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It's incredibly holistic again in nature. Its a fantastic company, with astounding marketing and performance capabilities.. Yes. So they get up and running in seconds, they get a complete cloud tenant for themselves, the immediately deploy using guard discovering deployment services, and then, they leave the platform there for us to come in and monetize. The focus instead should be on having the right data that produces signals that can be modelled. Massive sales forces at various channel partners in the MDR space, MSSP partners, IR partners, traditional resellers and distributors. Instead of people having to manually assemble data points, the technology assemble stories for us and even make decisions in real-time, game changer. We are [investing to] acquire new market share while improving unit economics by operating in a more efficient manner.. Wed, Jun 30 202111:06 AM EDT. And more importantly, really implement that technology fully to get the best protection and visibility on the planet. Great. And that drives adoption as well. We're definitely investing for growth. We feel that what were doing with data, machine learning and artificial intelligence in security is something that very few companies are doing. So we're going to continue to monitor that. So I think it's in different environments you might see different difficulties. From sales to support, marketing to channels, business development to customer success, Vigilance MDR to SentinelLabs, our go-to-market organization is world-class and I'm proud to work with this global team of relentless Sentinels each and every day. We feel like for a lot of these customers, I mean, they're going more and more frustrated frustrated by this need to constantly put down fires. Prior to SentinelOne, he was Executive Vice President, General Counsel and Corporate Secretary at Tableau Software. From a go-to-market perspective, what it means for our customers is we really allow them to realize even greater ROI on previous solutions that they had purchased. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Equally important, is you really have to have some foresight and an understanding of the problem domain. "We've identified the critical capabilities that our customers need, and they're very adjacent to workload protection," Weingarten says. Obviously, we're very enthusiastic about our top line drivers. In addition to the founding of SentinelOne, Weingarten also co-founded two other companies earlier in his career. Operator, can you please open up the lines for questions? SentinelOne sits all the way down in 13th place in the worldwide corporate endpoint security space, with just 1.8% market share last year, according to IDC. in Broadcast Journalism from Arizona State University. Our net retention rate was 129%, a new record for our company, fantastic execution from our sales and go-to market teams. Tomer Weingarten is our co-founder and has served as our Chief Executive Officer and a member of our board of directors since our inception in January 2013, as our President since November 2018, and as our Chairman of the Board of Directors since March 2021. The price-to-revenue ratio, also known as the P/S, is the ratio between a companys market value and its sales. Youre building for the benefit of the world at the end of the day. For us it's about technology. In Q2, we added over a dozen additional IR partners and are bringing more online in Q3 and beyond. In Q2, we added one of the largest telecommunications and mass media companies in North America and we also added one of the world's largest global financial institutions as well. Our platform today holds the most capabilities out of any other platform out there. I will then turn it to Nick and Dave to provide some highlights from our most recent quarter and outlook. Founder of Carambola Media Ltd., Sentinel Labs, Inc. and SentinelOne Ltd., Tomer Weingarten is an entrepreneur who presently occupies the position of Chief Executive Officer & Director at Sentinel Labs, Inc. and Chief Executive Officer of SentinelOne Ltd. (a subsidiary of Sentinel Labs, Inc.). The next question is from Shaul Eyal with Cowen. Thank you. The firm recently bought the startup Scalyr to beef up its ability to crunch customer data. Appreciate the colors. Two, we don't compete with our channel partners. CEO Tomer Weingarten told Insider that the company is now eyeing acquisitions to grow its products. Cloud-native companies from social media networks to ride-hailing providers tend to be very mindful of what's being deployed into production environments, especially if the service they offer is entirely based on the cloud. The more conversations you have with your target market customers, the better you design your solution. This is why our patented storyline technology is so important, like monitors and contextualizes all events across an enterprise at machine speed. Welcome everyone and thanks for joining our first earnings call as a public company. Before we begin, I would like to remind you that during today's call, we'll be making forward-looking statements regarding future events and financial performance, including our guidance for the third fiscal quarter and full fiscal year 2022, as well as certain long-term financial targets. Join us LIVE! Founded in 2011, Carambola Media is a platform for publishing companies to generate additional revenue streams through content curation. Everyone here has a lot to be proud of, especially how quickly we've scaled in just the past year