NEW YORK : SentinelOne Inc, a cybersecurity company with a market value of $4.2 billion, has been exploring options that could include a sale, according to people familiar with the matter.
Initial expressions of interest did not meet SentinelOne's valuation expectations, and it is possible that the company ends the talks without a deal, one of the sources added. The sources did not specify the price SentinelOne has been seeking.SentinelOne, which was launched in Israel in 2013, protects laptops and mobile phones from security breaches by using artificial intelligence to identify unusual behavior in enterprise networks.
In its latest quarterly earnings report, SentinelOne slashed its guidance for annual revenue growth and said it would lay off about 5 per cent of its employees.