Netskope: The cloud security platform for companies to manage cloud application usage
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Netskope: The cloud security platform for companies to manage cloud application usage
Netskope provides cloud security solutions for enterprises, including cloud-delivered secure web gateways (SWGs), cloud access security brokers (CASBs), and other solutions to manage access to cloud workloads. These solutions help companies monitor the use of cloud applications and identify suspicious behavior. Additionally, Netskope’s tools attempt to replace legacy solutions such as VPNs.
In January 2024, Netskope launched a new SASE solution for mid-market enterprises. It offers a single-vendor platform with features for MSPs and MSSPs, including multi-tenant support and custom pricing.
As of June 2024, Netskope served more than 3,400 enterprises, including multiple Fortune 500 firms. The company also reached USD 500 million in annual recurring revenue (ARR).
In January 2023, the company raised USD 401 million in convertible notes led by Morgan Stanley Tactical Value. The funds were utilized to accelerate platform development and expand its go-to-market strategy.
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