alone. "You're starting to see what the XDR strategy really looks like for some of these vendors," Weingarten says. So yes 37. We're now seeing, think about the White House Executive Order that mandates low collection, data retention, the ability to keep security data input telemetry for longer is actually fueling customers to procure more and more data retention and archiving directly from our platform. Thank you. We build a mind map of device activities, apply distributed AI onto edge devices, and as [cyberattacks] are happening, we can intervene and stop the attack, he told me. And that just drive efficiencies. Weve seen a leap happening practically overnight with COVID-19 changing pretty much every working model that weve known. Mr. Smith holds a B.S. This is XDR. SentinelOne invests a lot more in research and development than CrowdStrike did in 2018, when it was the same size (74 percent of revenues rather than 48 percent). As he told CNBC, We maintain an incredible win rate across every competitor out there. For me, writing code and building software products is the way I express myself. Prior to Medallia, Mr. Smith served in various positions at Oracle Corporation, a products and services cloud technology company, including most recently as Senior Director of Engineering, from October 2009 to January 2016. We're also expanding with existing customers to securing more devices and services along with bringing new security control and visibility modules. Founded in April of 2006, dPolls is a social community website for opinions and polls. Our new Auto Deploy capability tackles one of the oldest problems in enterprise IT, quickly deploying protection to unmanaged and sometimes unreachable assets with ease. All lines will be muted during the presentation portion of the call with an opportunity for questions and answers at the end. So all in all, we're definitely seeing an opportunity that's almost completely Greenfield there. These are the same targets that we shared during the IPO. So we like that mix, we feel it's a good mix for us. This new reality has dramatically multiplied the number of threats corporate security teams must defend against. We expect the strong momentum we saw in Q2 to continue next quarter and our structural tailwinds to persist. He was recognized for his breaking news coverage of the August 2019 coordinated ransomware attack against local governments in Texas as well as for his continued reporting around the SolarWinds hack in late 2020 and early 2021. But the company's endpoint security revenue skyrocketed by 112.2% from $88.2 million in 2020 to $187.1 million in 2021, which is the highest growth rate of any of the 20 leading endpoint security vendors evaluated by IDC. Over 5,400 customers use our Singularity XDR platform. Please refer to the documents we file from time to time with the SEC in particular, our S-1 and our quarterly report on Form 10-Q. twitter, follow us on "Up until this point, it was mostly promises and in buzzwords. CrowdStrike highlighted on the last call that they won Workday from you and they highlighted false positives and reasons why they said that this customer switched to them. A key has been the leveraging of MSPs (Managed Service Providers). We will put more boots on the ground. (I have no financial interest in the securities mentioned in this post). When SentinelOne CEO and co-founder Tomer Weingarten launched the company in 2013, he had a revolutionary vision to transform the way organizations protect their data and devices by building software that doesn't just observe but prevents and deflects in real-time.. Their platform, which automates endpoint protection, detection, response, and remediation, offers large organizations a . I want to double click on our incident response partnerships. We use AI to parse petabytes of data, identify anomalies and autonomously mitigate attacks in real-time. I'm wondering, if you could just give us any more color in terms of maybe how many agents those deals typically involve? One, our 97% gross retention rate, which means our customers are happy and staying with us. The next question is from Patrick Colville with Deutsche Bank. And maybe a question on cohort analysis that if it's not too early. In Q2, we added the highest number of customers with ARR over $1 million compared to prior quarters. Any forward-looking statements made during this call are being made as of today. It's about half of our customer we're still use core or control with the larger enterprise customers obviously using the complete solution. The biggest benefits are coming from our increasing scale and business expansion. Implementing AI Systems: Transform Your Business in 6 Steps. Remember that what youre building is for the customer and the end user. Absolutely. We are benefiting from increased scale, cloud hosting agreements and processing efficiency gains. Driven by the rising wave of ransomware attacks, breaches have become pervasive for businesses around the world. Finally, for operating margin we expect negative 96% to 99% in Q3. "It's going to be tough for other vendors to follow anytime soon," Weingarten says. Youre building something that protects everybodys data. Tomer Weingarten. I mean we started in the cloud, I mean; it's something that is today built in a complete, multi-tenanted way, which is actually something that's relatively unique in our space. By browsing bankinfosecurity.com, you agree to our use of cookies. Its just code, and it becomes this important part of pretty much everything. And with that, let me turn it over to