devxlogo

Netskope surpasses $500 million in revenue

Netskope surpasses $500 million in revenue

Netskope revenue

Netskope, a leader in the Secure Access Service Edge (SASE) market, has announced a significant milestone, surpassing $500 million in annual recurring revenue (ARR). This achievement reflects the company’s robust growth and the increasing demand for advanced cybersecurity solutions. Netskope has surpassed $500 million in ARR and serves over 3,400 enterprises globally.

The adoption of the Netskope One platform has surged, showcasing the global shift towards integrated cybersecurity solutions. Over 30% of Netskope’s clients have incorporated SkopeAI, the company’s suite of AI and machine learning tools. Collaborations with global systems integrators, managed service providers, and leading tech companies such as Amazon Web Services, Google, and Microsoft have been pivotal to Netskope’s expansion.

Netskope received a Silver Medal from EcoVadis for its sustainability efforts and launched “Netskope for Good,” a program focusing on global humanitarian and environmental initiatives. Sanjay Beri, co-founder, and CEO of Netskope, reflected on the company’s journey: “Netskope was founded on the principle that effective enterprise security hinges on how well security and networking adapt to a cloud-first, AI-ready world. Our growth and customer success validate our approach and motivate us to continue innovating.” He added, “This milestone is just the beginning…

Netskope’s robust growth milestone

Our commitment to making SASE and zero trust adoption straightforward and effective remains unwavering. We are excited for the future and proud of our team, customers, investors, and partners.”

Netskope has steadily built a reputation for delivering cutting-edge security and network performance.

This is evidenced by several accolades:

Netskope was placed highest in “ability to execute” and furthest in “completeness of vision” in the Magic Quadrant for Security Service Edge for the second consecutive year. Netskope was named a leader in Forrester’s inaugural Wave report for Security Service Edge Platforms and IDC’s 2023 MarketScape reports for Security Service Edge (SSE) and Zero Trust Network Access (ZTNA). Netskope’s commitment to security and compliance is highlighted by key certifications, including the FedRAMP® High Authorization in the U.S., Protected B Certification in Canada, and the Information Security Registered Assessor Program (IRAP) assessment in Australia.

See also  AI reshapes business school curriculums globally

These certifications enable Netskope to expand its services globally to federal governments and public sector entities. Moreover, Netskope’s proprietary NewEdge infrastructure has positioned it as the first technology vendor to provide a localized SSE experience across 220 countries and territories, ensuring robust security worldwide. As the demand for reliable and scalable security solutions grows with the rise of work-from-anywhere models, Netskope’s comprehensive approach to SASE positions it well to lead the market in addressing these evolving needs.

With a solid customer base, technological innovation, and strategic partnerships, Netskope is poised for continued success and expansion in the cybersecurity landscape.

devxblackblue

About Our Editorial Process

At DevX, we’re dedicated to tech entrepreneurship. Our team closely follows industry shifts, new products, AI breakthroughs, technology trends, and funding announcements. Articles undergo thorough editing to ensure accuracy and clarity, reflecting DevX’s style and supporting entrepreneurs in the tech sphere.

See our full editorial policy.

About Our Journalist