Netskope Raises $401M in Series G

Netskope has successfully raised $401M in a Series G at a $7.5B valuation led by Lightspeed Venture Partners, Accel, Sequoia Capital, Base Partners, Iconiq Capital, Sapphire Ventures, Social Capital.

Company Overview

Netskope is a Cybersecurity company headquartered in 2445 Augustine Drive, Santa Clara, CA 95054, founded in 2012 with 2500+ employees.

Cloud security platform

Fundraising Details

Amount Raised: $401M
Round Type: Series G
Valuation: $7.5B
Date: 2024-05-29
Investors: Lightspeed Venture Partners, Accel, Sequoia Capital, Base Partners, Iconiq Capital, Sapphire Ventures, Social Capital

About Netskope

Cloud security platform The company is positioned in the Cybersecurity sector, serving a growing market with innovative solutions.

Key Information

Headquarters: 2445 Augustine Drive, Santa Clara, CA 95054
Founded: 2012
Team Size: 2500+
Industry: Cybersecurity

What This Means

This funding round demonstrates strong investor confidence in Netskope's vision and execution. The capital will likely be used to:

Scale Operations: Expand the team and operational capacity
Product Development: Enhance existing products and develop new features
Market Expansion: Enter new markets and strengthen presence in existing ones
Technology Investment: Invest in infrastructure and technology capabilities

Industry Context

The Cybersecurity sector continues to attract significant investment as companies innovate to meet evolving market demands. Netskope's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $7.5B valuation marks an important milestone for Netskope, positioning the company among notable players in the Cybersecurity industry.

Looking Ahead

With this new capital, Netskope is well-positioned to execute on its growth strategy and continue building innovative solutions in the Cybersecurity space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.

This fundraising news was reported on 2024-05-29. For more information about Netskope, visit their headquarters at 2445 Augustine Drive, Santa Clara, CA 95054.

Netskope