As cloud security fundamentally changes the way companies do business, Netskope brings $300M of fresh capital and doubles down in Brazil and broader LatAm.
Netskope is now valued at $7.5B after a $300M financing backed by only existing investors including Base Partners, ICONIQ Capital, Lightspeed Venture Partners, Accel, Sequoia Capital Global Equities, Geodesic Capital, and Sapphire Ventures.
From our first conversations with Netskope CEO and Co-Founder Sanjay Beri and his team, we heard a compelling vision for the role of cloud in driving enterprise digital transformation, specifically how users, applications, and data would no longer be confined within corporate network perimeters and how new security, networking technology and deployment solutions would be required.
“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. We were SASE before the term SASE existed and today we are seeing our vision manifest across the globe as enterprises increasingly turn to Netskope to enable secure digital transformation. We are fortunate to have attracted truly exceptional investment partners who support and bring tremendous value to us, and we are pleased to take another step forward with them in our journey.” said Sanjay Beri, CEO and co-founder of Netskope.
We made our first investment in Netskope in 2018 and since then have strived to help grow its operations throughout Latin America. Today Netskope’s customers in LatAm include the largest telco’s, retailers, and financial institutions among many other corporations.
We are proud to see the company’s impressive growth trajectory and excited to see what the future holds for Sanjay and his team.
