Channel provided SentinelOne with good growth

The channel helped Cyber security player SentinelOne to revenue growth.

The outfit’s net new business increase by 105 percent  in its latest fiscal year, and highlighted moves it had made across the Europe, Middle Easter and Africa (EMEA) channel as a major contributing factor, helping it record average deal values increasing by 80per cent  during the period.

SentinelOne vice-president Daniel Kollberg said the recent expansion of the outfit’s EMEA distribution landscape and doubling the number of employees across the region from this time one year ago, are clear signs of hypergrowth in all industry segments.

“We are seeing the fruits of a long-term campaign of selecting partners carefully and supporting them intensively. With household brands and major corporations being added to the end customer roster every week, our edge-to-edge Singularity platform is fast becoming the top choice for enterprise customers worldwide, and we are focused on supporting our channel partners to capitalise on SentinelOne’s clear competitive advantages”, he added.

SentinelOne also secured $200 million in funding, making it clear that some of that would be spent on channel activities, with the business hitting a valuation of $1 billion.