Netskope Raises $401M in Funding

netskope

Netskope, a Santa Clara, CA-based Secure Access Service Edge (SASE) company, raised $401M in funding.

The round was led by Morgan Stanley Tactical Value, with participation from Goldman Sachs Asset Management, Ontario Teachers’ Pension Plan, and CPP Investments.

The company intends to use the funds to extend its technology and platform advantages and market reach through continued innovative worldwide platform development and expansion of strategic go-to-market activities.

Led by Sanjay Beri, CEO, Netskope is a SASE provider that offers cloud, data, and network security to help organizations apply zero trust principles to protect data. Its platform provides optimized access and real-time security for people, devices, and data anywhere they go, enabling customers to reduce risk, accelerate performance, and get visibility into any cloud, web, and private application activity.

The company increased the 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.

FinSMEs

06/01/2023