Company:Netskope
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![]() Netskope headquarters in March 2020 | |
Type | Private |
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Founded | 2012 |
Founder | Sanjay Beri, Lebin Cheng, Ravi Ithal, Krishna Narayanaswamy |
Headquarters | Santa Clara, California, United States |
Key people | Sanjay Beri (CEO) |
Products | Netskope Security Cloud, Netskope for SaaS, Netskope for IaaS, Netskope for Web, Netskope Private Access, CASB, Next Gen Security Web Gateway |
Number of employees | 1,500 |
Website | https://www.netskope.com |
Netskope is an American software company providing a computer security platform. The platform offers cloud-native options to businesses for data protection and defense against threats in cloud applications, cloud infrastructure, and the web.[1] Netskope is considered a "leader in its field" status for its Cloud Access Security Brokers (CASB) product from Gartner.[2][3][4]
Netskope is based in Santa Clara, California, with a software development facility in Bangalore, India, and further offices in San Francisco , Redmond, New York City , St. Louis, London, Melbourne, Leganés, Singapore and Madrid.[5]
History
Netskope was founded in 2012 by Sanjay Beri (current CEO), Lebin Cheng, Ravi Ithal, and Krishna Narayanaswamy with initial venture capital of approximately $21m.[5][6] In October 2013, one year after being founded, Netskope launched its first openly available security software.[6] In that same month, it announced the formation of an advisory team and appointed Enrique Salem, former Symantec chairman, and CEO, to its board of directors.[7] In 2014, Netskope raised $35m in funding.[8] By mid-2015, the company announced plans to expand to the Australia and New Zealand market, and in September, Netskope raised a further $75m in a round led by ICONIQ Capital.[9]
In 2016, the first two patents were issued to Netskope - Patents 9,270,765 and 9,398,102 for security for network delivered services.[10][11] In June 2017, Netskope closed the most successful funding round yet, securing $100m in a round led by Lightspeed Venture Partners.[12] The following month, Netskope acquired Sift Security, also a software company with a focus on next-generation cloud infrastructure security.[13] The acquisition brought Sift’s IaaS ‘Cloud Hunter’ into Netskope’s Security Cloud.[14] A year later, in June 2018, Patent 9,928,377 for context-aware data loss prevention was issued to Netskope.[15] 2018 also saw another round of funding for Netskope, as the company raised a further $168.7m in November.[2][16]
In 2019, former Citrix and Fortinet executive Drew Del Matto was appointed CFO of Netskope.[17] In February 2020, just before the release of the Netskope Private Access solution[buzzword] to the general public, the company raised $340m in additional investment in a round led by Sequoia Capital Global Equities.[14][18] This brings the funding to-date to a total of $740m.[19]
As of February 2020, the company is valued at almost $3 billion – having tripled its valuation over the period of 15 months.[17][19] Overall, Netskope has experienced an average of 80% year-over-year growth in number of customers, which include 25% of the Fortune 500 companies.[20]
Netskope has been named a Leader in Gartner Magic Quadrant for Cloud Access Security Brokers and made the Forbes Cloud 100 list.[2][21]
In September 2020, Cybersecurity and Exclusive Networks signed a distribution deal with Netskope. The arrangement would dramatically help the growing company demand for the Netskope Security Platform.[22]
Technology and products
The Netskope cloud security platform aims to provide enterprises with threat protection, data loss protection, visibility, and real-time insights across cloud services, including Microsoft’s Azure platform, Google Cloud, and Amazon AWS.[1] API-supported applications include Cisco WebEx, Dropbox, GitHub, Google Drive, Gmail, Microsoft OneDrive, Office 365, Salesforce, SharePoint, and Slack, among others.[23]
Netskope software uses a SaaS (software as a service) model, delivered via a distributed cloud in SOC-2 and SOC-3 data centers. It steers cloud and Web traffic to a cloud-native service for inspection and policy enforcement. Clients of Netskope log into the software via a web browser interface where they can access reports and analytics on cloud, cloud usage, compliance, and set policies to control and secure specific usage behavior or alert an administrator.[24]
Netskope has different deployment options for traffic steering for analysis and policy control. These include log ingestion, API connectors, an agent-less forward proxy, reverse proxy, as well as a thin client (“agent”) and profile for remote users on PCs or mobile devices, and GRE and IPsec tunneling. Netskope can enforce policies including data loss prevention (DLP), anti-malware, encryption, access control, and incident management services on the cloud and web traffic it inspects.[25]
The platform includes a cloud-native component named a Next Generation Secure Web Gateway – combining Netskope’s original CASB inline technology with inline web gateway, threat protection, and data loss prevention services.[26] In July 2019, Netskope added NewEdge into its platform – network infrastructure with a goal of improving user experience via high-capacity and low-latency. NewEdge provides real-time security that is delivered using an SDN overlay. At the time of release, NewEdge had 50 points of presence, totaling over 100Tb/s total capacity.[27]
Secure access to private enterprise applications was added with the Private Access product, first introduced in June 2019 and made generally available in February 2020.[26]
References
- ↑ 1.0 1.1 Konrad, Alex (September 11, 2019). "The Cloud 100" (in en). https://www.forbes.com/cloud100/.
- ↑ 2.0 2.1 2.2 Lyons Hardcastle, Jessica (November 13, 2018). "Latest Security Unicorn Netskope Scores $168.7M Series F". SDxCentral. https://www.sdxcentral.com/articles/news/latest-security-unicorn-netskope-scores-168-7m-series-f/2018/11/.
