CLOUD NETSKOPE ICONIQ GROWTH UPGRADE
CLOUD NETSKOPE ICONIQ GROWTH PSP

“Netskope has become the unrivaled leader driving innovation across cloud, data and network security, which makes up the largest part of today's security market,” said Patrick Fu, managing partner at Sequoia Capital Global Equities. This latest investment from the top enterprise and security investors in the world is proof of not only our enormous success in establishing Netskope as the new gold standard for cloud-delivered security, but also that the astounding level of global demand we’re seeing today is just the tip of the iceberg.” “Since inception, we have always focused on architecting a true cloud platform that, over time, will secure and govern all of an enterprise’s traffic as the perimeter evolves into a new high-performance worldwide cloud edge.

“When we started Netskope in 2012, it was clear that the cloud was changing everything, but few saw how it would disrupt security,” said Sanjay Beri, CEO of Netskope. In addition, only Netskope understands the cloud and takes a data-centric approach that empowers security teams with the right balance of protection and speed they need to secure their digital transformation journey. Netskope delivers all of this in one true cloud-based platform on the world’s largest, most performant, and most secure cloud network: NewEdge. No other company has addressed shifting market demands by combining next-generation secure web gateway (SWG) capabilities, zero trust secure access, advanced machine learning to detect unauthorized data exfiltration, and advanced threat protection to prevent cloud-based attacks that often evade legacy defenses. The Netskope Security Cloud provides unrivaled visibility and real-time data and threat protection when accessing cloud services, websites, and private apps from anywhere, on any device.

CLOUD NETSKOPE ICONIQ GROWTH UPGRADE

Netskope’s explosive growth reflects enterprises’ rapid adoption of its cloud-driven security architecture to reach their digital transformation goals and upgrade their legacy and on-premises security solutions. With 80 percent year-over-year growth in enterprise customers, Netskope is the fastest-growing company at scale in the fastest-growing areas of cybersecurity – secure access server edge (SASE) and cloud security. This additional investment by the world’s leading enterprise investors is yet another strong statement to the industry of the global demand for the award-winning Netskope Security Cloud Platform, the new standard for network and data security. Following this investment, the company has achieved a valuation of nearly $3 billion.

CLOUD NETSKOPE ICONIQ GROWTH PSP

New investors Canada Pension Plan Investment Board and PSP Investments participated, as well as all existing investors including Lightspeed Venture Partners, Accel, Base Partners, ICONIQ Capital, Sapphire Ventures, Geodesic Capital and Social Capital. The company is now hiring for dozens of open roles across its engineering and customer support departments.įounded in 2012, Netskope has raised $1 billion in venture capital financing to date, according to Crunchbase.Īdditional investors Lightspeed Venture Partners, Accel and Sequoia participated in the round, among others.SANTA CLARA, Calif.-( BUSINESS WIRE)-Netskope, the leading security cloud, today announced that the company has closed a new $340 million investment led by new investor Sequoia Capital Global Equities. Netskope also plans to invest in its team, which already tops 1,000. The company will invest the additional capital in expanding its go-to-market strategy as it continues to scale. “We were SASE before the term SASE existed and today we are seeing our vision manifest across the globe as enterprises increasingly turn to Netskope to enable secure digital transformation.” “We started Netskope because we saw a cloud-centric, digital-first future of business that simply can’t be achieved using legacy approaches to security and networking,” Sanjay Beri, the company’s co-founder and CEO, said in a statement. The end result? Users are provided with conditional entry and threats from outside of an organization are kept at bay.

Unlike other cybersecurity platforms, Netskope provides secure web gateway (SWB), zero trust network access (ZTNA) and cloud access security broker (CASB) capabilities on one platform. With Netskope, users can establish connections on or off of the platform’s network.īay Area Tech News Coda Raised $100M, Blend Files for IPO, and More Netskope’s secure access service edge (SASE) platform connects users directly to the internet, an application, or their company infrastructure from the device of their choice. In February, Netskope raised $340 million at a valuation of $3 billion. That’s more than a $4 billion jump from its previous funding round. Santa Clara-based cybersecurity startup Netskope announced last week that it raised $300 million in an investment round led by ICONIQ Growth.įollowing the raise, the company’s valuation skyrocketed to a whopping $7.5 billion.

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