Cloud-based Security Services Provider Netskope Receives $75 Million Investment
Cloud-based security services provider Netskope has received a $75 million investment to enable the company to find solutions to cloud security issues in a market that analysts suggest will soon generate a $100 billion a year. Netskope, which has headquarters in Los Altos, California, USA, offers a range of security solutions for apps such as Office 365, Google Apps, Salesforce, Box and Dropbox. The company’s solutions monitor cloud apps to assess potential risks by considering issues such as compliance certifications, security and audit features, and business continuity.
Netskope employees 250 people globally and has experienced considerable growth over recent times, with what it suggests is a 500% growth in the number of customers it caters for, and a 600% jump in revenue. This latest round of investment was raised from venture capitalists and brings its total investment received to date to $130 million, prompting the company’s CEO Sanjay Beri to suggest Netskope is bound to become a “large-scale iconic security company.”
Rather than blocking apps, Netskope’s solutions give users a range of options such as “Block sharing if it’s to someone outside of the company” based on a company’s policies. Its offerings are built around its Netskope Active Platform, which strictly controls which employees can access a particular cloud application. Netskope also monitors usage to alert a company of policy violation or real-time anomalies.
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