Total amount raised
$1.2 Billion
Latest funding date
1/1/2023
Location
Netskope has successfully raised funding over 13 rounds, with the latest being a Venture - Series Unknown round. The company is backed by 27 investors, including Launchbay Capital and Goldman Sachs Asset Management.
Keep reading to explore the intricacies of Netskope's fundraising journey and the investors backing this innovative platform.
What Is Netskope?
Netskope is a prominent IT firm based in Santa Clara, California, specializing in real-time security, threat prevention, data protection, and network management services. The company operates in the Cloud Security, Cyber Security, Enterprise Software, and Software industries.
With an employee count ranging between 1001-5000, Netskope has established itself as a leader in modern security and networking solutions tailored for the cloud and AI era. Their comprehensive platform, Netskope One, integrates various security and networking services to protect and accelerate organizations.
How Much Funding Has Netskope Raised?
- Series D
- Amount Raised: USD 75,000,000
- Date: September 2015
- Lead Investors: ICONIQ Growth
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand product offerings and scale operations.
- Series E
- Amount Raised: USD 100,000,000
- Date: June 2017
- Lead Investors: Accel, Lightspeed Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance technological capabilities and enter new markets.
- Series F
- Amount Raised: USD 168,700,000
- Date: November 2018
- Lead Investors: Lightspeed Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support strategic market expansion and product development.
- Series G
- Amount Raised: USD 340,000,000
- Date: February 2020
- Lead Investors: Sequoia Capital Global Equities
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and enhance technological infrastructure.
- Series Unknown
- Amount Raised: USD 300,000,000
- Date: July 2021
- Lead Investors: ICONIQ Growth
- Valuation at Round: USD 7,500,000,000
- Motivation Behind the Round: To support growth and enhance market position.
- Convertible Note
- Amount Raised: USD 401,000,000
- Date: January 2023
- Lead Investors: Morgan Stanley
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance technological capabilities and support strategic market expansion.
- Series Unknown
- Amount Raised: Not publicly disclosed
- Date: September 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue growth and technological advancements.
Total Amount Raised: USD 1,384,700,000
Current Valuation: USD 7,500,000,000
Key Investors
- Morgan Stanley Tactical Value
- Details: A division of Morgan Stanley focusing on tactical investment opportunities. Managed by Pedro Teixeira, it aims to invest in high-quality companies driving their markets.
- Investment Focus Areas: Technology, cybersecurity, high-growth industries.
- Notable Investments: Netskope, Airbnb, Uber.
- Goldman Sachs Asset Management
- Details: A global investment management division of Goldman Sachs, providing investment and advisory services. Known for its broad investment strategies.
- Investment Focus Areas: Equities, fixed income, private equity, alternative investments.
- Notable Investments: Netskope, Facebook, Airbnb.
- ICONIQ Growth
- Details: A growth equity firm that invests in technology companies. Known for its strategic investments in high-growth potential firms.
- Investment Focus Areas: Technology, software, cloud services.
- Notable Investments: Netskope, Snowflake, Datadog.
- Lightspeed Venture Partners
- Details: A venture capital firm focusing on early and growth-stage technology companies. It has a strong track record of successful investments.
- Investment Focus Areas: Technology, enterprise software, consumer services.
- Notable Investments: Netskope, Snap, AppDynamics.
- Sequoia Capital Global Equities
- Details: A division of Sequoia Capital that focuses on growth-stage technology companies. Known for its strategic investments in market-leading firms.
- Investment Focus Areas: Technology, software, internet services.
- Notable Investments: Netskope, Airbnb, Stripe.
What's Next for Netskope?
Netskope stands at the cusp of significant growth opportunities, driven by the increasing demand for cloud-native security solutions. With a recent $401 million funding round, the company is well-positioned to enhance its technological capabilities and expand its market reach. The Secure Access Service Edge (SASE) market, predicted to reach $36 billion by 2025, offers a vast landscape for Netskope to leverage its innovative platform and strategic partnerships.
Future fundraising opportunities appear promising, with potential for an IPO as indicated by the structure of the recent convertible notes. This move could provide additional capital and market visibility, further fueling Netskope's expansion and product development. The company's strong investor interest and oversubscribed funding rounds suggest continued financial support from both existing and new investors.
However, Netskope may face challenges such as maintaining its market leadership amidst growing competition and rapidly evolving security threats. Integrating new technologies and managing a global workforce will also be critical as the company scales. Despite these hurdles, Netskope's strategic vision and robust financial backing position it well for future success in the dynamic cybersecurity landscape.
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