(Reuters) -SentinelOne raised annual revenue forecast on Thursday, a sign of growing demand for the company’s cybersecurity tools, sending its shares surging around 9% in extended trading.

The company’s artificial intelligence-powered Singularity platform ingests and analyzes security data in real time, automates threat detection and responses, and aims to reduce manual work for security teams.

A wave of cyberattacks has hit global companies, including Microsoft, UnitedHealth Group, Walt Disney and Oracle, prompting the need for robust security solutions.

SentinelOne expects third-quarter revenue of $256 million, above analysts’ average estimate of $254.4 million, according to data compiled by LSEG.

The company raised its annual revenue forecast to between $998 million and $1.002 billi

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