Connect with us

Startups

SentinelOne raised a total of $120 million for their autonomous Artificial Intelligence-based endpoint security

mm

Published

on

SentinelOne raised a total of $120 million for their autonomous Artificial Intelligence-based endpoint security

Endpoint security is the branch of cyber security which has its main focus on all the data which generally comes from a phone or a laptop along with other devices which are connected to a certain network. This market is worth $8 million and it is growing at a very rapid manner because of all the breach in the systems. To get the whole system in check one of the biggest start-ups in this space has announced a sizeable funding round.

SentinelOne now focuses on all the real-time protection from endpoint protection all the laptops and phones. Most recently, the company has shifted its focus towards cloud services on a certain network along with an autonomous Artificial Intelligence-based platform. They have raised a total of $120 million in their Series D investment round. The money that has been raised in this investment round will be used towards all the current business expansion plans of the company. The company will now be building more tools so that it can expand its business and grow in size.

This round of funding for SentinelOne was successfully raised by Insight Partners along with some other companies like NextEquity and Samsung Venture Investment Corporation. The existing investors like Granite Hill, Tiger Global, Ashton Kutcher, Second Ventures and Third Point Ventures were also part of this investment round.

The company has refused to disclose its net worth now and the Chief Executing Officer has confirmed that they have had a good round of investment this year. PitchBook ended up estimating the net worth of the company at $210 million after Series D investment. It is expected that the original valuation of the company will be about more than $500 million.

“We are one of the youngest companies working in endpoint security, but we also have well over 2,000 customers and 300% growth year-on-year,” Weingarten said. And working in the area of software-as-a-service with a fully-automated solution that doesn’t require humans to run any aspect of it, he added, “means we have high margins.”

There has been a rise in cyber attacks everywhere and this is the reason why the company is growing in such a rapid manner. The company is now working on a software which will help to put stop all the breaches and also make any network secure.

Source

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Startups

Binance starts to restrict United States users ahead of the regulatory compliant exchange launch

Published

on

Binance starts to restrict United States users ahead of the regulatory compliant exchange launch

Finally, the largest cryptocurrency exchange is going legit. Binance is known to process a total of $1 billion on a day to day basis and for a long period of time has embodied the Wild West culture of crypto. It still implements all types of restrictions for the United States of America passport holders on a worldwide basis.

The company has grown drastically and has become one of the biggest names in the crypto industry, which basically allows everyone to use all its services so that they can trade myriad tokens. In the past year, the company has become more professional and has started to offer services in a more organized manner.

Just this week, the company announced that they will soon be pairing up with BAM Trading Services. This will surely be a level of disruption for all the customers of the United States of America. People from the United States of America cannot sign up for the Binance.com service.

“Binance is unable to provide services to any U.S. person.”

-which were confirmed to TechCrunch by a spokesperson.

All the people who are using the service will be given a period of 90 days before the company will stop receiving payments. The company has not yet mentioned that if the ban will be with the help of the geolocation or with the help of the IP address.

The 90-day period, which will be given to the customers will end on the 12th of September 2019. According to experts, people from the United States can simply browse through the website only when they will be using some kind of VPN which will show their location outside of United States of America because of their servers present outside the country.

Continue Reading

Startups

Social commerce startup Meesho is backed by Facebook in the first India investment

Published

on

Social commerce startup Meesho is backed by Facebook in the first India investment

Right now, Facebook is exploring to grow revenue from its franchise of Whatsapp. This organization has already turned into a startup which has now a new lead with it. The social juggerland said that they have already invested in a social media startup which will be equal to other social media startups. He made this statement today.

The two organizations (Meesho and Facebook) raised a fund of $65 million from other investors. The name of the investors is RPS ventures, DST partners, Shunwei capital and other financial companies before the announcement was made. One of the very reliable sources said in this matter to TechCrunch that the funds were “very significant”.

