Netskope Announces $75M In Series D Funding For Cloud App Usage Analytics Platform

Cloud Access Security Broker Netskope today announces the finalization of $75M in Series D funding led by Iconiq Capital with additional participation from existing investors Accel Partners, Lightspeed Venture Partners and the Social + Capital Partnership. The Netskope platform discovers cloud-based apps, understands the security threats specific to them and implements policies or procedures designed to guarantee the secure operation of the app in question within the larger context of the infrastructure in which it is deployed. Over the past year, Netskope has experienced 500% growth in year over year customer revenue and 600% growth in year over year revenue growth. The funding raise constitutes strong validation of the company’s platform for ensuring the security of cloud apps within enterprise environments and underscores Netskope’s leadership in the space dedicated to shadow IT and unsanctioned apps. The company’s growth has been fueled by its ability to provide an unparalleled level of granularity into cloud app usage within enterprise environments. The infusion of $75M in capital will be used to accelerate product development and expand sales, marketing and research operations.