Netskope, a Santa Clara, California-based cloud security company, announced that it has raised $340 million in a Series G round led by Sequoia Capital Global Equities.
Netskope, a cloud security company that provides real-time data and threat protection for public cloud, websites, and private apps, has closed a $340 million deal in their Series G funding led by Sequoia Capital. According to Crunchbase, the funding puts Netskope’s valuation at nearly $3 billion as the company’s total funding reaches over $740 million.
Data-centric approach to cloud security
Netskope’s latest Series F funding in November 2018 totaled $168.7 million which helped the company affirm its unicorn status. Their huge funding success aside, company representatives did not express any thoughts on any possible upcoming IPO.
The company was founded in 2012 by Sanjay Beri, takes a data-centric approach to cloud security, following data everywhere it goes. Netskope provides the security of data created and exposed in the cloud to data going to unmanaged cloud apps and personal devices. By using patented technology, Netskope’s cloud-scale security platform provides context-aware governance of all cloud usage in the enterprise in real-time. Sanjay Beri, CEO of Netskope said:
“When we started Netskope in 2012, it was clear that the cloud was changing everything, but few saw how it would disrupt security. Since inception, we have always focused on architecting a true cloud platform that, over time, will secure and govern all of an enterprise’s traffic as the perimeter evolves into a new high-performance worldwide cloud edge.
This latest investment from the top enterprise and security investors in the world is proof of not only our enormous success in establishing Netskope as the new gold standard for cloud-delivered security, but also that the astounding level of global demand we’re seeing today is just the tip of the iceberg.”