11/25/2024 | Press release | Distributed by Public on 11/25/2024 10:31
AI-security leader continues to break boundaries with relentless innovation and strong growth, claims top spot among publicly traded security vendors
MOUNTAIN VIEW, CA - November 25, 2024 - SentinelOne® (NYSE: S), a global leader in AI-powered security, today announced that for a sixth consecutive year, it has been ranked on the 2024 Deloitte Technology Fast 500, an annual listing of the fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies in the United States and Canada. With strong revenue growth of 808% between 2019 and 2023, SentinelOne landed at number 145 on the list and claimed the top spot among publicly traded security vendors.
"Innovation, transformation, and disruption of the status quo are at the forefront for this year's Technology Fast 500 list, and there's no better way to celebrate 30 years of program history," said Christie Simons, partner, Deloitte & Touche LLP and industry leader for technology, media and telecommunications within Deloitte's Audit & Assurance practice. "This year's winning companies have demonstrated a continuous commitment to growth and remarkable consistency in driving forward progress. We extend our congratulations to all of this year's winners - it's an incredible time for innovation."
As part of SentinelOne's most recent earnings report for the second quarter of fiscal year 2025, total revenue increased 33% to $199 million, compared to $149 million in the year-ago quarter, and ARR grew 32% to $806 million, compared to $612 million in the year-ago quarter.
"For the last decade, SentinelOne has been leading the charge with innovations that are disrupting cybersecurity," said Tomer Weingarten, CEO, SentinelOne. "We continue to execute our strategy to build intelligent autonomous cybersecurity for the future and turn our technology leadership into market leadership, delivering top-tier growth. Recognition as a Deloitte Technology Fast 500 company validates our strategy, the strength of our business and the value we deliver."
As the threat landscape continues to evolve and become more complex, enterprises are looking for leading security protection that drives business resiliency and world-class cyber defense, and SentinelOne delivers it. The company's AI-powered Singularity™ Platform is a leader in key industry evaluations, including the 2024 Gartner® Magic Quadrant™ for Endpoint Protection Platforms , MITRE ATT&CK Evaluations, Gartner Peer Insights and G2 Grid for Cloud Native Application Protection Platforms. SentinelOne was also recognized as "Best Enterprise Security Solution" and "Best Endpoint Security Solution" in the 2024 SC Awards, and its transformative Purple AI security analyst was named the CyberScoop 50 "Innovation of the Year."
"Our technology is designed to protect businesses, government agencies and service providers of all sizes with intelligent, automated security and our unique architecture gives us an advantage as customers and partners alike look for leading security protection to get and stay ahead of threats today and tomorrow," Weingarten added.
To learn more about SentinelOne and the value it is delivering to customers around the world, click here.
About the 2024 Deloitte Technology Fast 500
Now in its 30th year, the Deloitte Technology Fast 500 provides a ranking of the fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies - both public and private - in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2020 to 2023.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company's operating revenues. Companies must have base-year operating revenues of at least US $50,000, and current-year operating revenues of at least US $5 million. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
About SentinelOne
SentinelOne is a leading AI-powered cybersecurity platform. Built on the first unified Data Lake, SentinelOne empowers the world to run securely by creating intelligent, data-driven systems that think for themselves, stay ahead of complexity and risk, and evolve on their own. Leading organizations-including Fortune 10, Fortune 500, and Global 2000 companies, as well as prominent governments - trust SentinelOne to Secure Tomorrow™. Learn more at sentinelone.com.
About Deloitte
Deloitte provides industry-leading audit, consulting, tax and advisory services to many of the world's most admired brands, including nearly 90% of the Fortune 500® and more than 8,500 U.S.-based private companies. At Deloitte, we strive to live our purpose of making an impact that matters by creating trust and confidence in a more equitable society. We leverage our unique blend of business acumen, command of technology, and strategic technology alliances to advise our clients across industries as they build their future. Deloitte is proud to be part of the largest global professional services network serving our clients in the markets that are most important to them. Bringing more than 175 years of service, our network of member firms spans more than 150 countries and territories. Learn how Deloitte's approximately 460,000 people worldwide connect for impact at www.deloitte.com.
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