Venture Capital: Cyber Security Firm Netskope Raises $401M From Top Notch Investors

January 9, 2023 | Latest News, News, Venture Capital

Netskope is a leader in Secure Access Service Edge (SASE), a cloud-based IT model that bundles software-defined networking with network security functions and delivers them from a single service provider.

Security firm Netskope announced an oversubscribed round of $401 million that saw participation from Morgan Stanley Tactical Value, Goldman Sachs Asset Management, Ontario Teachers’ Pension Plan, and Canada Pension Plan Investment Board (CPP Investments). (CISION PR NEWSWIRE)

Netskope will use the funds, received via a convertible note investment, to extend its technology and platform advantages and market reach through continued innovative worldwide platform development and expansion of strategic go-to-market activities.

Enterprises of all sizes are “rapidly adopting SASE as a foundational part of their zero trust strategy, to safeguard data, support digital transformation efforts, and realize better efficiency by addressing security and networking challenges through a unified architecture.”

12-month achievements:

  1. Increased Customer Base – to more than 2,400 total customers worldwide, including over 25 of the Fortune 100, and across all verticals including financial services, healthcare, retail, telecommunications, manufacturing, government, high tech, and beyond
  2. More than 100 global patents awarded to Netskope inventors
  3. Expansion of NewEdge security private cloud, which is now powered by full-compute data centers in more than 60 regions worldwide
  4. Increased corporate footprint to more than 2,500 team members, active in over 40 countries, with open roles across teams and regions.

Sanjay Beri, Netskope CEO and co-founder, said:  “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 are private applications on-prem and beyond.”

Related Story:  Security And Compliance Platform Drata Raises $200M Series C

Image Credit: Wikimedia Commons

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