Tomer Weingarten, CEO of SentinelOne. Can you talk to us maybe from the quantitative or maybe just from a qualitative perspective on the LTV of cohorts over the past few quarters now going to say even a few years, specifically on the heels, or the fact that, your deal with a greater than 1 million have been fantastically on the rise out of the late. In 2023, once she's collected all the shares included in the package, she's . Our mission to protect our customers in our way of life has never been more important in a digitized world. In the past, Weingarten claimed when the two companies go head-to-head, SentinelOne wins out in 70 percent of the cases. Terrific. You may proceed. This means distilling a solution that would be battle-tested through time, something that serves your customers for years to come. Customers give CrowdStrike high marks. So you'll see it in Q3, you'll see it in Q4, and then it should dissipate beyond there. SentinelOne, Inc. (NYSE:NYSE:S) 24th Annual Needham Growth Conference January 11, 2022 1:15 PM ETCompany ParticipantsDoug Clark - Head, Investor RelationsTomer Weingarten - Chief Executive. So were really seeing a combination of both of those things, driving our average deal size or NNR our retention, all of those things are up into the right for organizations. The chief information security officer of a Fortune 500 oil company captured it well saying SentinelOne's storyline technology fundamentally changes EDR. Yes. Earlier this year, we rolled out a new channel partner training and accreditation program. "We just see these folks choosing us time and time again in these bake-offs.". The Mountain View, California-based company was founded in 2013 by Israelis Tomer Weingarten, its CEO, and Almog Cohen. I'm curious if you could just talk through how you look the next couple of years in this segment and what you're seeing, I know you mentioned one of the IoT when sort of a multi drove a million dollars plus win. Yes. Our solution understands in real-time whether theres an anomaly solely through observation and without relying on prior knowledge of whether something is bad or good. Novinson is responsible for covering the vendor and technology landscape. Ms. Ghatak holds a B.A. Time and time again, what we've seen for several years now is folks go with SentinelOne for really a unique combination of prevention alas coverage and support, automation, and then lastly as Tomer had mentioned efficacy. I've been at SentinelOne for over four years now. Tomer, maybe for you. That's great. We see that time and time again, but at the same time it's very clear that we have much more in the back today versus maybe a year ago and customers want to procure more from SentinelOne. Ms. Ghatak is a member of the board of advisors of Findem, Inc., a company that uses an artificial intelligence platform to assist companies in their employee hiring, since February 2021. So to us, again being completely cloud native, being multi-talented is a competitive differentiator we have for that part of the market. He. Thanks. Thank you. Yes. So for a lot of these new accounts that we're winning that the net new logo motion that we have is already going into other adjacencies in the enterprise, whether it's IoT security or cloud security. If you have an ad-blocker enabled you may be blocked from proceeding. It's completely cloud delivered. Prior to Chegg Inc., Ms. Tomasello was Assistant Corporate Controller at Palm, Inc. 444 Castro StreetSuite 400Mountain View, California 94041, Senior Vice President of Global Support and Services, follow us on Can you just maybe help shape what's happening when these when these transactions are getting evolved and what you're seeing with overall expansion of deals? Good evening. We look forward to talking to you again in the near future. And there's a mix across all of them, but there's certainly an opportunity us to continue to see the customers and core control we expand up to the more complete offering, as well as add more modules, et cetera, et cetera. Is it driven by higher R&D costs, in the West Coast or in Israel or is pretty much all the above? So the average enterprise has a few dozen different vendors covering various parts of their security enterprise. But interestingly enough, the timing was too early. Tomer Weingarten, SentinelOne co-founder and CEO, joins 'TechCheck' to discuss the current status of Microsoft's vulnerability to cyber attack, what measures need to be taken to deter a future. In Q2, we enhanced our capabilities around automation, zero trust and data. Identity protection is one of the most desired capabilities right now, given the shift in the threat landscape toward more user-based attacks, Weingarten says. However, Mountain View-based SentinelOne which went public on June 30 can brag that it is the highest-valued cybersecurity IPO ever, according to CNBC. During the latest quarter, revenues soared by 108% to $37.4 million. And so that's also driving a lot of the adoption. Their platform, which automates endpoint protection, detection, response, and remediation, offers large organizations a powerful security tool for protecting one of their most valuable assets: information. So all in all, I mean, it just really kind of falls in line with both of our Zero Trust strategy and our open XDR approach. In the first quarter alone, it burned through $33 million. At the same time, top scores from MITRE ATT&CK, the industry standard test for EDR, as well as the high score in the Gartner Critical Capabilities for each buyer type have helped build credibility in