SentinelOne Partners to Get Competitive Advantage Boost from IPO

SentinelOne partners will benefit from Wednesday’s successful IPO launch, which raised $1.2 billion.

That’s according to Ken Marks, SentinelOne’s vice president of worldwide channels. SentinelOne’s stock now trades on the New York Stock Exchange under the ticker symbol “S.” It began trading at $46 a share, more than 30% higher than its $35 IPO price.

SentinelOne’s Ken Marks

Last November, SentinelOne raised $267 million in Series F funding. Since February 2020, the company’s valuation has tripled, exceeding $3 billion.

The company protects enterprises from ransomware and other malware. It helps organizations secure their data using artificial intelligence (AI) and machine learning (ML).

SentinelOne outlined key elements of its growth strategy in its Securities and Exchange Commission (SEC) filing. That includes continuing to innovate and enhance its cybersecurity and data platform.

In a Q&A with Channel Futures, Marks talks about what SentinelOne partners can expect from the IPO.

Channel Futures: What made this the right time to launch the IPO?

Ken Marks: One, the market for cybersecurity and the need to protect our customers is never as important it is today. So we felt that with our technology, the growth in the customer base, and the relationships we’re building with some of the largest partners around the world, the time was right to hit the public markets and just really help us accelerate the priorities that we have with our partner community today.

Read the rest of our Q&A session with Marks in our slideshow above.