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SASE Company Netskope Raises $401 Million

Secure access service edge (SASE) provider Netskope on Thursday announced that it has raised $401 million in an oversubscribed financing round. To date, the company has raised close to $1.5 billion.

Secure access service edge (SASE) provider Netskope on Thursday announced that it has raised $401 million in an oversubscribed financing round. To date, the company has raised close to $1.5 billion.

The new investment round was led by Morgan Stanley Tactical Value, with participation from CPP Investments, Goldman Sachs Asset Management, and Ontario Teachers’ Pension Plan.

Founded in 2012, the Santa Clara, California-based Netskope offers a converged SASE platform that provides optimized access and zero trust-based security for users, devices, and data.

Combining security service edge (SSE) and borderless SD-WAN technologies, the platform covers web security, data and threat protection, data loss prevention (DLP), Cloud Access Security Broker (CASB), and content filtering.

The company says it has more than 2,400 total customers worldwide, including more than 25 of the Fortune 100 companies, and operates data centers in more than 60 regions globally.

The company plans to invest the new funds in expanding its platform and market reach.

In 2021, Netskope announced a $300 million investment round at a $7.5 billion valuation.

Related: Cyber Insurance Analytics Firm CyberCube Raises $50 Million

Related: API Security Firm FireTail Raises $5 Million

Related: Snyk Raises $196.5 Million at $7.4 Billion Valuation

Related: Interpres Security Emerges From Stealth Mode With $8.5 Million in Funding

Written By

Ionut Arghire is an international correspondent for SecurityWeek.

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