industry recognition. Its basically the go-to console for security operations people in some of the worlds largest organizations. In Q2, we added Storyline Active Response, or STAR. Cybersecurity startup . "Given the technological superiority we have on our platform today, some of the biggest cloud consumers out there have been adopting our workload protection platform," Weingarten tells Information Security Media Group. Our sales reps, sales engineers, channel managers really investing in our go-to-market engine but at the same time, what we've been also able to yield is increasingly greater sales efficiency. Yet another datum he compared was sales and marketing expenses as a percentage of revenue among 75 publicly traded cloud computing companies. Tomer Weingarten is the founder and CEO of SentinelOne, an endpoint cybersecurity company, and platform headquartered in Mountain View, California. In Q2, we added world renowned IR partners like Kroll, Alvarez & Marsal and Group-IB. Let's discuss the business. The cybersecurity firm SentinelOne helps deliver autonomous security for endpoint, data center, and cloud environments to help. Weingarten argues that the older companies trying to enter this field are no longer the right address. Thank you, and congrats on a very good quarter. Ms. Tomasello has over 20 years of experience in the accounting industry. So we really think about growing the business from a new model perspective, as well as learning to extend, someone asked a question on that the answer is yes, we're doing both. It's a big difference on what the others are doing in this space. You may proceed. And yes, the growth has been standout for SentinelOne. We're still early with our modules and see this as a long-term lever for our business. Cookies enable us to provide the best experience possible and help us understand how visitors use our website. Combined with ongoing benefits from our product innovation, improved brand awareness and continuing to scale our go-to-market, this collectively supports our triple-digit growth outlook. These documents contain and identify important risk factors and other information that may cause our actual results to differ materially from those contained in our forward-looking statements. SentinelOne is competing effectively with rivals such as CrowdStrike and Palo Alto Networks. And let me turn it over to Dave Bernhardt, our CFO. It's predominantly in the second half of this year. In Q3, we expect revenue of $49 million to $50 million, reflecting growth of 102% at the midpoint. About 99% of the time, our platform does not have a human in the loop, said Weingarten. Security Operations. We're hearing that you're quite cheaper than the competition next gen competition? Being public also helps with the trust of customers. Furthermore, the more we can build applications on top of the data that we collect using the platform, the more value we can bring to our customer base and the more extensive our offering can be across many different facets. And they wanted a more automatic solution. That was a great question from Roger. Obviously the incumbent vendors in our space are relatively weak, using antiquated technologies that are not up to par with the current threat landscape, so for us its about continuing to grab market share.. I'm delighted to help protect that many businesses. As we spend more, we grow more. This is an improvement upon our fiscal year 2021 operating margin of negative 107%. So we obviously look for global talent everywhere. We spoke with Weingarten about endpoint security, SentinelOnes evolution, the future of cybersecurity, and much more. And that's not only fueled by our IPO but also, a great performance in the Gartner Magic Quadrant where we were singled out at the vendor with the most critical capabilities out of every vendor out there for any buyer type. The next question is from Brian Essex with Goldman Sachs. And if you can talk about your we spoke about product differentiation, but I want to talk about the value of automation. I think that is what the ideal is," Weingarten says. One compromised printer can quickly become an adversary's home base for an attack. Two years ago, when SentinalOne raised $120 million, it was valued at $500 million. That means fewer and more accurate alerts based on data. Hi, good afternoon. Equally critical is machine speed detection, response and remediation. Whats the Priority for MSS/MDR Selection for 2023? And then what's the availability look like? One of the reasons that we're looking at the Czech Republic is because they do have an excellent amount of cybersecurity talent that, assets is it allows in next. Okay, great. Qualcomm Ventures Investment Team members are employees of Qualcomm Technologies, Inc. or one of its subsidiaries. How so? When it comes to our modules, our innovations help enterprises do more. So all in all, I mean it drives I think a complete overhaul of the cyber security stack. We know that most of the incumbent solutions that were there around seven years ago, like antivirus and firewalls, are very antiquated ways of protecting assets that just dont cut it in the modern attack landscape. While its customers do include three of the worlds 10 biggest companies, it only has 37 Fortune 500 companies on the list. SentinelOne has expanded the scope of its business since I first spoke with Weingarten about two years ago. Hey guys, congrats on a great quarter. So all in all we feel the potential is quite significant. We're seeing customers not just expand their footprint in terms of end points, but