Expanded Board and leadership team with cybersecurity and networking industry luminaries from Palo Alto Networks, Fortinet, FireEye, Riverbed, and more.This latest funding round joins a number of corporate momentum and product release highlights for Netskope in the past 18 months, including: We deeply value our investment partnership with the company and are excited to expand it as we continue on this journey." Netskope is pointing the way to where cloud, networking, security, and data protection are headed long-term. "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. "Digital transformation doesn't happen without network transformation and security transformation, and we believe that's where Netskope delivers like no other provider," said Will Griffith, founding partner of ICONIQ Growth. 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." "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. 2 of the world's 3 largest telecommunications companies.5 of the world's 7 largest healthcare providers.2 of the world's 4 largest commercial banks.Today, among more than 1,500 worldwide customers, Netskope serves: Netskope's cloud-native SASE architecture also includes NewEdge, the world's fastest-growing and most-connected private cloud, which enables fast and secure access from any location to data, applications, and websites wherever they reside.Īs Gartner notes in its 2021 Strategic Roadmap for SASE Convergence, "by 2024, 30% of enterprises will adopt cloud-delivered SWG, CASB, ZTNA, and branch office firewall-as-a-service capabilities from the same vendor, up from less than 5% in 2020." Netskope's approach to SASE and Zero Trust cloud architecture has seen rapid adoption by enterprises and governments all over the world, and has been repeatedly recognized as a leader by top analysts and customers, as evidenced in multiple, consecutive Gartner Magic Quadrant leadership citations and Gartner Peer Insight Customer Choice Awards for CASB and SWG. Netskope's Security Cloud delivers a comprehensive, cloud-native SASE platform of technologies that enable secure enterprise digital transformation and secure remote connectivity using integrated Zero Trust Network Access (ZTNA), Secure Web Gateway (SWG), and Cloud Access Security Broker (CASB) capabilities. As enterprises transform their legacy IT infrastructure and move applications and data to the cloud, security needs to transform as well. Netskope will continue to aggressively expand both its platform and go-to market amidst its hypergrowth to meet the strong demand for its market-leading Secure Access Service Edge (SASE) architecture.Ĭybercrime is increasing at an alarming rate. Following this significantly oversubscribed investment round, Netskope has achieved a post-money valuation of $7.5 billion.Ĭontinued investment in Netskope from premier investors further validates the company's exceptional team, vision, track record of strong global execution, and opportunity to continue its rapid gaining of share in the fast-growing CAGR market which analysts estimate to be a $30 billion total addressable market by 2024, with cloud security CAGR growth estimated to exceed 30% over the next several years. 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. SANTA CLARA, Calif., J/PRNewswire/ - Netskope, the SASE leader, today announced that the company has closed a new $300 million investment round led by existing investor ICONIQ Growth.
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