Another Big Cybersecurity Funding Round – Netskope Scores $100M

Cybersecurity is a very hot topic lately, and certainly is used extensively by the entire financial ecosystem, so raising new capital should be fairly easy……..and, it happened. Netskope just completed a Series E round of funding for $100M for new product development, marketing programs AND BECOME PROFITABLE. Existing investors and a few new ones put up the new capital and are now looking at an IPO, and they have an impressive list of customers already, including Toyota, Intercontinental Hotel Group and Levi’s, amongst others. Congratulations to all and good luck.
(Bill Taylor/CEO)

Cyber-security firm Netskope said on Tuesday it has raised $100 million from existing and new investors to fund product development and marketing programs that will help the firm become profitable and set the stage to go public.

“This makes us financially independent,” founder and Chief Executive Officer Sanjay Beri said via phone. “We won’t be required to ever raise capital again.”

The Series E round was led by existing investors Lightspeed Venture Partners and Accel. Sapphire Ventures and Geodesic Capital invested in the firm for the first time, while Social Capital and Iconiq Capital increased their investment in the firm, according to Netskope…”

Source: Reuters