Netskope, a start-up based in Santa Clara, California, announced an oversubscribed investment round of $401 million supporting its Secure Access Service Edge (SASE) solutions.
The Netskope converged SASE platform includes Netskope’s Intelligent Security Service Edge (SSE) and Borderless SD-WAN technologies. The company says it now has more than 2,400 total customers worldwide, including over 25 of the Fortune 100. Its marketing partnerships include Orange, Deloitte, Telefonica, KPN, AWS, Google Cloud, CrowdStrike, Mimecast, Okta, and others.
The financing was led by investment funds managed by Morgan Stanley Tactical Value, with participation from Goldman Sachs Asset Management, Ontario Teachers’ Pension Plan, and CPP Investments.
Netskope said it will use the funding to extend its technology and platform advantages and market reach.
“Our vision from day one was that traditional network and security perimeters would transform, with users, data, and devices moving outside the confines of corporate network perimeters and requiring a new approach to security,” said Sanjay Beri, Netskope CEO and co-founder. “With a cloud-first, data-first, and customer-centric philosophy, we built a market-leading SASE platform and one of the world’s fastest and most-connected security cloud networks. We have enabled enterprises everywhere to allow their users to be mobile, efficient, and flexible while securing them and the data and applications they access, whether they are in the cloud, on the web, or are private applications on-prem and beyond. We are very proud of the team members, customers, industry luminaries, and existing and new partners announced today who are helping to enable Netskope’s journey and secure the journey of all enterprises worldwide.”