Israeli cybersecurity startup SentinelOne is planning an initial public offering of shares this year at a possible valuation of $10 billion, Bloomberg reported over the weekend.
The report said the company has been interviewing bankers ahead of the public share offering, Bloomberg said, citing people familiar with the matter.null
The Tel Aviv based firm, with its global headquarters in Mountain View, California, was founded in 2013 by Tomer Weingarten, its CEO, and Almog Cohen. The firm has raised some $697 million to date, from investors including US VC fund Sequoia Capital, New York-based hedge fund Tiger Global, Insight Partners, Samsung Venture Investment and Qualcomm Ventures, according to the database of Start-Up Nation Central, which tracks the industry.
Earlier this month, SentinelOne said it acquired US big data firm Scalyr, a cloud-based data analytics firm, for $155 million in equity and cash.