with solution providers accounting for 96 percent of the company’s revenue.
By
Michael Novinson June 03, 2021, 07:41 PM EDT
SentinelOne became the second cybersecurity company to pursue an initial public offering this year, revealing skyrocketing sales, growing losses and a channel-first selling motion.
The Mountain View, Calif.-based endpoint security vendor said channel partners brought in 96 percent of SentinelOne’s revenue in the fiscal year ended Jan. 31, 2021, up from 92 percent of revenue in fiscal 2020. SentinelOne’s solution provider focus has led to surging sales and more services engagements for partners as the company looks to raise up to $100 million in a New York Stock Exchange public offering.