PSP Investments Archives - SA国际传媒 News /tag/psp-investments/ Data-driven reporting on private markets, startups, founders, and investors Fri, 07 Feb 2020 15:25:11 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.5 /wp-content/uploads/cb_news_favicon-150x150.png PSP Investments Archives - SA国际传媒 News /tag/psp-investments/ 32 32 Cloud Security Provider Netskope Raises $340M At 鈥楴early $3B鈥 Valuation /venture/cloud-security-provider-netskope-raises-340m-at-nearly-3b-valuation/ Thu, 06 Feb 2020 16:00:41 +0000 http://news.crunchbase.com/?p=25139 , a cloud security company, announced this morning it has raised $340 million in a Series G round led by Global Equities.

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The financing values the Santa Clara, Calif.-based company at nearly $3 billion, it said, and brings its, according to SA国际传媒 data. Netskope鈥檚 last funding–a $168.7 million –closed in November 2018, propelling it to unicorn status.

New investors and participated in its latest round, as well as all existing investors including (which led its Series F), , , , , and .

Netskope describes itself as an alternative to “legacy, outdated security solutions that have failed to keep up with enterprises’ rapid adoption of new cloud and mobile technology, which have dissolved the ‘perimeter’ of a business’ network that traditional solutions were originally built for.”

Put more simply, Netskope鈥檚 Security Cloud offering aims to give companies visibility and real-time data and threat protection when accessing cloud services, websites and private apps from anywhere, on any device.

Netskope CEO said that when he started the company in 2012, 鈥渋t was clear that the cloud was changing everything, but few saw how it would disrupt security.鈥

Netskope CEO and Founder Sanjay Beri

, managing partner at Sequoia Capital Global Equities, said his firm believes Netskope is the 鈥渦nrivaled leader driving innovation鈥 across cloud, data and network security.鈥

Besides seeing 80 percent enterprise customer growth (25 percent of which is among the Fortune 100), the company says it has boosted its headcount by 50 percent with a focus on engineering and sales. Specifically, Netspoke says it has 1,000 customers and added 300 employees in less than a year’s time. It now has nearly 1,000 employees.

In addition to its new headquarters in Santa Clara, Netskope has opened new offices in Paris, S茫o Paulo, Seattle, New York, St. Louis, San Francisco and Tokyo. It鈥檚 also expanded into new markets including Australia, Singapore, Chile, Colombia, Brazil, Mexico, Italy, Spain and Germany.

As far as vertical markets are concerned, Beri told SA国际传媒 News that “there is not an industry that is immune to the security concerns” Netspoke addresses.

“That in mind, we continue to see massive uptake in regulated industries such as financial services, healthcare, and retail,” he said.

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