SentinelOne‘The artificial intelligence (AI)-powered Purple security suite has doubled its market reach, now protecting twice as many devices. compared to last quarter. The company announced Wednesday (December 4) that Purple AI has become its fastest-growing product as it strengthens its AI capabilities against emerging cyber threats.
“GenAI for security use cases is a force multiplier for security analysts,” CEO Tomer Weingarten told analysts at the company meeting call for results. The company hasn’t released actual numbers on the growth of the Purple suite. “Customers who use Purple AI experience real productivity gains through streamlined workflows and greater automation. »
According to company results reporttotal revenue increased 28% to $210.6 million, compared to $164.2 million for the same quarter of 2023, ending October 31.
Partnerships Drive Expansion
The company also announced a multi-year agreement with Lenovo, the world’s largest PC maker, to consolidate SentinelOne‘s and Purple AI with new business PC shipments. The partnership, which includes pre-installation and managed security offerings, is expected to begin generating revenue in the second half of next year.
Additionally, SentinelOne has expanded its Amazon Web Services partnership, enabling AWS customers to run Purple AI on Amazon Bedrock. “We will continue to deepen our relationship with Amazon, enabling customers to choose and deploy Singularity from one of the world’s largest cloud providers,” Weingarten said.
The company also introduced AI Security Posture Management (AI SPM), designed to protect organizations using generative AI services. “AI SPM was designed from the ground up to secure AI models and pipelines deployed on managed AI services such as Amazon Sagemaker, Amazon Bedrock, Azure OpenAI and Google Vertex AI,” said Weingarten.
The security company highlighted a focus on transparency in AI deployment. Their “AI models provide transparency and ensure that customers maintain full control over the data within our platform, keeping sensitive information in the hands of its rightful owners,” according to Weingarten.
Growing demand for AI
During the quarter, SentinelOne saw increasing demand for AI security tools. A large international retailer doubled its annual recurring revenue with the company, deploying endpoint, cloud and identity security, Purple AI and threat hunting services.
The rise of AI security comes as traditional approaches struggle to keep pace with modern threats. “Siloed solutions, closed platform architectures and human-dependent security solutions simply cannot keep pace with modern threats,” Weingarten said.
Financial Director Barbara Larson highlighted the ongoing security challenges facing organizations: “The threat landscape remains intense, with headlines about new breaches and evolving cyber threats,” she said. “Organizations continue to focus on cost and efficiency. …At the same time, customers are looking for capabilities to fend off AI-based threats, what is a whole new threat vector.
The company’s focus on AI represents a shift in cybersecurity, where automated threats require automated defenses. Although SentinelOne has reported increasing adoption of its AI tools, it operates in a competitive market where many security vendors are making similar investments in AI.
