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. In January 2024, the company launched a new single-vendor solution, integrating its SASE platform with zero-trust features.

Zscaler has made several acquisitions including entitlement management startup Trustdome and deception technology company Smokescreen 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. In January 2024, ZScaler was rumored to be in talks to acquire Israeli open data platform Avalor, with sources putting the value of the deal at USD 250 million–350 million.

Key customers and partnerships

The company served more than 7,500 customers including 30% of the Forbes Global as of February 2024. The company’s partner strategy includes alliances to grow its cybersecurity ecosystem to offer integrated solutions globally, including a partnership with Amazon Web Services (AWS) to build a cloud native application protection platform (CNAPP) for AWS workloads, and a service partnership with Tata Consultancy Services (TCS).

Funding and financials

Zscaler commenced trading on the Nasdaq in March 2018, raising USD 192 million in its initial public offering (IPO). The company previously raised USD 

The company reported annual revenues of USD 1,617.0 million for FY2023, a growth of 48% over the previous year. Adjusted income from operations rose to USD 240.8 million from USD 111.6 million. For Q1 FY2024, Zscaler reported a revenue figure of USD 496.7 million (+40% YoY) and adjusted operating income of USD 89.7 million.