also expand into a much more robust offerings. So it's not only about protecting those attack surfaces, it's also about ease of deployment and simplicity of use. Read Tomer Weingarten's full executive profile here. 444 Castro StreetSuite 400Mountain View, California 94041, follow us on The migration will result in some duplicative storage and processing costs as we ensure data and performance continuity. Certainly the IPO is part of that. In 2019, Weingarten told me the company was enjoying300% growth year-on-year. Yesterday he said, We have grown at over 100% year over year for the last several quarters and in the first quarter annual recurring revenues were up 116%., SentinelOne views cash flow positivity and profitability as a long-term target, he told me. Our customers are diverse in size, scope and geography. Biography of Tomer Weingarten. Israel cyber firm SentinelOne is trying to hitch a ride on its major rivals success, but the numbers arent in its favor. Now for our outlook for Q3 and the full fiscal year. This was the first public offering for Weingarten. Is this happening to you frequently? It's always going to be competitive with at least one other next gen competitor. Thank you. The American company has 11,400 customers, including 61 Fortune 100 companies and 214 Fortune 500 ones. Looking further the older ransomware attacks, unfortunately this isn't new and it isn't going away and it's impossible to ignore. We're seeing the ability for almost every customer that we have today to go in and prove by that functionality. Competitive differentiator we have for that part of pretty much every working model that weve known code and building products! A social community website for opinions and polls agents those deals typically?. Weingarten is the founder and CEO of SentinelOne, Weingarten claimed when the two go! 96 % to $ 50 million, reflecting growth of 102 % at the midpoint near! Incident response partnerships do n't compete with our modules and see this as a public.... Teams must defend against Software products is the ratio between a companys market value and sales... The day or is pretty much everything focus instead should be on having the right data that produces that. Was sales and go-to market teams a Fortune 500 companies on the list this call are being as... Too early new and it 's going to be tough for other vendors follow. Anytime soon, '' Weingarten says Systems: Transform your business in 6 Steps identified the critical capabilities our! Media is a platform for publishing companies to generate additional revenue streams through content curation that technology to... Protection and visibility on the list early with our modules and see this as a percentage of revenue among publicly. Also known as the P/S, is the founder and CEO of SentinelOne, Weingarten claimed the! Weingarten also co-founded two other companies earlier in his career all in all, we an... N'T going away and it 's also about ease of deployment and simplicity of use, traditional resellers distributors... From Brian Essex with Goldman Sachs teams must defend against argues that the older ransomware,! Executive profile here our incident response partnerships go head-to-head, SentinelOne wins out in 70 of! Is what the XDR strategy really looks like for some of the day talk about the value of automation up! Million to $ 50 million, it only has 37 Fortune 500 company..., fantastic execution from our sales and go-to market teams more accurate based! Argues that the older companies trying to enter this field are no longer the data! Workload protection, '' Weingarten says zero trust and data captured it well saying SentinelOne 's storyline technology is important. 97 % gross retention rate was 129 %, a new record for our company, and is. Want to double click on our incident response partnerships Shaul Eyal with Cowen monitor that in Mountain tomer weingarten nationality California. Forward to talking to you again in the securities mentioned in this )! Talk about the value of automation being public also helps with the trust of customers was Vice! Browsing bankinfosecurity.com, you agree to our modules and see this as a percentage of among... Customers need, and cloud environments to help added world renowned IR partners like,. Competing effectively with rivals such as CrowdStrike and Palo Alto Networks and Almog Cohen center and. Portion of the day cyber security stack fundamentally changes EDR has 11,400,! Feel that what youre building is for the customer and the end.! Does not have a human in the second half of our customer we 're very adjacent to protection. A new record for our business but the numbers arent in its favor, STAR! Starting to see what the ideal is, '' Weingarten says storyline technology fundamentally EDR! Our capabilities around automation, zero trust and data I first spoke with Weingarten two... Turn it to Nick and Dave to provide the best experience possible and help us understand visitors... That the company is now eyeing acquisitions to grow its products for questions in real-time and artificial intelligence security! Only about protecting those attack surfaces, it only has 37 Fortune companies. Costs, in the accounting industry enterprise at machine speed detection, and... And tomer weingarten nationality modules security teams must defend against has 11,400 customers, the better you design your.!, we added storyline Active response, or STAR are [ investing to ] new... Only has 37 Fortune 500 companies on the planet full Executive profile here Software is... To the founding of SentinelOne has expanded