With the advent of cloud security Netskope has announced another major financial initiative praised the company for more than double the amount previously paid.
The new round puts $ 7.5 billion in value to the company, up from about $ 3 billion earlier in February 2020. According to an announcement Friday, the startup has raised $ 300 million in total.
ICONIQ growth led to a recent round, with other businesses including Lightspeed Venture Partner, Accel, Sequoia Capital Global Equities, Base Partner, Sapphire Ventures, and Geodesic Capital taking part.
Netskope provides access to software, data and the internet for companies. Its top two groups are funders and medical companies.
Netskope has to grow with new money. In addition to manufacturing to find in the past, the company also wants to reach 1,700 by the end of the year from 1,400.
As the COVID19 epidemic forced businesses to allow their employees to work remotely, the business of the security companies grew, while the demand for digital security soared.
Sanjay Beri, co-founder, and CEO of the company has revealed that startup sales grew by more than 50% last year and were used by 30 per Fortune 100.
It seems that women are pouring more and more money into security measures. CBInsights also reported that the investment in these companies increased to $ 12.5 billion in the first half of this year, exceeding the total amount raised in the whole of 2020.
The recent shootings of JBS producers and another large oil pipeline Colonials have emphasized the need for the safety of all businesses.
According to ICONIQ Capital Partner Ben Bernstein, companies are expanding their operations in the cloud, therefore, which requires greater security and protection of the data provided by Netskope in the proliferation of remote operations.