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- Attivo Networks
Attivo Networks Acquisition, Valuation, Funding & Investors
Attivo Networks was acquired by SentinelOne for $617M in March 2022, a 3.2x multiple on $193M of revenue.
Attivo Networks revenue at acquisition
$193M
Last twelve months · Mar 2022
Attivo Networks revenue multiple at acquisition
3.2x
EV/Revenue · Mar 2022
Cumulative funding Attivo Networks raised
$60M
across 5 funding rounds
About Attivo Networks
Attivo Networks is a cybersecurity company that protects organizations against identity compromise, privilege escalation, and lateral movement attacks through its Identity Threat Detection and Response (ITDR) technology. Its platform originated from deception-based tools, using decoys such as its Camouflage system to detect and analyze cyber threats in real time across networks, data centers, cloud, IoT, and point-of-sale environments. The company served customers in finance, retail, government, and energy, including Fortune 500 companies and government entities, before being acquired by SentinelOne in 2022.
Founded
2011
HQ
Website
Status
Acquired
Customer focus
B2B
Revenue model
Subscription
Revenue
$193M (Mar 2022)
Valuation
$230M (Oct 2017)
Attivo Networks Acquisition
Attivo Networks was acquired by SentinelOne for $617M on 15 March 2022.
The acquisition price implies a 3.2x revenue multiple on $193M of revenue.
Before the acquisition Attivo Networks had raised $60M across 5 funding rounds.
SentinelOne, an autonomous cybersecurity platform company, announced on March 15, 2022, its acquisition of Attivo Networks, a US-based identity security and lateral movement protection provider, for $616.5 million in cash and stock. The deal aimed to extend SentinelOne's AI-powered prevention, detection, and response capabilities to identity-based threats, enhancing its Singularity XDR platform and accelerating enterprise zero trust adoption by addressing the $4 billion identity security market. Attivo Networks protects against identity compromise, privilege escalation, and lateral movement attacks, serving Fortune 500 companies and government entities. The acquisition integrates Attivo's Identity Threat Detection and Response (ITDR) technology as a key component of holistic XDR strategies, particularly amid hybrid work and cloud adoption shifts. SentinelOne expected closure in its fiscal second quarter, subject to regulatory approvals, with the deal completed by May 2022. Prior to the acquisition, Attivo had raised approximately $60 million from investors including Bain Capital Ventures, Energy Impact Partners, Omidyar Network, ForgePoint Capital, Singtel Innov8, and Macnica. SentinelOne's CEO Tomer Weingarten highlighted identity as the new perimeter, positioning the deal as a natural progression for threat protection across the attack lifecycle.
| Acquirer | Date | Type | Price | EV/Revenue |
|---|---|---|---|---|
| 15 Mar 2022 | Strategic M&A | $617M | 3.2x |
Attivo Networks Valuation
Attivo Networks is currently valued at $230M, based on its Series C in October 2017.
The $23M round was led by Forgepoint Capital, with participation from Singtel Innov8, Bain Capital Ventures and Omidyar Technology Ventures.
Attivo Networks valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Oct 2017 | Series C | $230M |
Attivo Networks Funding History
Attivo Networks has raised a total of $60M across 5 funding rounds.
Attivo Networks' first fundraising round was a $3M seed round in December 2014. The most recent completed round was a $11M Series C in June 2019.
Attivo Networks funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jun 2019 | Series C | Energy Impact Partners (lead); Forgepoint Capital; Singtel Innov8; Bain Capital | $11M | - | Attivo Networks was a cybersecurity company specializing in Identity Threat Detection and Response (ITDR) technology, led by founder and CEO Tushar Kothari. The company closed a funding round in June 2019 led by Energy Impact Partners, with participation from Bain Capital Ventures, Forgepoint Capital, and SingTel Innov8. The company ultimately was acquired by SentinelOne on March 15, 2022, after raising $47.3 million across nine funding rounds during its independent operating period. |
| Oct 2017 | Series C | Forgepoint Capital (lead); Singtel Innov8; Bain Capital Ventures; Omidyar Technology Ventures | $23M | $230M | Attivo Networks is a cybersecurity company specializing in deception technology for real-time detection, analysis, and response to cyber threats, protecting networks, data centers, cloud, IoT, ICS-SCADA, and POS environments with tools like its Camouflage system that deploys decoys to trap attackers. The platform serves sectors including financial, retail, government, energy, and high-tech, with over 350 customers by late 2017. In 2017, Attivo achieved record results with over 300% revenue growth for the year, alongside expanded customer adoption in key verticals. The company raised a $21 million Series C round in December 2017 led by Trident Capital Cybersecurity, with participation from Bain Capital Ventures and Omidyar Technology Ventures; a prior $15 million Series B closed in May 2017 brought total funding to around $45.7 million at that point. Attivo evolved from deception tech to leadership in Identity Threat Detection and Response (ITDR), protecting identities, credentials, and assets across endpoints. Investors included Forgepoint Capital, Bain Capital Ventures, Omidyar Technology Ventures, and others. In March 2022, SentinelOne acquired Attivo for $616.5 million in a cash-and-stock deal to integrate its identity security into SentinelOne's XDR platform, enhancing zero-trust capabilities amid rising identity-based threats. |
