AI-powered cybersecurity platform, SentinelOne has announced that it has acquired Scalyr, a cloud-scale data analytics platform. The $155 million cash and equity transaction, preceding an anticipated IPO, is the first known acquisition of SentinelOne. With this acquisition, Sentinel One will be able to ingest, correlate, search and act from any source, offering the most advanced integrated XDR platform in the sector.
Mountain View-based Sentinel One protects all entry points to a corporate network, whether it’s a server or a mobile device being used, and automatically monitors malware, scripted attacks, and other exploits. Founded by Google Docs creator Steve Newman, Scalyr created the first cloud-based data analysis platform for log management and observability.
Sentinel One has raised approximately $700 million since its creation in 2013 and recently secured $267 million at a value of more than $3 billion a few months ago. Scalyr had raised close to $28 million, securing big names like GV of Alphabet. Scaly ingests and stores structured and unstructured machine data and is optimized for superior cardinality, high-dimensional data search, and low-cost, high-speed data storage.
About the deal, Tomer Weingarten, co-founder and CEO, SentinelOne, said, ”This is a dramatic leap forward for our industry – while other next-gen products are entirely reliant on SIEM integrations or OEMs for a point in time data correlation and response, SentinelOne uniquely provides customers with proactive operational insights from a security-first perspective.”