Endpoint safety firm SentinelOne has filed for an IPO and is trying to increase as much as $100 million in its New York Inventory Alternate public providing, the corporate confirmed in its S-1 submitting.

Within the submitting, SentinelOne disclosed 108% year-over-year income progress within the three months ending April 30, 2021, growing from $18 million to $37.4 million. Its buyer base elevated from greater than 2,700 to greater than 4,700 between April 30, 2020, and April 30, 2021. Its channel companions generated 96% of income for the fiscal 12 months 2021, up from 92% a 12 months prior.

The submitting additionally states web losses greater than doubled year-over-year, growing from $26.6 million within the three months ending April 30, 2020, to $62.6 million within the three months ending April 30, 2021.

The corporate expects working bills to extend sooner or later because it continues to spend money on its future progress, which incorporates “increasing our analysis and improvement perform to drive additional improvement of our platform, increasing our gross sales and advertising actions, creating the performance to broaden into adjoining markets, and reaching clients in new geographic places,” in line with its S-1 submitting.

Because it was based in 2013, SentinelOne has raised $696.5 million in funding, Crunchbase reports. Final November it raised $267 million in Collection F funding, bringing the corporate’s valuation to greater than $3 billion – triple its $1 billion valuation since its Collection E in February 2020.

SentinelOne has utilized to checklist its Class A standard inventory on the NYSE below the ticker image “S.”

Learn the full S-1 filing for extra data.