Founded in 2012, Netskope is an American software company based in Santa Clara, California, United States. Netskope provides a computer security platform and offers cloud-native solutions for enterprises such that the companies can protect their sensitive data and defend their application and system against various cyber threats. Netskope is considered a leading company in its sector because of its Cloud Access Security Brokers (CASB). The founders of the company are Sanjay Beri (current CEO), Lebin Cheng, Ravi Ithal, and Krishna Narayanaswamy. Apart from its headquarters that is based in Santa Clara, the company also has a software development facility in Bangalore, India.
About Netskope
When the team of Netskope was formed, it brought in distinguished engineers from the security and networking field. Some of its early members are ex-employees of Cisco, Juniper Networks, Palo Alto Networks, and VMWare. The company currently has more than 1,000 employees and it has some of the biggest multinational conglomerates as its clients (more than 25% of Fortune 100 customers).
Netskope has expanded to various international markets including India, Singapore, Melbourne, London, etc. In the 21st century, Netskope is one of the fastest-growing SASE companies and the main idea behind building the company was to give people the power to access the cloud on their devices,
Founding History of Netskope
Before co-founding Netskope, Sanjay Beri was the VP of the Access & Security business at Juniper Networks. Since Sanjay worked at a very reputed company he made several connections throughout the year. So, for some time he took time and spoke to several CEOs of other companies and finally in 2012 co-founded Netskope. He started the company with initial venture capital of $21 million approximately. During the first six months, an office was set up in Palo Alto from where Netskope operated. When they established the company, the first thing that Netskope put their focus on was hiring the best talents.
In October 2013, the company launched its first product which was security software available openly. The company also formed an advisory team and brought Enrique Salem, former Symantec Chairman onboard. In the funding round of 2014, the company raised $35 million followed by raising another $75 million in 2015. The latter funding round was led by ICONIQ Capital. The company announced that the latest fundings would be invested to expand in New Zealand and Australia.
Funding and Acquisition
In 2016, the first two patents of Netskope were finally issued in its name for security and network-delivered services. Next year, the company conducted another funding round which was bigger than all the funding rounds held before that. Netskope was able to raise $100 million in the funding round and it was led by Lightspeed Venture Partners. In the same year, the company acquired Sift Security, a software business that mainly focused on next-generation cloud infrastructure security. Cloud Hunter of Sift Security was renamed as Netskope’s Security Cloud after the acquisition. In 2018, another patent was issued to Netskope for context-aware data loss prevention. By the end of 2018, the company successfully raised another $168.7 million.
Recent Days
In 2019, the company brought a new CFO of Netskope, Drew Del Matto (former Citrix and Fortinet executive). Earlier in 2020, Netskope conducted another funding round and raised $340 million. This funding round was led by Sequoia Capital Global Equities and the total funding summed up to $740 million. In February 2020, the company launched Netskope Private Access Solution, and the same year the company’s total valuation became $3 billion (tripled within fifteen months). The company has made Forbes Cloud 100 list because of its advanced cloud services that include protection against cyber threats. The company has already entered into a partnership with Cybersecurity and Exclusive Networks.
Sanjay Beri – Co-founder and CEO
Sanjay pursued computer engineering from the University of Waterloo followed by completing his master’s in electrical engineering from Stanford University. Though Sanjay came on the radar after co-founding Netskope, his first startup was Ingrian Networks which was eventually acquired by SafeNet. Some of the companies that he worked at before building his own company were Microsoft, McAfee, and Juniper Networks.
Annasha Dey is an NIT student, who apart from studying engineering is also a content writer. She has a great interest in photography, writing, reading novels, and travelling as well. She is a foodie who loves socializing and hanging out with her friends. She is also a trained Kathak dancer and a big fashion enthusiast. Dey also loves watching TV series, which includes F.R.I.E.N.D.S. and Big Bang Theory. To be a better writer she prefers to read more