SentinelOne buys US big data company Scalyr for $ 155 million


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Israeli cybersecurity platform company SentinelOne today announced its acquisition of US cloud-based data analytics platform Scalyr for $ 155 million in cash and equity. The acquisition will allow SentinelOne to solve one of the biggest challenges in offering a fully integrated XDR platform: handling all operational data in real time from a security perspective. SentinelOne was founded in 2013 by CEO Tomer Weingarten and Almog Cohen, who no longer has an active role in the company. The company has developed an AI-based platform to secure personal computers, servers, cloud servers, and other internet-connected devices. SentinelOne raised $ 200 million in February and an additional $ 267 million in November, tripling its value to $ 3 billion in less than a year. Weingarten said, “With our acquisition of Scalyr, SentinelOne is solving one of the industry’s biggest data challenges to deliver fully integrated XDR capabilities. Scalyr’s big data technology is ideal for XDR use cases, as it ingests terabytes of data across multiple systems and connects it to machine speeds so professionals can enjoy In the field of security with practical intelligence to independently detect, respond to and mitigate threats. ”He added,“ This is a huge leap forward for our industry – while other next-generation products rely entirely on SIEM or OEM integration to connect and respond to data in a timely manner, SentinelOne offers customers uniquely proactive operational insights from a security-first perspective. The combination of Scalyr’s data analytics and our industry-leading AI capabilities heralds a new era of machine speed prevention, detection, and response across the enterprise. ” Founded by founder of Google Docs, Steve Newman, Scalyr President, created the industry’s first native cloud data analytics platform for log management and monitoring capability. Scalyr ingests and stores petabytes of structured and unstructured machine data, and is optimized for high-quality, high-dimensional data: data search and storage with low costs and high speeds. Scalyr is used by leading brands such as NBC Universal, CareerBuilder, TomTom, Lacework, Zalando, Tokopedia and Asana to manage large-scale data operations. “We built Scalyr to solve critical data challenges for the cloud world first,” said Newman. Posted by Globes, Israel business news – en.globes.co.il – Feb 9, 2021 © Copyright Globes Publisher Itonut (1983) Ltd. 2021


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