SentinelOne reported total a total revenue increase of 28% for its fiscal Q3 2024 year over year and an annualized recurring revenue increase of 29% year over year. The company reported break even earnings on an adjusted basis. SentinelOne raised its fiscal 2025 forecast to $818 million.
The provider of EDR, MDR, XDR and identity detection and response told analysts and investors during its earnings call this week that it has been working to continue its MSP ecosystem expansion with continued investment in enablement, particularly in CNAP, its Purple AI solution, and data lake technologies for MSPs.
While it has achieved greater penetration in the enterprise market, executives said that it is maintaining momentum in SMB and mid-market segments, supported by its MSP partners.
Ric Smith, SentinelOne president of product, technology and operations, recently told MSSP Alert that the company has created integrations in the MSP ecosystem through partnerships with major players such as Pax8 and ConnectWise.
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Today’s MSSP Update
1. Protecting cloud applications - Bitdefender is offering enhanced capabilities for its GravityZone XDR solution -- a business applications sensor designed to protect corporate data residing in cloud-based productivity and work collaboration solutions. The capability initially protects Atlassian cloud applications including Confluence, Jira, and Bitbucket. Once integrated, the sensor monitors/analyzes security events, baselines and detects unusual behavior, and immediately restricts access for suspicious users.
2. Startup funding - A new cybersecurity company has raised $28.5 million and launched out of stealth mode. Tuskira says it offers a threat defense platform that leverages an AI-powered security mesh. The funding round was led by Intel Capital and SYN Ventures, with participation from Sorenson Capital, Rain Capital, Wipro Ventures, and others. In a statement, the company said Tuskira is targeting the enterprise with a unified security tools approach that includes automated security control assessments and exploit analysis of vulnerabilities across code, cloud environments, applications and infrastructure.
3. Microsegmentation partnership - Enterprise microsegmentation company ColorTokens Inc. has expanded its partnership with global technology consultancy Tech Mahindra. The companies are launching “Breach Ready,” an offering that combines Tech Mahindra’s cybersecurity expertise with ColorTokens’ platform.
4. The email problem - Hornetsecurity’s annual cybersecurity report has revealed that 36.9% of all emails received by businesses in 2024 were unwanted. Of these, 2.3% contained malicious content. Phishing remains the most prevalent form of attack, responsible for a third of all cyber-attacks in 2024.
5. New CISO appointment - Real-time cloud security vendor Sysdig has appointed Sergej Epp as chief information security officer (CISO). Epp previously served as CISO for Palo Alto Networks. In his new role he will report to CEO William “Bill” Welch, who joined the company last month.
6. Patch management solution - Vulnerability management company Tenable has launched Tenable Patch Management, an autonomous solution developed through a strategic partnership with Adaptiva to help organizations remediate.