Meesho is Y Combinator alumnus which is actually a marketplace that has a connection with sellers. On this social website, any seller can connect with any customer who ever they feel like. It is a startup which is four years old and has a reseller of 2 million who deals with home appliances, apparels, and other electronic items.

These types of resellers are mainly homemakers, most of them who are using a smartphone for the first time. Eighty percent of the user’s base of Meesho is female. It was started by co-founder and CEO of that organization.

Meesho also has their client’s indifferent small town and country parts of a nation. The main problem is that most of the clients are not online. This is the two main reasons which attracted Facebook to Meesho. This was told by Ajit Mohan to TechCrunch who is the VP of Facebook India.

He stated that:

“A platform that is aimed at India 2 and has such a large user base of women — when most people online in India are predominantly men — is a remarkable achievement.”

It was declared through different male’s accounts and estimates which are done on 70% of Indian Internet users.

Meesho also says that they are helping many resellers who can earn more than Rs.25000 per month. Aatrey said in an interview to TechCrunch that they have a plan to enter the international market very soon.

Right now, Whatsapp is playing a very vital part of this mission. The startup starts to use different social media platforms like Facebook very soon. It will help to spread its business on a global level. Last year, Facebook launched a marketplace in India in which you can get the service as you get from Meesho.

Facebook is now trying different fields. They are trying to invest in different businesses. It will help different types of startups with new encouragement. He stated that:

“Wherever we believe there is opportunity beyond the work we do today, we are open to exploring further investment deals.”

Actually, there are no new partitions where Facebook is focusing.

Till date, Facebook hasn’t given any kickstart to WhatsApp. There was no campaign or something like that with which Whatsapp can grow the communication service in all over the world.

Google, Amazon, and Twitter have also made their initial step by investing in such new Indian Startups. Twitter has already owned ShareChat which is a social media platform. Google has already given funds to a startup named Dunzo. It is a hyperlocal concierge app. Facebook has also backed an Indian startup some 5 years ago.

Source

Continue Reading

Startups

Lifen has managed to collect a fund of $22.7 million for its healthcare messaging platform

Published

on

Lifen has managed to collect a fund of $22.7 million for its healthcare messaging platform

Lifen is a French startup which has raised a fund of $22.7 million, which is almost around €20 million. In the round of investment, the leading groups are Majycc eSanté and Idinvest Partners. Their previous investors like Daphne and Serena are also investing in this project.

Most of the healthcare societies of France still depends on stamps and physical letters. Lifen wants to help the medical professionals and the hospitals so that they can switch to digital letters. It will help to save time and money.

It was very easy at the first attempt to send a digital receipt instead of printing them for one more time. The factor is getting more complex when the health data starts spreading. The companies related to health and medicine should follow all the rules and regulation to keep all the data safe, secure and confidential. Lifen declared that all the pieces of information are encrypted, no one can’t access them properly.

Right now, Lifen is working as an interface with various types of electronic messaging protocols. The protocols are like Zepra, Apicrypt, MS Santé, and Medimail. A letter can be sent to those protocols by clicking on some links. No one can destroy the papers, so anyone can send the letters through French postal services.

The startup is working on managing a record of the healthcare members and it also takes care of the open mails. But in case of receiving messages service, Lifen acts as a unified message inbox. Then Lifen looks like an interface which has an outbox and inbox. The documents can be sent to different portions and the members can sort the patient folder very easily.

When thing diverts to user experience, the startup has gone on a mission to speed up different things. After fixing things up, Lifen is trying to print the pop-ups. Anyone can use any kind of app which can afford to print.

User experience is quietly satisfying. The main motto of the service is to figure out all the problems and documents them in a letter. Lifen also helps to find the details of an appropriate healthcare professional.

The healthcare professional can have access to Lifen by €25 per month per head. As per common sense, we can assume that the hospitals and any healthcare firm can give more to have the service of Lifen.

Continue Reading

Trending