Netskope Secures $100 Million

Software company Netskope announced the close of $100 million in Series E financing. Six investors contributed to the round: Lightspeed Venture Partners, Accel Partners, Social Capital, ICONIQ Capital, Sapphire Ventures, and Geodesic Capital.

Netskope is a leader in cloud security. Using patented technology, Netskope’s cloud-scale security platform provides context-aware governance of all cloud usage in the enterprise in real time, whether accessed from the corporate network, remotely, or from a mobile device. With granular security policies, the most advanced cloud DLP, and unmatched breadth of workflows, Netskope is used by some of the largest companies in the world.

In its announcement, the company said the investment will fuel the advancement and go-to-market of the company’s enterprise cloud security platform, which addresses new security challenges precipitated by the rapid adoption of cloud services.