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.