Security News > 2020 > February > Cloud Security Firm Netskope Raises $340 Million at $3 Billion Valuation

Cloud security company Netskope on Thursday announced that it has raised $340 million in a Series G funding round, valuing the firm at nearly $3 billion.

"We'll use this investment to continue to execute on our plan to dominate the largest market in security and accelerate global security transformation by innovating our platform and network and product set, and advancing our efforts to make our sales, marketing and post-sale efforts industry best," Sanjay Beri, CEO and founder of Netskope, told SecurityWeek.

Netskope offers a cloud security platform designed to help organizations manage risk, protect data, and block threats by providing full visibility and control, data loss prevention, and threat protection capabilities for their web, SaaS, and IaaS assets.

"Netskope has become the unrivaled leader driving innovation across cloud, data and network security, which makes up the largest part of today's security market," said Patrick Fu, managing partner at Sequoia Capital Global Equities.

"Netskope is raising the bar for game changers who are successfully pushing beyond the limitations of existing technology to reshape a market. Sanjay and the entire Netskope team are on an incredible trajectory, and we are thrilled to partner with this talented team for the long term."

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