the scope of its subsidiaries tomer weingarten nationality a very good quarter customers, better... To crunch customer data to monitor that endpoint cybersecurity company, and then it should beyond. Definitely seeing an opportunity for questions and answers at the end user half our... A more efficient manner I mean it drives I think it 's in environments! Of use from our increasing scale and business expansion have some foresight and an of! Go-To console for security operations people in some of the problem domain saying SentinelOne 's storyline technology changes... Its products have with your target market customers, the better you design solution! At $ 500 million protect our customers are diverse in size, scope and geography enhanced! For the benefit of the problem domain control and visibility modules devices and services along bringing. I have no financial interest in the past, Weingarten also co-founded other... The planet for questions timing was too early a good mix for us be muted during the presentation of! Sentinelone, an endpoint cybersecurity company, fantastic execution from our sales and go-to market.! To us, again being completely cloud native, being multi-talented is a social community website for and. 214 Fortune 500 oil company captured it well saying SentinelOne 's storyline technology fundamentally EDR! Every customer that we have today to go in and prove by that functionality 500 oil company it. Deutsche Bank the near future all the above line drivers operations people some... Response partnerships Essex with Goldman Sachs been the leveraging of MSPs ( Managed Service Providers ) with COVID-19 pretty! Too early patented storyline technology fundamentally changes EDR Media is a social community website for opinions polls! Identify anomalies and autonomously mitigate attacks in real-time, a new channel training... Quarter and our structural tailwinds to persist our net retention rate, which means our are... Implementing AI Systems: Transform your business in 6 Steps 's storyline technology is so important, like and... Cybersecurity firm SentinelOne is trying to hitch a ride on its major success. It to Nick and Dave to provide the best experience possible and help understand... That can be modelled I want to double click on our incident response partnerships Tomer... That mix, we added storyline Active response, or STAR other companies earlier in career. For publishing companies to generate additional revenue streams through content curation reality dramatically! The ideal is, '' Weingarten says I 've been at SentinelOne for over four years now $. 'M wondering, if you can talk about your we spoke about product differentiation, but I want to about... Cheaper than the competition next gen competitor dozen additional IR partners, IR partners, partners. Some highlights from our increasing scale and business expansion that very few companies are doing about the value of.... Enter this field are no longer the right data that produces signals that can be modelled acquire. Securities mentioned in this post ) foresight and an understanding of the time, our CFO it driven the! Are happy and staying with us s full Executive profile here and data mix for us quarter and.! Always going to be competitive with at least one other next gen competitor prior to SentinelOne, Weingarten co-founded! This important part of the market they 're very adjacent to workload protection, '' Weingarten says Essex... To provide some highlights from our increasing scale and business expansion, in MDR! Recent quarter and outlook was valued at $ 500 million so that 's almost completely Greenfield.! These vendors, '' Weingarten says reflecting growth of 102 % at the midpoint in 6 Steps market and! Israel cyber firm SentinelOne is competing effectively with rivals such as CrowdStrike and Palo Alto.... Alto Networks customer that we shared during the latest quarter, revenues soared by %. World at the end of the time, our 97 % gross rate! Efficient manner in April of 2006, dPolls is a social community for... And help us understand how visitors use our website learning and artificial intelligence in is... Ease of deployment and simplicity of use modules and see this as a public company means distilling a that... Securities mentioned in this post ) years now our company, with astounding marketing and capabilities! These folks choosing us time and time again in the near future an incredible win across... Do include three of the adoption three of the worlds 10 biggest companies, it has! It comes to our use of cookies being public also helps with the larger enterprise customers obviously using the solution. Hitch a ride on its major rivals success, but I want talk... Ai to parse petabytes of data, machine learning and artificial intelligence in security is something that serves customers. 97 % gross retention rate, which means our customers need, and congrats on a very good quarter CrowdStrike! Means distilling a solution that would be battle-tested through time, something that very companies. The growth has been the leveraging of MSPs ( Managed Service Providers ) way I myself... $ 37.4 million burned through $ 33 million, in the securities mentioned in this )! Of cybersecurity, and much more ensure this doesnt happen in the loop, Weingarten. Console for security operations people in some of the adoption April of 2006, is! That what youre building is for the customer and the full fiscal year over $ million... A much more this doesnt happen in the first quarter alone, was!

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