Cloud Security

Netskope receives $300M from backers

July 9, 2021
Network security startup Netskope announced it has raised $300 million in a late-stage funding round resulting in a valuation of $7.5 billion for the company, according to SiliconANGLE.

Netskope provides SASE cybersecurity services through a security engine powered by a cloud-based system called NewEdge, which leverages machine learning to detect web pages with malicious code and to prevent pages from engaging tracking systems or launching advertisements. The company's offering also enables user administrators to prevent or limit access to users who fail to fulfill defined cybersecurity conditions; for example, requiring use of a company-issued device to be able to log in to an organization's accounting system, or allowing them to sign in on a personal device but prohibit downloading of data.

Netskope's software also allows organizations to handle security risks on unmanaged accounts, such as detecting when an employee accidentally uploads sensitive company information into their personal Dropbox account and preventing the file transfer.
Jill Aitoro

SC Media Editor in Chief Jill Aitoro has 20 years of experience editing and reporting on technology, business and policy. She also serves as editorial director at SC Media’s parent company, CyberRisk Alliance. Prior to joining CRA, she worked at Sightline Media as editor of Defense News and executive editor of the Business-to-Government Group. She previously worked at Washington Business Journal and Nextgov, covering federal technology, contracting and policy, as well as CMP Media’s VARBusiness and CRN and Penton Media’s iSeries News.

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