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J Netskope, the SASE leader, today announced that the company has closed a new 300 million investment round led by existing investor ICONIQ Growth. We deeply value our investment partnership with the company and are excited to expand it as we continue on this journey. Highlights unprecedented global demand for digital transformation and Netskope’s market-leading SASE, Zero Trust, and cloud security solutions SANTA CLARA, Calif. Major existing Netskope investors such as Lightspeed Venture. Netskope is pointing the way to where cloud, networking, security, and data protection are headed long-term. Netskope announced on Friday that the company closed a new 300 million investment round led by existing investor ICONIQ Growth. “The demand for Netskope as part of a properly designed SASE architecture is very strong, and Sanjay and the entire Netskope team are seizing their moment. The firm said at the time: 'It humbles and thrills our entire team and myself to think that Netskope, the fastest-growing security company, has now achieved a valuation of nearly $3 billion.Ĭommenting on the latest round, Will Griffith, founding partner of ICONIQ Growth, added: “Digital transformation doesn’t happen without network transformation and security transformation, and we believe that’s where Netskope delivers like no other provider.

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That round also saw participation from new investors CPP Investment Board and PSP Investments participated, and existing investors Lightspeed Venture Partners, Accel, Base Partners, Geodesic Capital, Iconiq Capital, Sapphire Ventures, and Social Capital. Netskope raised $340 million in February 2020, in a funding round led by Sequoia Capital Global Equities.

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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.” Netskope Funding, Netskope Valuation & Netskope Revenue Series H 300M Accel, Base Partners, Geodesic Capital, ICONIQ Growth, Lightspeed Venture. “We were SASE before the term SASE existed and today, we are seeing our vision manifest across the globe as enterprises increasingly turn to Netskope to enable secure digital transformation.

“We started Netskope because we saw a cloud-centric, digital-first future of business that simply can’t be achieved using legacy approaches to security and networking,” said Sanjay Beri, CEO and co-founder of Netskope. It also hired two new executives, a vice-president of corporate development, Dave Daetz, and general counsel, Jim Bushnell.The investment more than doubled Netskope's value, which reached $7.5 billion following the funding round.Īlso participating in the latest round were existing Netskope investors, including Lightspeed Venture Partners, Accel, Sequoia Capital Global Equities, Base Partners, Sapphire Ventures, and Geodesic Capital. In the past year, Netskope states that it grew employee headcount by 50% and opened a new headquarters in Santa Clara, California to accommodate its growing staff. As a result, it wants to step in and grab a share of the cloud security market.

It reckons this has “significantly increased the attack surface of all enterprises, leaving security teams without the means to protect these new threat vectors”. To achieve this, it says businesses have turned to thousands of services like Amazon Web Services (AWS), Box, Dropbox, Google G-Suite, Microsoft Office 365, Slack, and Workplace by Facebook – all of which are built using the new language of the internet and shift much of the administrative control away from IT. Relevant names include ICAP and Silicon Valley Bank.Īs most of us know, Netskope reminds us that the majority of companies “have adopted a digital-first mindset to accelerate their businesses”.

Some are non-fintech, such as Levi’s or the US National Hockey League (NHL). The firm has a diverse range of customers. “We have spent the last six years bringing the leading security cloud to enterprises to address this growing challenge as more and more companies embrace digital transformation.” “Simply put, without security transformation, digital transformation will fail,” says Sanjay Beri, founder and CEO, Netskope. The round brings its total amount raised to a whopping $400.1 million.

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Netskope is full of hope as it says the investment will enable R&D and global data centre expansion of its platform. Netskope announced that the company has closed a new 300 million investment round led by existing investor ICONIQ Growth. (Reuters) - Netskope was valued at 7.5 billion in a funding round led by existing investor ICONIQ Growth, the cloud security firm said on Friday.

Following this round, Netskope has achieved a post-money valuation of 7.5bn. The round also saw participation from existing investors Lightspeed Venture Partners, Accel, Sequoia Capital Global Equities, Base Partners, Sapphire Ventures, and Geodesic Capital. The round brings its total amount raised to $400.1mĮxisting investors Accel, Geodesic Capital, Iconiq Capital, Sapphire Ventures and Social Capital participated, in addition to new investor, Base Partners. Secure Access Service Edge (SASE) company Netskope raised 300m in funding led by existing investor ICONIQ Growth.