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. Netskope is pointing the way to where cloud, networking, security, and data protection are headed long-term. SASE company Netskope has announced it has closed a new 300 million investment round led by existing investor ICONIQ Growth. “The demand for Netskope as part of a properly designed SASE architecture is very strong, and Sanjay and the entire Netskope team are seizing their moment. The firm said at the time: "It humbles and thrills our entire team and myself to think that Netskope, the fastest-growing security company, has now achieved a valuation of nearly $3 billion.Ĭommenting on the latest round, Will Griffith, founding partner of ICONIQ Growth, added: “Digital transformation doesn’t happen without network transformation and security transformation, and we believe that’s where Netskope delivers like no other provider.
#Netskope 300m iconiq growth psp#
That round also saw participation from new investors CPP Investment Board and PSP Investments participated, and existing investors Lightspeed Venture Partners, Accel, Base Partners, Geodesic Capital, Iconiq Capital, Sapphire Ventures, and Social Capital. Netskope raised $340 million in February 2020, in a funding round led by Sequoia Capital Global Equities. 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. “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,” said Sanjay Beri, CEO and co-founder of Netskope. We at ICONIQ Growth are thrilled to expand our partnership as the lead investor in Netskope’s latest 300M financing round, announced today.
We deeply value our investment partnership with the company and are excited to expand it as we continue on this journey.The investment more than doubled Netskope's value, which reached $7.5 billion following the funding round.Īlso participating in the latest round were 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 demand for Netskope as part of a properly designed SASE architecture is very strong, and Sanjay and the entire Netskope team are seizing their moment. "Digital transformation doesn't happen without network transformation and security transformation, and we believe that's where Netskope delivers like no other provider," said Will Griffith, founding partner of ICONIQ Growth.
#Netskope 300m iconiq growth series#
"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," said Sanjay Beri, CEO and co-founder of Netskope. Netskope Closes 75 Million Funding Round Led By Iconiq Capital New investment is largest to date for growing CASB market, will help company accelerate rapid adoption of cloud services across the enterprise Netskope, the leading cloud access security broker, today announced it has closed a 75 million Series D funding round led by Iconiq Capital. Netskope's Security Cloud delivers a comprehensive, cloud-native SASE platform of technologies that enable secure enterprise digital transformation and secure remote connectivity using integrated Zero Trust Network Access, Secure Web Gateway, and Cloud Access Security Broker capabilities. Netskope will continue to aggressively expand both its platform and go-to market amidst its hypergrowth to meet the strong demand for its Secure Access Service Edge architecture. Continued investment in Netskope from premier investors further validates the company's exceptional 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, with cloud security CAGR growth estimated to exceed 30% over the next several years.
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