![]() ![]() It’s an exciting time to be a Cloud access security broker,” he added. “From expanding our datacentre footprint to growing our sales, marketing and relationship with the channel, we see customers around the globe moving beyond shining a light on shadow IT to the safe enablement of sanctioned and unsanctioned cloud apps in every corner of their business. He said it will continue investing in building out Netskope’s global Cloud through new datacentres across Asia-Pacific and Europe to meet growing demand. Netskope Asia-Pacific regional sales director, Yu Jing Cheng, said the investment will also help fuel the company’s growth in the Asia-Pacific region. Investors Security Type Social Capital: Series A: Social Capital: Series B: Lightspeed Venture Partners: Series B: Dell Inc. “We’re delighted that Iconiq has joined our team, and this investment will fuel our continuing efforts to help our customers safely migrate to and leverage the Cloud,” Beri said. Netskope raises 300M to expand both its platform and go-to market. In December 2022, Netskope unveiled that Cloud Exchange, a security and. inline security services of the Netskope Security Cloud. Also participating in that funding round were all other major existing. Network speed and culture are two key advantages for Netskope. The private firms background in data protection gives it a differentiated approach to platform security. We are fortunate to be in that situation, and our destination is to be the most impactful cybersecurity company in the world.īeri said the company just completed a “three-year journey building the largest cloud network that is 15 milliseconds from anyone in the world,” and intends to invest the new funds into continued R&D, expanding its platform and Netskope’s go-to-market strategy to meet demand for a market it estimated would be valued at $30 billion by 2024, he said.Įven pre-pandemic the company had strong hypergrowth over the past year, surpassing the market average annual growth of 50%, he added.“The explosive growth we’re experiencing is evidence that organisations need a solution that enables them to mitigate risk, prevent data loss, and govern usage in Cloud apps beyond simply ‘allowing’ or ‘blocking’ the apps. The company reached a valuation of USD 7.5 billion in 2021 following a USD 300 million investment from ICONIQ Growth. Netskope Attracts 300 Million in Additional Investment, Elevating Valuation to 7.5 Billion PRESS RELEASE PR Newswire Jul. Netskope is an emerging key player in the cloud security, SASE, Zero Trust, and SWG spaces. Sanjay Beri, co-founder and CEO of Netskope, stated that a cloud-centric. Netskope said on Friday its valuation more than doubled to 7.5 billion after a 300 million funding round led by ICONIQ Growth, highlighting massive demand for cloud security services as cyber. “However, having a continued strong balance sheet isn’t a bad thing. Netskope raises 300M in a venture round from ICONIQ Growth, which witnessed. “The reality is we could have raised $1 billion, but we don’t need more capital,” he added. Similar to other rounds, the company was not actively seeking new capital, but that it was “an inside round with people who know everything about us,” Beri said. They are one of the leading security company on Secure Access Service Edge architecture. July 9 (Reuters) - Netskope said on Friday its valuation more than doubled to 7. Existing investors Social Capital and Iconiq Capital also participated in the round. Netskope, a Santa Clara based cloud security has attained a mammoth valuation of 7.5 billion after latest raise of 300 million. Netskope is now valued at 7.5B after a 300M financing backed by only existing investors including Base Partners, ICONIQ Capital, Lightspeed Venture. Netskope, the leader in cloud security, today announced the close of a 100 million Series E funding round led by existing investors Lightspeed Venture Partners and Accel. Prior to that, it was a $168.7 million round at the end of 2018. Oversubscribed round fuels advancement of company’s enterprise cloud security platform. /PRNewswire/ - Netskope, the leading cloud access security broker, today announced it has closed a 75 million Series D funding round led by Iconiq Capital. ![]() With this new round, Netskope continues to rack up large rounds: it raised $340 million last February, which gave it a valuation of nearly $3 billion. ![]()
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