#Cloud netskope iconiq growth 3b series#

“Netskope is one of the most important and promising companies tackling the inherent issues in sanctioned cloud services and shadow IT today. The company has increased global headcount to 250 in response to continuing demand for its safe cloud enablement platform, and will also continue investment in building out Netskope’s global high performance cloud through new data centers across Asia-Pacific and Europe to meet growing demand. The company’s customers rank among the world’s top ten healthcare, insurance, banking, retail, and manufacturing brands, as well as some of the most diverse and cutting-edge high-tech, energy and utility companies. In the past year, Netskope has grown its customer base by 500%, resulting in an over 600% increase in revenue. We’re delighted that Iconiq has joined our team, and this investment will fuel our continuing efforts to help our customers safely migrate to and leverage the cloud.” The explosive growth we’re experiencing is evidence that organizations need a solution that enables them to mitigate risk, prevent data loss, and govern usage in cloud apps beyond simply ‘allowing’ or ‘blocking’ the apps. Instead, a new innovative solution that brought real-time actionable context and security to the world of cloud apps powered by APIs was clearly needed. “We founded Netskope on the premise that rapid development and adoption of cloud apps and services would bring about a new security conundrum for IT that simply couldn’t be addressed by existing tools built for on-premises apps or generic websites. “This is a pivotal moment for the industry, and further validation that ensuring secure usage of cloud services is one of the single greatest concerns for CIOs and CISOs today,” said Sanjay Beri, co-founder and CEO, Netskope. The new round brings Netskope’s total amount of funding raised to more than $130 million. The new capital will be used to expand sales, marketing, customer success, engineering and research operations worldwide. Existing investors Accel Partners, Lightspeed Venture Partners and the Social + Capital Partnership also participated in the round.

#Cloud netskope iconiq growth 3b series#

Netskope, the leading cloud access security broker, today announced it has closed a $75 million Series D 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