Netskope

Netskope

Cloud security solutions for enterprises

About Netskope

Simplify's Rating
Why Netskope is rated
B
Rated C on Competitive Edge
Rated A on Growth Potential
Rated B on Rating Differentiation

Industries

Cybersecurity

Company Size

1,001-5,000

Company Stage

N/A

Total Funding

$1.4B

Headquarters

Santa Clara, California

Founded

2012

Overview

Company Historically Provides H1B Sponsorship

Netskope provides cloud security solutions specifically designed for large enterprises that are transitioning to cloud-based systems. Their products focus on securing data and protecting against threats in cloud environments. The main offerings include real-time data protection, secure access service edge (SASE) solutions, and advanced threat detection and response capabilities. Unlike many competitors, Netskope emphasizes a data-centric approach, prioritizing the protection of data itself rather than just the network or devices. The company operates on a subscription model, allowing clients to access its suite of tools and services, which helps them secure their digital operations. The goal of Netskope is to assist organizations in safely navigating their digital transformation journeys.

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Simplify's Take

What believers are saying

  • Increased demand for cloud security due to rising phishing attacks in 2024.
  • Partnership with Microsoft enhances Netskope's position in the SSE market.
  • Acquisition of Dasera strengthens data security posture management capabilities.

What critics are saying

  • Phishing attack success rates tripled in 2024, posing risks to clients.
  • Integration with Microsoft's Entra Suite may lead to dependency risks.
  • Growing use of personal cloud apps increases security vulnerabilities.

What makes Netskope unique

  • Netskope offers a global security private cloud with edge computation capabilities.
  • Focuses on data-centric security, protecting data rather than just networks or devices.
  • Provides comprehensive SASE solutions, integrating security and networking seamlessly.

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Funding

Total Funding

$1402.2M

Above

Industry Average

Funded Over

9 Rounds

Convertible funding comparison data is currently unavailable. We're working to provide this information soon!
Convertible Funding Comparison
Coming Soon

Benefits

Remote Work Options

Flexible Work Hours

Growth & Insights and Company News

Headcount

6 month growth

-1%

1 year growth

1%

2 year growth

0%
Netskope
Jan 15th, 2025
Innovation in Action at the Annual Global Engineering Hackathon

In December 2024, Netskope hosted its fourth annual Global Engineering Hackathon, continuing a tradition that began in 2021.

PR Newswire
Jan 7th, 2025
Netskope Threat Labs: Phishing Clicks Nearly Tripled In 2024, Ubiquitous Use Of Personal Cloud Apps And Genai Tools Require Modern Workplace Security To Mitigate Risk

New research details rising enterprise cloud security risks, successful strategies adopted to manage genAI risks in 2024SANTA CLARA, Calif., Jan. 7, 2025 /PRNewswire/ -- Netskope, a global leader in Secure Access Service Edge (SASE), today shared new research showing that, as a result of the growing prevalence and sophistication of phishing attacks, enterprise employees click on phishing lures nearly three times more in 2024 compared to the prior year. The findings, based on data gathered by Netskope from enterprises worldwide, and published as part of Netskope's annual Cloud & Threat Report , reveal growing security risks related to the persistent use of personal cloud apps and continued adoption of genAI tools in the workplace, underscoring the need to adopt modern data security to proactively manage that risk.Phishing lures triple in success rateDespite organizations' repeated attempts at security awareness training, with a particular emphasis on how employees can avoid being phished, in 2024 enterprise users clicked on phishing lures at a rate nearly three times higher than in 2023. More than eight out of every 1,000 users clicked on a phishing link each month – up 190% from last year when fewer than three per thousand enterprise users fell prey to phishing attempts.Where attackers host their malicious payloads is also an element of social engineering. Attackers want to host malicious content on platforms where victims place some implicit trust, including popular cloud apps such as GitHub, Microsoft OneDrive, and Google Drive. In 2024, downloads of malicious content from popular cloud apps occurred in 88% of organizations at least once per month.The top target for phishing campaigns that users clicked on in 2024 were cloud applications, representing more than a quarter of all phishing clicks at 27%

IT Brief
Nov 27th, 2024
Macquarie Government expands partnership with Netskope

Macquarie Government expands partnership with Netskope.

Security Brief Asia
Nov 27th, 2024
NetWitness enhances cybersecurity with AI & SASE updates

NetWitness has unveiled a significant update to its cybersecurity platform with the release of version 12.5 - introducing a range of enhancements designed to improve threat detection, response, and investigation.

PR Newswire
Nov 20th, 2024
Netskope Partners With Microsoft To Offer Enterprise Customers Advanced Sse Capabilities

Seamless integration combines flexibility and best-in-class security with Netskope One SSE to create a comprehensive data protection posture. SANTA CLARA, Calif., Nov. 19, 2024 /PRNewswire/ -- Netskope, a leader in Secure Access Service Edge (SASE), today announced the extension of its partnership with Microsoft to provide advanced Security Service Edge capabilities to enterprise customers seeking to converge web, SaaS, and private application security into a single platform. Microsoft chose Netskope as its lead partner to deliver industry-leading Netskope One SSE integrated capabilities directly into the in-product experience of Microsoft Entra Suite. As enterprises leverage Netskope together with Microsoft's product offering, this integration streamlines operations and processes for security practitioners, delivers and preserves a high-quality end user experience, and simplifies administration for customers that require complete SSE capabilities

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