Netskope, the leading security cloud company, announced that the company has closed a new $340 million investment led by new investor Sequoia Capital Global Equities. New investors Canada Pension Plan Investment Board and PSP Investments participated, as well as all existing investors, including Lightspeed Venture Partners, Accel, Base Partners, ICONIQ Capital, Sapphire Ventures, Geodesic Capital and Social Capital. Following this investment, the company has achieved a valuation of nearly $3 billion.
This additional investment by the world’s leading enterprise investors is yet another strong statement to the industry of the global demand for the award-winning Netskope Security Cloud Platform, the new standard for network and data security. With 80% year-over-year growth in enterprise customers, Netskope is the fastest growing company at scale in the fastest growing areas of cyber security – secure access service edge (SASE) and cloud security. Netskope’s explosive growth reflects enterprises’ rapid adoption of its cloud-driven security architecture to reach their digital transformation goals and upgrade their legacy and on-premises security solutions.
The Netskope Security Cloud provides unrivalled visibility and real-time data and threat protection when accessing cloud services, Web sites and private apps from anywhere, on any device. No other company has addressed shifting market demands by combining next-generation secure Web gateway (SWG) capabilities, zero trust secure access, advanced machine learning to detect unauthorised data exfiltration, and advanced threat protection to prevent cloud-based attacks that often evade legacy defences. Netskope delivers all of this in one true cloud-based platform on the world’s largest, most performant, and most secure cloud network: NewEdge. In addition, only Netskope understands the cloud and takes a data-centric approach that empowers security teams with the right balance of protection and speed they need to secure their digital transformation journey.
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