- ↑ Riley, Steve; Lawson, Craig (October 22, 2019). "Magic Quadrant for Cloud Access Security Brokers". https://www.gartner.com/doc/reprints?id=1-1XOFCANJ&ct=191024&st=sb.
- ↑ "Netskope hauls in another $340M investment on nearly $3B valuation" (in en-US). http://social.techcrunch.com/2020/02/06/netskope-nabs-340m-on-nearly-3b-valuation-for-cloud-security-platform/.
- ↑ 5.0 5.1 "A look at cloud security leader Netskope (and how to get hired there)" (in en). https://lw-4.aws.theladders.com:8443/career-advice/netskope-cloud-security.
- ↑ 6.0 6.1 "Fresh Out of Stealth, Gray Matter Eyeing Big Data Services" (in en-US). 2013-10-10. https://siliconangle.com/2013/10/10/fresh-out-of-stealth-gray-matter-eyeing-big-data-services/.
- ↑ E.F. Brown, Steven (October 23, 2013). "Enrique Salem takes seat on Netskope board of directors". https://www.bizjournals.com/sanfrancisco/news/2013/10/23/enrique-salem-takes-seat-netskope-board.html.
- ↑ Kepes, Ben. "Netskope Raises $35M To Secure The Enterprise Cloud" (in en). https://www.forbes.com/sites/benkepes/2014/05/15/netskope-raises-35m-to-secure-the-enterprise-cloud/.
- ↑ Chanthadavong, Aimee. "Netskope eyes APAC expansion with $75m Series D funding" (in en). https://www.zdnet.com/article/netskope-eyes-apac-expansion-with-75m-series-d-funding/.
- ↑ "US Patent for Security for network delivered services Patent (Patent # 9,270,765 issued February 23, 2016) - Justia Patents Search". https://patents.justia.com/patent/9270765.
- ↑ "US Patent for Security for network delivered services Patent (Patent # 9,398,102 issued July 19, 2016) - Justia Patents Search". https://patents.justia.com/patent/9398102.
- ↑ "Cloud security broker Netskope raises $100m more led by Lightspeed and Accel" (in en-US). http://social.techcrunch.com/2017/06/06/cloud-security-broker-netskope-raises-100m-more-led-by-lightspeed-and-accel/.
- ↑ "Netskope nabs Sift Security to enhance infrastructure cloud security" (in en-US). http://social.techcrunch.com/2018/07/12/netskope-nabs-sift-security-to-enhance-infrastructure-cloud-security/.
- ↑ 14.0 14.1 "Netskope acquires Sift Security for next generation IaaS tools" (in en). https://www.cloudcomputing-news.net/news/2018/jul/16/netskope-acquires-sift-security-next-generation-iaas-tools/.
- ↑ "US Patent for Systems and methods of monitoring and controlling enterprise information stored on a cloud computing service (CCS) Patent (Patent # 9,928,377 issued March 27, 2018) - Justia Patents Search". https://patents.justia.com/patent/9928377.
- ↑ "Netskope raises $168.7M at a $1B+ valuation for its cloud security platform" (in en-US). http://social.techcrunch.com/2018/11/13/netskope-raises-168-7m-at-a-1b-valuation-for-its-cloud-security-platform/.
- ↑ 17.0 17.1 "Cloud security platform Netskope raises $340 million at $3 billion valuation" (in en-US). 2020-02-06. https://venturebeat.com/2020/02/06/cloud-security-platform-netskope-raises-340-million-at-3-billion-valuation/.
- ↑ "Exclusive: Cloud Securer Netskope Raises $170 Million, Sprouts 'Unicorn' Horn" (in en). https://fortune.com/2018/11/13/netskope-cloud-security-raise-million/.
- ↑ 19.0 19.1 Novinson, Michael (2020-02-06). "Cloud Security Firm Netskope Raises $340 Million To Fulfill Demand". https://www.crn.com/news/security/cloud-security-firm-netskope-raises-340-million-to-fulfill-demand.
- ↑ Schubarth, Cromwell. "Santa Clara cybersecurity unicorn hits nearly $3B valuation in $340M funding". https://www.bizjournals.com/sanjose/news/2020/02/06/netskope-funding-valuation.html.
- ↑ "#64 Netskope - Forbes Cloud 100" (in en). https://www.forbes.com/companies/netskope/.
- ↑ "Exclusive Networks signs distribution deal with NetSkope". 18 September 2020. https://www.techcentral.ie/exclusive-networks-signs-distribution-deal-with-netskope/.
- ↑ "Understand CASB technology before you buy" (in en). https://searchcloudsecurity.techtarget.com/feature/Understand-CASB-technology-before-you-buy.
- ↑ "Netskope for SaaS: CASB Product Review and Analysis". https://www.esecurityplanet.com/products/netskope-active-platform-casb.html.
- ↑ Intelligence, Global Business. "Netskope talk their Cloud Security platform via cases & comparisons | CISO Event". https://www.gbievents.com/blog/netskope-security-cloud-platform.
- ↑ 26.0 26.1 Lyons Hardcastle, Jessica (February 9, 2020). "Netskope CEO: Don’t Fall for SASE Washing". https://www.sdxcentral.com/articles/news/netskope-ceo-dont-fall-for-sase-washing/2020/02/.
- ↑ Lyons Hardcastle, Jessica (July 25, 2019). "Netskope Pushes Security to the Edge". https://www.sdxcentral.com/articles/news/netskope-pushes-security-to-the-edge/2019/07/.