SASE Netskope Secures $ 300 Million Funding

Secure access services edge (SASE) Netskope says it has raised $ 300 million in H Series funding that it will use to aggressively expand its platform and go-to-market strategy to meet demand. by SASE. The company added that this latest fundraiser raised its valuation to $ 7.5 billion.

Funding for Series H was led by existing investor ICONIQ Growth. Lightspeed Venture Partners, Accel, Sequoia Capital Global Equities, Base Partners, Sapphire Ventures and Geodesic Capital also participated in the round.

Netskope’s cloud-native SASE platform is called NewEdge, and its architecture enables secure remote connectivity and has built-in zero-trust network access, a secure web gateway, and security broker capabilities from Netskope. cloud access. The company claims NewEdge is the most connected private cloud and also the fastest growing private cloud.

Netskope claims to have over 1,500 clients worldwide, and over 30 are Fortune 100 companies. Additionally, it claims that its clients include two of the world’s largest commercial banks, five of the largest healthcare providers in the world. world and 2 of the largest telecommunications companies in the world.

Related: Voices from Industry — Raynovich: Will 2021 Have More SASE?

Gartner analysts estimate that by 2024, 30% of companies will adopt cloud services like those offered by Netskope, up from 5% in 2020.

“We were SASE before the term SASE existed,” said CEO and co-founder of Netskope, Sanjay Beri. “We are fortunate to have attracted a truly exceptional team and a set of partners, clients and industry leaders who support us and bring us tremendous value. “

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