SentinelOne files for $100M IPO

The company is a late-stage cybersecurity startup that helps organizations secure their data using AI and machine learning. In an S-1 filing, the security company revealed that for the three months ending April 30, its revenues increased by 108% year-on-year to $37.4 million. Furthermore, its customer base grew to 4,700, up from 2,700 a year prior. However, SentinelOne's net losses were more than double from $26.6 million in 2020 to $62.6 million. We also expect our operating expenses to increase in the future as we continue to invest for our future growth. Including expanding our research and development function to drive further development of our platform.