SentinelOne completes acquisition of SG cloud security startup

PingSafe founders Nishant Mittal (left) and Anand Prakash / Photo credit: PingSafe

SentinelOne, a US cybersecurity firm listed on the New York Stock Exchange, has completed its acquisition of PingSafe, a Singapore-based cloud security startup.

TechCrunch reported last month that the acquisition valued PingSafe at over US$100 million.

The deal comes roughly six months after PingSafe raised a US$3.3 million seed round from Surge, Peak XV Partners’ scale-up program. Rajan Anandan, the VC firm’s managing director, wrote on his X account last month that PingSafe’s acquisition is “among the fastest ‘seed to significant exits’ [the] Indian ecosystem has ever seen.”

SentinelOne plans to integrate PingSafe’s cloud-native application protection platform with its cloud workload security and cloud data security capabilities.

Among other things, doing so would “eliminate the need for companies to navigate the complexity of multiple-point solutions,” said Ric Smith, SentinelOne’s chief product and technology officer, in a statement. “Instead, they can comprehensively manage their entire attack surface from a single platform.”

Founded in 2022 by CEO Anand Prakash and CTO Nishant Mittal, PingSafe counts the likes of Flipkart, Razorpay, and Near Intelligence as clients. Prakash is a white-hat hacker who has identified vulnerabilities in major platforms like Uber, Meta, and X.

SentinelOne, meanwhile, was founded in 2013 and raised US$1.2 billion in its June 2021 IPO.