Netskope, a Santa Clara, CA-based security cloud startup that provides unrivaled visibility and real-time data and threat protection when accessing cloud services, websites, and private apps from anywhere on any device, announced a $401 million oversubscribed funding.
The round was led by investment funds managed by Morgan Stanley Tactical Value, with participation from Goldman Sachs Asset Management, Ontario Teachers' Pension Plan, and CPP Investments.
The company plans to extend its technology and platform advantages and market reach through continued innovative worldwide platform development and expansion of strategic go-to-market activities, underscoring its leadership and momentum in what leading analysts estimate to be the $36 billion market opportunity for SASE by 2025.
"Our vision from day one was that traditional network and security perimeters would transform, with users, data, and devices moving outside the confines of corporate network perimeters and requiring a new approach to security," said Sanjay Beri, Netskope CEO, and co-founder. "With a cloud-first, data-first, and customer-centric philosophy, we built a market-leading SASE platform and one of the world's fastest and most-connected security cloud networks. We have enabled enterprises everywhere to allow their users to be mobile, efficient, and flexible while securing them and the data and applications they access, whether they are in the cloud, on the web, or private applications on-prem and beyond. We are very proud of the team members, customers, industry luminaries, and existing and new partners announced today who are helping to enable Netskope's journey and secure the journey of all enterprises worldwide."
In the last 12 months, Netskope has added more than 2,400 new customers, including more than 25 of the Fortune 100, across industries such as financial services, healthcare, retail, telecommunications, manufacturing, government, and high tech.
Company: Netskope Inc.
Funding Month: January 2023
Lead Investors: Morgan Stanley Tactical Value
Additional Investors: Goldman Sachs Asset Management, Ontario Teachers' Pension Plan, and CPP Investments
Company Website: https://www.netskope.com/
Software Category: Cloud Security
About the Company: Founded in 2012, Netskope, a global SASE leader, is redefining cloud, data, and network security to help organizations apply zero-trust principles to protect data. The Netskope platform provides optimized access and real-time security for people, devices, and data anywhere they go. Netskope helps customers reduce risk, accelerate performance, and get unrivaled visibility into any cloud, web, and private application activity. Thousands of customers, including more than 25 of the Fortune 100, trust Netskope and its powerful NewEdge network to address evolving threats, new risks, technology shifts, organizational and network changes, and new regulatory requirements. Netskope is on the heels of its recognition as Cloud Security Services Vendor of the Year, its sixth straight ranking on the Forbes Cloud 100 list of top cloud companies, and its recognition as a leader in the 2022 Gartner® Magic Quadrant™ for Security Service Edge (SSE).