Netskope Raises $340M in Funding


Netskope, a Santa Clara, Calif.-based security cloud company, received a $340m investment.

The round was led by new investor Sequoia Capital Global Equities, with participation from new investors Canada Pension Plan Investment Board and PSP Investments, as well as all existing investors Lightspeed Venture Partners, Accel, Base Partners, ICONIQ Capital, Sapphire Ventures, Geodesic Capital and Social Capital.

Following the deal, the company has achieved a valuation of nearly $3 billion.

Led by Sanjay Beri, CEO, Drew Del Matto, CFO, David Wu, Chief Development Officer, and Joe DePalo, SVP Platform Engineering, Netskope provides a platform for secure access service edge (SASE) and cloud security, which gives visibility and real-time data and threat protection when accessing cloud services, websites, and private apps from anywhere, on any device. It understands the cloud and delivers data-centric security from NewEdge, one of the world’s largest and fastest security networks, empowering the largest organizations in the world with the right balance of protection and speed they need to enable business velocity and secure their digital transformation journey.



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