Security News > 2021 > July > Netskope raises $300M to expand both its platform and go-to market

Continued investment in Netskope from premier investors further validates the company's exceptional team, vision, track record of strong global execution, and opportunity to continue its rapid gaining of share in the fast-growing CAGR market which analysts estimate to be a $30 billion total addressable market by 2024, with cloud security CAGR growth estimated to exceed 30% over the next several years.

Netskope will continue to aggressively expand both its platform and go-to market amidst its hypergrowth to meet the strong demand for its Secure Access Service Edge architecture.

Netskope's Security Cloud delivers a comprehensive, cloud-native SASE platform of technologies that enable secure enterprise digital transformation and secure remote connectivity using integrated Zero Trust Network Access, Secure Web Gateway, and Cloud Access Security Broker capabilities.

"We started Netskope because we saw a cloud-centric, digital-first future of business that simply can't be achieved using legacy approaches to security and networking," said Sanjay Beri, CEO and co-founder of Netskope.

"Digital transformation doesn't happen without network transformation and security transformation, and we believe that's where Netskope delivers like no other provider," said Will Griffith, founding partner of ICONIQ Growth.

"The demand for Netskope as part of a properly designed SASE architecture is very strong, and Sanjay and the entire Netskope team are seizing their moment. Netskope is pointing the way to where cloud, networking, security, and data protection are headed long-term. We deeply value our investment partnership with the company and are excited to expand it as we continue on this journey."

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