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Netskope

Category: AI in Cybersecurity

Netskope is a cloud-native SASE and SSE security platform that provides data security, threat protection, and AI security for enterprises. Netskope was founded in 2012. The company is led by Sanjay Beri. Based in Santa Clara, California. Total funding raised: $1.44B. Latest round: IPO. Key investors include Lightspeed Venture Partners, Accel, ICONIQ Growth, Sequoia Capital Global Equities, Morgan Stanley Tactical Value, Goldman Sachs Asset Management, CPP Investments, Ontario Teachers' Pension Plan, PSP Investments, Sapphire Ventures, Base Partners, Geodesic Capital.

Founded
2012
Headquarters
Santa Clara, California
Total funding
$1.44B

Value proposition

Netskope One platform converges security and networking (SASE/SSE) with AI-native data protection, DLP, and zero trust controls for the cloud and AI era.

Products and solutions

Netskope One Platform (SASE/SSE), AI Security (AI Command Center, GenAI Security, Agentic Broker, AI Gateway, AI Red Teaming, AI Guardrails), Data Loss Prevention (DLP), Cloud Access Security Broker (CASB), Zero Trust Network Access (ZTNA), Secure Web Gateway (SWG), Firewall-as-a-Service, Secure SD-WAN, Data Security Posture Management (DSPM), Advanced Analytics, Digital Experience Management

Unique value

Data-first security architecture built for cloud and AI — unified single-vendor SASE platform with the industry's deepest DLP, AI security controls, and zero trust across any app, device, or location.

Target customer

Large enterprises, financial services, healthcare, government, technology companies, and any organization adopting cloud services and AI tools

Industries served

Financial Services & Insurance, Healthcare & Life Sciences, High Technology, Legal, Manufacturing, Retail & Hospitality, Utilities, Public Sector & Education (including US Federal Government with FedRAMP High authorization)

Technology advantage

Cloud-native architecture with NewEdge network (global inline security infrastructure); data-first approach with 3,000+ data classifiers and 1,800+ file types; AI-native security controls for GenAI apps and agents; FedRAMP High authorized; Gartner Magic Quadrant Leader for both SSE and SASE

How they differentiate

Data-first architecture vs. network-first (Palo Alto) or proxy-first (Zscaler); strongest DLP and CASB capabilities; native AI security suite (Agentic Broker, AI Gateway, Guardrails); single-vendor SASE with integrated SD-WAN; FedRAMP High authorization for government

Main competitors

Zscaler, Palo Alto Networks (Prisma Access), Cato Networks

Key partnerships

Anthropic (Claude Compliance API integration, Project Glasswing with Claude Mythos), AWS (Cloud WAN Service Insertion, advanced DLP for AWS), Microsoft (threat intelligence sharing, Azure integration), Google Cloud (AI Guardrails powered by Google Cloud TPUs), OpenAI (Trusted Access for Cyber program, GPT-5.5-Cyber), Deloitte (expanded global partnership for Managed SASE), Wipro (Managed SASE), technology partner ecosystem

Notable customers

BDO, MinterEllisonRuddWatts, numerous Fortune 500 enterprises across financial services, healthcare, technology, and government sectors

Major milestones

2012: Founded, 2013: Emerged from stealth, 2018: Reached unicorn status ($1B+ valuation) with Series F, 2020: $340M Series G at ~$3B valuation, 2021: $300M Series H at $7.5B valuation, 2023: $401M Series I led by Morgan Stanley, 2025: IPO on Nasdaq (NTSK) raising $908.2M at $8.8B valuation, 2025: Integration with Anthropic Claude Compliance API, 2026: Launched Netskope One AgentSkope (6 AI agents) and AI Command Center, 2026: Joined Anthropic Project Glasswing with Claude Mythos, 2026: Expanded Deloitte partnership for Managed SASE, 2026: Joined OpenAI Trusted Access for Cyber program

Growth metrics

$845M ARR as of April 30, 2026 (29% YoY growth); $201.6M Q1 FY2027 revenue; ~3,280 employees; 350K+ customers; $1.1B cash & marketable securities

Market positioning

Leader in Gartner Magic Quadrant for both SSE and SASE; Forrester Wave Leader for SSE and SASE; ranked #2 for protecting sensitive data ahead of Zscaler; one of the most valuable cybersecurity companies globally

Geographic focus

Global — strong presence in North America, EMEA, and Asia-Pacific with 26+ data centers worldwide

About Sanjay Beri

Co-founder of Ingrian Networks (data center encryption, acquired by SafeNet); VP & GM of Juniper Networks secure access business unit; MBA from UC Berkeley Haas

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