Zscaler

Zscaler offers cloud security products such as cloud access security brokers (CASBs), secure web gateways (SWGs), and other tools to protect cloud networks, under a secure access service edge (SASE) architecture that is distributed across more than 150 data centers globally. Zscaler also offers cloud security posture management (CSPM) tools that enable organizations to identify misconfigurations and vulnerabilities across cloud-native workloads.

Zscaler launched a suite of generative AI-powered products in June 2023, offering capabilities such as data loss prevention (DLP) breach prediction, cybersecurity policy automation , and a new natural language interface for its product portfolio.

Zscaler has made several acquisitions including entitlement management startup Trustdome and deception technology company Smokescreen Technologies in April and May 2021, respectively. In September 2022, the company acquired the security workflow automation startup ShiftRight for USD 25.6 million.

Zscaler announced its intent to acquire Israeli SaaS supply chain security startup Canonic in February 2023, aiming to integrate Canonic’s capabilities into its data protection services.

As of May 2021, the company had more than 200 patents issued and pending. The company commenced trading on the Nasdaq in March 2018, raising USD 192 million in its initial public offering (IPO).

Key customers and partnerships

The company served more than 5,000 customers including more than 25% of the Fortune 200, as of May 2021.

Funding and financials

For FY2021, Zscaler reported USD 673.1 million in revenues, reflecting a growth of 56% YoY. Zscaler’s adjusted operating income rose to USD 78 million, more than double the USD 38.2 million recorded during FY2020. For Q1 FY2022 (ended October 31, 2021), the company reported a revenue of USD 230.5 million, representing a year-over-year (YoY) growth of 62%. Management guidance for revenue for FY2022 stands in the range of USD 1 billion and USD 1.01 billion.