Sycamore Wire | Issue #5
Official PR, noteworthy news, interviews, and analyst insights from Sycamore's portfolio companies for December 1-15, 2024
Sycamore Wire is a bi-monthly newsletter featuring official press releases, noteworthy news, interviews and analyst insights from Sycamore’s portfolio companies.
With a concentrated portfolio, it's critical to know what you own. This newsletter helps me—and Sycamore's 800+ subscribers—stay informed on the latest developments.
SentinelOne
Q3 FY2025 Letter to Shareholders - SentinelOne PR
SentinelOne's Q3 results showcased exceptional growth, with ARR increasing 29% to $860 million and revenue up 28% year-over-year to $211 million. Driving this success are innovations like AI SIEM and Purple AI, alongside strategic partnerships and expanding customer adoption across enterprises of all sizes.
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SentinelOne Named Best Overall Cloud and Application Security Offering in CRN 2024 Product of the Year Awards - SentinelOne PR
SentinelOne's Singularity Cloud Security and Singularity MDR solutions earned four prestigious CRN 2024 Product of the Year awards, including Best Overall Cloud and Application Security Offering. These accolades highlight SentinelOne's commitment to AI-powered innovation and delivering real-time, autonomous security solutions for cloud, endpoint, and identity protection.
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SentinelOne Continues to Set the Standard in MITRE ATT&CK® Evaluations | 100% Detection, Zero Delays and 88% Less Noise - SentinelOne Blog
SentinelOne achieved a flawless 100% detection rate in the 2024 MITRE ATT&CK® Evaluations, demonstrating unmatched precision across Windows, Linux, and MacOS with zero delays. By leveraging advanced AI, the Singularity Platform reduces noise by 88%, empowering security teams to act decisively and protect organizations against evolving cyber threats.
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First Things First | SentinelOne Is A Fortune Best Workplace for Parents - SentinelOne Blog
SentinelOne has been recognized as one of Fortune's Best Workplaces for Parents, celebrating its family-first culture and industry-leading benefits like 16 weeks of fully paid gender-neutral parental leave. By fostering flexibility, understanding, and career growth, SentinelOne empowers working parents to balance their professional and personal lives seamlessly.
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SentinelOne Recognized as a 2024 Gartner® Peer Insights™ Customers’ Choice for Managed Detection and Response - Business Wire
SentinelOne has been recognized as a Gartner® Peer Insights™ Customers’ Choice for Managed Detection and Response (MDR) Services, with 95% of users recommending its AI-powered solutions. Built on the Singularity™ Platform, SentinelOne’s MDR delivers 24/7 tailored coverage, combining advanced technology with expert oversight for robust, proactive cybersecurity defense.
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Uber Technologies
Uber and Lyft Stocks Plunge As Google's Waymo Brings Driverless Taxis to Miami - Investopedia
Waymo, a subsidiary of Alphabet, announced plans to expand its self-driving ride-hailing service to Miami, targeting customer availability in 2026. The news, coupled with rising competition from Tesla's driverless technology, sent Uber and Lyft shares down 10% as investors weighed the risks to traditional ride-sharing models.
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Uber and Lyft’s Robotaxi Demise Might Be Greatly Exaggerated - Barron’s
Uber and Lyft shares dropped nearly 10% following Waymo's announcement of its self-driving taxi service expansion into Miami by 2025, fueling fears of increased competition. However, analysts suggest the impact may be overstated, highlighting opportunities for ride-hailing companies to adopt robotaxis and benefit from market shifts, particularly as traditional taxis face the brunt of disruption.
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Uber and WeRide Launch Autonomous Mobility Service in Abu Dhabi - Uber News
Uber and WeRide have teamed up to launch Abu Dhabi's first autonomous ride-hailing service, marking the largest commercial robotaxi operation outside the U.S. and China. Supported by the Abu Dhabi Integrated Transport Centre, this service brings WeRide’s AVs to Uber's platform, with plans for a fully driverless experience by 2025.
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Uber takes the wheel to transform the advertising industry - Accenture
Uber's ad business has skyrocketed to a $1 billion annual revenue run rate just two years after launch, thanks to its hyper-personalized platform connecting advertisers with 156 million monthly users. Partnering with Accenture, Uber streamlined its ad sales processes, boosting efficiency by 70% and setting the stage for a future powered by generative AI and self-serve advertising tools.
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What UBER Needs in Autonomous “Wild West” - Schwab Network
Waymo is moving into Miami, but Mark Mahaney doesn't expect it to be a death knell for Uber Technologies (UBER). He argues the rideshare has time to accelerate in the autonomous driving space and position itself well against Waymo. Mark adds that it will take time before Waymo becomes affordable enough to be used by a mass customer base.
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NVIDIA
xAI targets one million GPUs for Colossus supercomputer in Memphis - DCD
Elon Musk's xAI is scaling its Colossus supercomputer in Memphis to an ambitious 1 million GPUs, solidifying the city as a global AI hub alongside partners like Nvidia, Dell, and Supermicro. While this expansion promises innovation and economic growth, concerns remain over its environmental and energy impact on the local community.
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Nvidia Probed in China Over Possible Antimonopoly Violations - Wall Street Journal
China has launched an antitrust probe into Nvidia, escalating tensions in the U.S.-China semiconductor standoff following Washington's tightened chip export controls. While the move underscores Beijing's readiness to retaliate against U.S. sanctions, it also highlights the delicate balance as both nations navigate economic and technological decoupling.
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American Express
How Is American Express' Stock Performance Compared to Other Financial Services Stocks? - NASDAQ
American Express (AXP), a mega-cap financial titan valued at $214 billion, continues to thrive with robust revenue growth, affluent customer retention, and expanding digital payment solutions. Outperforming peers like Mastercard, AXP’s stock has surged 81.5% over the past year, driven by its premium brand, resilient financials, and a strong economic moat.
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How I Saved Nearly $20,000 on Travel This Year With the Amex Business Platinum Card - Upgraded Points
The Amex Business Platinum Card® saves one couple nearly $20,000 annually on travel through perks like points transfers, a 35% points rebate, and airline credits. With its extensive travel benefits and premium features, this card turns frequent trips into a more affordable and luxurious experience.
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