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Netskope Attracts $300 Million In Additional Investment, Elevating Valuation To $7.5 Billion

Jul 09, 2021•about 4 years ago

Amount Raised

$300 Million

Santa Clara

Description

Netskope, the SASE leader, today announced that the company has closed a new $300 million investment round led by existing investor ICONIQ Growth. Also participating in this latest funding round were all other major existing Netskope investors, including Lightspeed Venture Partners, Accel, Sequoia Capital Global Equities, Base Partners, Sapphire Ventures, and Geodesic Capital. Following this significantly oversubscribed investment round, Netskope has achieved a post-money valuation of $7.5 billion.

Company Information

Company

Netskope

Location

Santa Clara, California, United States

About

Netskope, the SASE leader, safely and quickly connects users directly to the internet, any application, and their infrastructure from any device, on or off the network. With CASB, SWG, and ZTNA built natively in a single platform, the Netskope Security Cloud provides the most granular context, via patented technology, to enable conditional access and user awareness while enforcing zero trust principles across data protection and threat prevention everywhere. Unlike others who force tradeoffs between security and networking, Netskope's global security private cloud provides full compute capabilities at the edge. Netskope is fast everywhere, data centric, and cloud smart, all while enabling good digital citizenship and providing a lower total-cost-of-ownership.

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