{"id":28057,"date":"2023-01-05T23:39:03","date_gmt":"2023-01-05T23:39:03","guid":{"rendered":"https:\/\/mailinvest.blog\/index.php\/2023\/01\/05\/netskope-raises-401m-for-platform-development-and-go-to-market-activities\/"},"modified":"2023-01-05T23:39:03","modified_gmt":"2023-01-05T23:39:03","slug":"netskope-raises-401m-for-platform-development-and-go-to-market-activities","status":"publish","type":"post","link":"https:\/\/mailinvest.blog\/index.php\/2023\/01\/05\/netskope-raises-401m-for-platform-development-and-go-to-market-activities\/","title":{"rendered":"Netskope raises $401M for platform development and go-to-market activities"},"content":{"rendered":"

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Cloud security startup Netskope Inc.<\/a>\u00a0said today it has raised $401 million in new funding through convertible notes to boost its platform development and expand go-to-market activities.<\/p>\n

Morgan Stanley Tactical Value led the convertible note raise, with\u00a0Goldman Sachs Asset Management, Ontario Teachers\u2019 Pension Plan and CPP Investments also participating.<\/p>\n

Founded in 2012, Netskope offers a Secure Access Service Edge or SASE platform that provides discovery, visibility and granular control of sanctioned and unsanctioned cloud apps. The company\u2019s Intelligent Security Service Edge offers a converged, cloud-based service designed to transform security at the perimeter, helping companies stay ahead of cloud, data and network security challenges.<\/p>\n

Netskope\u2019s SASE platform includes Borderless SD-WAN technology, which, combined with the security service edge technology, is said to be crucial in providing optimized access and zero-trust-based security<\/a> in the modern networking and security technology stack. The stack includes the move to hybrid and remote work that introduces new risks to enterprises large and small.<\/p>\n

\u201cOur vision from day one was that traditional network and security perimeters would transform, with users, data and devices moving outside the confines of corporate network perimeters and requiring a new approach to security,\u201d Netskope co-founder and Chief Executive Sanjay Beri said in a statement<\/a>. \u201cWe 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.\u201d<\/p>\n

In the last 12 months, Netskope has added more than 2,400 new customers, including more than 25 of the Fortune 100, across industries such as financial services, healthcare, retail, telecommunications, manufacturing, government and high tech. The company has regularly released new products covering endpoint data loss prevention, cloud firewall and zero trust, and it acquired\u00a0WootCloud Inc.<\/a>\u00a0in June and Infiot Inc.<\/a>\u00a0in August to enhance its technology base.<\/p>\n

Netskope has also added and enhanced go-to-market partnerships with cloud platforms, service providers and system integrator brands, including Orange S.A., Deloitte Touche Tohmatsu Ltd., Telefonica S.A., Amazon Web Services Inc., Google Cloud, CrowdStrike Holdings Inc., Mimecast Inc. and Okta Inc.<\/p>\n

Including the new funding, Netskope has raised an estimated $1.4 billion to date, based on data from Crunchbase<\/a>, including rounds of $300 million in July 2021<\/a> and $100 million in June 2017<\/a>. Previous investors include Axevil Capital, Lightspeed Venture Partners, Accel, Sequoia Capital and ICONIQ Growth.<\/p>\n

Image: Netskope<\/h5>\n
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