SentinelOne’s Acquisition of PingSafe, Backed by Peak XV, Surpasses $100 Million

Pingsafe Acquisition
SentinelOne’s deal to acquire PingSafe valued the Peak XV-backed young startup at over $100 million, two sources familiar with the matter told TechCrunch, in one of the strongest and fastest deals emerging from India. The New York Stock Exchange-listed AI security firm disclosed the cash and equity deal last week, but didn’t reveal the financial terms. Founded in 2021, PingSafe is a relatively new and small security company with <100 employees and ~50+ customers, mostly in India. The British bank also estimated the size of the deal to be about $100 million. PingSafe is “among the fastest ‘seed to significant exits’ Indian ecosystem has ever seen,” Rajan Anandan, who leads Surge at Peak XV, tweeted last week.