Specializing in cloud security solutions, Netskope completed its eighth fundraising (H series) in the amount of $300 million. The company is now valued at around 7.5 billion dollars.
And 8. Every year – or almost – the publisher Netskope player in access security at the edge of the network (SASE) including the markets for secure web gateways (SWG), cloud access security broker (CASB) or zero trust raises funds. The latest reaches $300 million and was led by Iconiq Growth and involved existing shareholders Lightspeed Venture Partners, Accel, Sequoia Capital Global Equities, Base Partners, Sapphire Ventures and Geodesic Capital. “Netskope will continue to aggressively expand both its platform and its place in its niche hypergrowth market,” the company said. To do this, R&D investments, recruitment and international expansion are undoubtedly to be expected. The company already has an office in France but also in Italy, Germany and Spain.
The total amount of funds raised since the company was founded in 2012 now exceeds one billion dollars, and the valuation of Netskope is estimated following this operation at nearly 7.5 billion dollars. According to Gartner, by 2024, 30% of companies should adopt a cloud security model based on solutions such as CASB and SWG compared to 5% in 2020. In these two markets, Netskope is ranked by the research firm respectively in the categories of leader and visionary.
The group claims more than 1,500 customers worldwide, including more than 30% of Fortune 100 companies. Among its customers are the city of San Diego, Dentsu Digital and Petronect