06 February 2020:
Netskope has raised $340 million funding led by Sequoia Capital Global Equities. Canada Pension Plan Investment Board and PSP Investments participated and existing investors Lightspeed Venture Partners, Accel, Base Partners, ICONIQ Capital, Sapphire Ventures, Geodesic Capital and Social Capital also participated in the funding round.
Following this investment, the company has achieved a valuation of nearly $3 billion.
Sanjay Beri, CEO of Netskope, said, “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. 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.”
Patrick Fu, managing partner at Sequoia Capital Global Equities, said, “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. Netskope is raising the bar for game changers who are successfully pushing beyond the limitations of existing technology to reshape a market. Sanjay and the entire Netskope team are on an incredible trajectory, and we are thrilled to partner with this talented team for the long term.”
The Netskope Security Cloud provides unrivaled visibility and real-time data and threat protection when accessing cloud services, websites, and private apps.
(Source – Netskope)