SentinelOne, a Silicon Valley cybersecurity startup last valued at $1.1 billion and widely considered a strong IPO candidate, is hiring Silicon Valley financial veteran Dave Bernhardt as chief financial officer.
SentinelOne CEO Tomer Weingarten said only that "there is a possibility" that the company could file for an IPO in the next 12 months, and that the company may raise additional funding between now and any market listing. While hiring a CFO is commonly one of the first steps in preparing for an impending stock market debut, SentinelOne CEO Tomer Weingarten said only that "there is a possibility" that the company could file for an IPO in the next 12 months.
Weingarten also said another funding round is possible for SentinelOne "pre-IPO." The company picked up $200 million in Series E funding at a valuation of $1.1 billion in February, and has raised a total of $430 million from Insight Partners and Samsung Venture Investment, among others.
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