SentinelOne acquires Scalyr in $155m deal

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.

Copyright © 2021 FinTech Global

Enjoying the stories?

Subscribe to our daily FinTech newsletter and get the latest industry news & research

Investors

The following investor(s) were tagged in this article.