![]() ![]() ![]() We deeply value our investment partnership with the company and are excited to expand it as we continue on this journey," stated Will Griffith, ICONIQ Growth founding partner. Netskope is pointing the way to where cloud, networking, security, and data protection are headed long-term. "Digital transformation doesn't happen without network transformation and security transformation, and we believe that's where Netskope delivers like no other provider. Netskope's Security Cloud provides a comprehensive, cloud-native SASE platform that enables secure enterprise digital transformation and secure remote connectivity through integrated zero-trust network access, secure web gateway and cloud access security broker capabilities. Netskope, focused on Secure Access Service Edge architecture, announced Friday a 300 million investment round on a post-money valuation of 7.5 billion. The company intends to aggressively expand its platform and go-to-market during its hypergrowth to meet the high demand for its market-leading Secure Access Service Edge (SASE) architecture. The successful investment round illustrates the company's notable 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. ![]() 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,” added Beri. "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," commented Sanjay Beri, Netskope’s CEO and co-founder. The SASE company now has a post-money valuation of $7.5 billion. Major existing Netskope investors such as Lightspeed Venture Partners, Accel, Sequoia Capital Global Equities, Base Partners, Sapphire Ventures and Geodesic Capital also participated in this funding. That’s more than a 4 billion jump from its previous funding round. Following the raise, the company’s valuation skyrocketed to a whopping 7.5 billion. We deeply value our investment partnership with the company and are excited to expand it as we continue on this journey.Netskope announced on Friday that the company closed a new $300 million investment round led by existing investor ICONIQ Growth. Santa Clara-based cybersecurity startup Netskope announced last week that it raised 300 million in an investment round led by ICONIQ Growth. Also participating in that 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. ![]() Netskope is pointing the way to where cloud, networking, security, and data protection are headed long-term. The company reached a valuation of USD 7.5 billion in 2021 following a USD 300 million investment from ICONIQ Growth. Investor, ICONIQ Growth, adds: " Digital transformation doesn’t happen without network transformation and security transformation. 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. The company says with c ybercrime increasing at an alarming rate and enterprises transforming their legacy IT infrastructure and moving applications and data to the cloud, security needs to transform as well.ĬEO and co-founder of Netskope, Sanjay Beri, says: " 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. The latest round of investment will allow Netskope to continue its growth within the CAGR market and cloud security market and to expand both its platform and SASE architecture. Following this significantly oversubscribed investment round, Netskope has achieved a post-money valuation of $7.5 billion. 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. SASE company Netskope has announced it has closed a new $300 million investment round led by existing investor ICONIQ Growth. ![]()
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