Netskope Raises $401 Million

Netskope is a global cybersecurity leader that redefines cloud, data, and network security to help organizations apply zero-trust principles to protect data. The service offers enterprise digital transformations and secures remote connectivity using integrated Zero Trust Network Access (ZTNA), Secure Web Gateway (SWG), and Cloud Access Security Broker (CASB) capabilities. The company helps customers reduce risk, accelerate performance, and get unrivaled visibility into any cloud, web, and private application activity.

The largest share of funds in the convertible note investment round came from Morgan Stanley Tactical Value, while Goldman Sachs Asset Management, Ontario Teachers’ Pension Plan, and CPP Investments provided additional support. Netskope is going to use the funds to improve its technological capabilities and support its strategic go-to-market activity expansion. In 2021, Netskope’s valuation was reported to be over $7.5 billion.

Netskope, headquartered in San Francisco, United States, was founded by Krishna Narayanaswamy, Lebin Cheng, Ravi Ithal, and Sanjay Beri in 2012. The company has more than 2,400 total customers worldwide, including more than 25 of the Fortune 100 companies, and operates data centers in more than 60 regions globally.

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