From: FinTech Global
Cybersecurity scaleup SentinelOne has acquired logging startup Scalyr in a deal worth $155m in stock and cash.
“We thought Scalyr would be just an amazing fit to our continued vision in how we secure data at scale for every enterprise [customer] out there,” Tomer Weingarten, CEO and co-founder of SentinelOne, told TechCrunch.
SentinelOne will add Scalyr’s real-time data lake to its cybersecurity offering, enable the business to actively prevent hack attacks and not just react to them.
SentinelOne achieved a $3.1bn valuation in November last year after closing a $267m investment round.
It had previously achieved its unicorn status in February 2020 when it closed a $200m Series E round.
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