Connect with us

Hi, what are you looking for?

SecurityWeekSecurityWeek

Cybersecurity Funding

Netskope Raises $300 Million at $7.5 Billion Valuation

Secure Access Service Edge (SASE) provider Netskope on Friday announced closing a new $300 million investment round at a post-money valuation of $7.5 billion. To date, the company has raised more than $1 billion in funding.

Secure Access Service Edge (SASE) provider Netskope on Friday announced closing a new $300 million investment round at a post-money valuation of $7.5 billion. To date, the company has raised more than $1 billion in funding.

The new round was led by ICONIQ Growth, with participation from other existing investors, including Accel, Base Partners, Geodesic Capital, Lightspeed Venture Partners, Sapphire Ventures, and Sequoia Capital Global Equities.

The company says it plans to continue expanding its platform and go-to market efforts.

Netskope claims to currently serve more than 1,500 customers worldwide, including over 30 of the Fortune 100 companies, as well as some of the world’s largest commercial banks, healthcare providers, telecommunications companies, and retailers.

Netskope provides customers with a cloud platform designed to help them protect data and defend against threats across cloud services, websites and private applications. The company’s secure web gateway includes web security, data and threat protection, content filtering, Cloud Access Security Broker (CASB), and data loss prevention (DLP) capabilities.

Over the past 18 months, the company has expanded its board and leadership teams, expanded coverage of its products across the world, expanded its patent portfolio, and launched a vendor-agnostic course that addresses design requirements for SASE, namely The SASE Accreditation.

In February 2020, Netskope announced a $340 million Series G funding round at a $3 billion valuation.

“We are fortunate to have attracted a truly exceptional team and set of partners, customers and industry luminaries who support and bring tremendous value to us, and we are pleased to take another step forward with all of them in our journey,” Sanjay Beri, CEO and co-founder of Netskope, said.

Advertisement. Scroll to continue reading.

Related: SASE Provider Versa Networks Raises $84 Million

Related: Sevco Security Banks $15 Million Series A Funding

Related: Noname Security Raises $60 Million in Series B Funding

Written By

Ionut Arghire is an international correspondent for SecurityWeek.

Click to comment

Trending

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest threats, trends, and technology, along with insightful columns from industry experts.

Discover strategies for vendor selection, integration to minimize redundancies, and maximizing ROI from your cybersecurity investments. Gain actionable insights to ensure your stack is ready for tomorrow’s challenges.

Register

Dive into critical topics such as incident response, threat intelligence, and attack surface management. Learn how to align cyber resilience plans with business objectives to reduce potential impacts and secure your organization in an ever-evolving threat landscape.

Register

People on the Move

Gigamon has promoted Tony Jarjoura to CFO and Ram Bhide has been hired as Senior VP of engineering.

Cloud security firm Mitiga has appointed Charlie Thomas as Chief Executive Officer.

Cynet announced the appointment of Jason Magee as Chief Executive Officer.

More People On The Move

Expert Insights

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest cybersecurity news, threats, and expert insights. Unsubscribe at any time.