Cloud security firm Netskope has secured $168.7m in a series F round, with the company now confirming it is valued at more than $1bn. After a $100m funding round in today it was worth $525m post-money. Led by Lightspeed Venture Partners, existing investors Accel, Geodesic Capital, Iconiq Capital, Sapphire Ventures and Social Capital were also joined by new participant Base Partners. Netskope’s cloud security platform oversees all network activity in a location, covering a variety of apps located on employees’ devices. The funding is intended to grow its businesses, increase research and development, and establish more worldwide data centres.
Cloud security firm Netskope has secured $168.7m in a series F round, with the company now confirming it is valued at more than $1bn. After a $100m funding round in 2017 it was worth $525m post-money. Led by Lightspeed Venture Partners, existing investors Accel, Geodesic Capital, Iconiq Capital, Sapphire Ventures and Social Capital were also joined by new participant Base Partners. Netskope’s cloud security platform oversees all network activity in a location, covering a variety of apps located on employees’ devices. The funding is intended to grow its businesses, increase research and development, and establish more worldwide data centres.