| May 2017 | Series B | Omidyar Technology Ventures (lead); Secure Octane; Forgepoint Capital; Bain Capital Ventures; Macnica Ventures | $15M | - | Attivo Networks raised $21 million in a Series C funding round on October 11, 2017, led by Trident Capital Cybersecurity with participation from Bain Capital Ventures and Omidyar Technology Ventures. This brought total funding raised in 2017 to $36 million. The company specializes in deception solutions for cybersecurity defense, using dynamic deception techniques and decoys for early detection and response to threats. Earlier, Attivo Networks closed a $15 million Series B round in May 2017 with investors including Omidyar Technology Ventures. The funding supported expansion of deception-based threat detection technology amid growing demand. Analysts highlighted Attivo's advanced offerings, including vulnerability assessment, response automation, and threat hunting capabilities. The deception technology market was estimated to grow to $3 billion by 2019, with Attivo receiving recognition from Gartner, 451 Research, and others, including 19 awards in 2017. |
| Apr 2015 | Series A | Bain Capital Ventures (lead) | $8M | - | Attivo Networks raised an $8 million Series A round led by Bain Capital Ventures around April 2015. The company provides deception technology for cybersecurity, focusing on real-time detection, analysis, and response to threats in networks, data centers, cloud, IoT, and other environments. Bain Capital Ventures had previously invested in a 2014 seed round and participated in subsequent rounds including Series B in 2016 and Series C in 2017. The Series A funding supported increased investment in product development. Attivo Networks later demonstrated strong growth, with revenue increasing 300 percent in the year prior to its 2017 Series C round of $21 million led by Trident Capital Cybersecurity, also backed by Bain Capital Ventures and Omidyar Technology Ventures. By around 2017, the company reported $30 million in annual recurring revenue and served over 350 customers including Fortune 50 firms. |
| Dec 2014 | Seed | - | $3M | - | - |
Who has invested in Attivo Networks?
8 investors have backed Attivo Networks across its funding rounds, including Bain Capital Ventures, Forgepoint Capital, Singtel Innov8, Omidyar Technology Ventures, Bain Capital and Energy Impact Partners.
Lead investors include Energy Impact Partners, Forgepoint Capital, Omidyar Technology Ventures and Bain Capital Ventures.
Attivo Networks Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | May 2017 | ||
| 3 | Lead | Apr 2015 | ||
| 2 | Participant | Oct 2017 | ||
| 2 | Lead | May 2017 | ||
| 1 | Participant | May 2017 | ||
| 1 | Lead | Jun 2019 | ||
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAttivo Networks Competitors
Attivo Networks competitors include listed companies like GB Group and Sansec, and private ones like Malwarebytes, Shift5, Defense Unicorns and Bitdefender.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $100M | - | $625M | 6.3x | ||
| Private | - | - | $591M | - | ||
| Publicly listed | $383M | ($45M) | $489M | 1.6x | ||
| Private | - | - | $1B | - | ||
| Publicly listed | $83M | ($2M) | $602M | 5.4x | ||
| Private | - | - | $600M | - |
Attivo Networks Public Comps
Attivo Networks is no longer listed, but its public comps include Sansec, Baudroie, Beijing VRV Software, Aura.com, DBAPPSecurity, OneSpan, Feitian Technologies, eMudhra, Global Security Experts and Hunan Kylinsec Tech.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $83M | ($2M) | 6.1x | 5.4x | (310.1x) | (388.8x) | |||
| $112M | $24M | 5.2x | 4.3x | 24.7x | 21.0x | |||
| $46M | ($44M) | 13.1x | - | (13.6x) | - | |||
| $193M | ($155M) | 5.7x | - | (7.0x) | - | |||
| $321M | $15M | 1.8x | 1.8x | 38.5x | 21.1x | |||
| $243M | $57M | 2.6x | 2.5x | 11.0x | 8.9x | |||
| $104M | ($4K) | 6.2x | - | (168378.6x) | - | |||
| $73M | $18M | 7.3x | 6.6x | 30.1x | 27.4x | |||
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Common questions about Attivo Networks
| When was Attivo Networks founded? | Attivo Networks was founded in 2011. |
| Where is Attivo Networks headquartered? | Attivo Networks is headquartered in United States. |
| Is Attivo Networks publicly listed? | No, Attivo Networks was acquired by SentinelOne in March 2022. |
| Who acquired Attivo Networks? | Attivo Networks was acquired by SentinelOne in March 2022. |
| How much was Attivo Networks acquired for? | Attivo Networks was acquired for $617M in March 2022, a 3.2x revenue multiple. |
| What is Attivo Networks' valuation? | Attivo Networks was last valued at $230M in its Series C in October 2017. |
| How much funding has Attivo Networks raised? | Attivo Networks has raised $60M across 5 funding rounds. |
| What was Attivo Networks' last funding round? | Attivo Networks' last funding round was a $11M Series C in June 2019, led by Energy Impact Partners. |
| Who are Attivo Networks' investors? | Attivo Networks' investors include Forgepoint Capital, Bain Capital Ventures, Singtel Innov8, Omidyar Technology Ventures, Secure Octane, Energy Impact Partners, Bain Capital and Macnica Ventures. |
| Which companies are comparable to Attivo Networks? | Companies comparable to Attivo Networks include Malwarebytes, Shift5, GB Group, Defense Unicorns, Sansec and Bitdefender. |
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