Recent news New social media apps rise from the ashes of Twitterĭrastic changes to the social media platform Twitter rarely go down users well. The oversubscribed insider investment was led by ICONIQ Growth, which was joined by other existing investors, including Lightspeed Venture Partners, Accel, Sequoia Capital Global Equities, Base Partners, Sapphire Ventures and Geodesic Capital. When the term DevOps was first introduced in 2009, many agree that it led to a major shift in the way we look. Netskope, focused on Secure Access Service Edge architecture, announced Friday a 300 million investment round on a post-money valuation of 7.5 billion. Lacework: Cross-pollinating security is DevOps nectar Netskope, a Santa Clara, Calif.-based Secure Access Service Edge (SASE) company, raised 300m in funding. Now that a preliminary version of the AI Act has been approved, AI developers can begin to get their models r. Research: ‘Foundation models largely non-compliant with AI Act’ Teams received improvements in June which reduce the number of clicks, provide more overview and make convers. Teams goes for compactness and cuts clicks in June The Web analytics tool Google Analytics 3 (aka Universal Analytics) is on its way out. The EU slaps Meta, Google and Microsoft with multi-million dollar fines. Its platform is used by 20% of all commercial Office 365 traffic globally.īig Tech and the politics can’t live without each other The web traffic from an employee’s device to a company’s cloud service goes directly through NewEdge, where Netskope’s data protection and login management features carry out the relevant cybersecurity procedures to ensure the safe transfer of files. To deliver these capabilities, it uses NewEdge, a new cloud-based system that acts as an intermediary between employee devices and business applications. Netskope simplifies operations by allowing its users to purchase these capabilities from one provider rather than three different companies. We are fortunate, and our destination is to be the most impactful cybersecurity company in the world.” How does Netskope manage its platform? He goes on to say that, “Having a continued strong balance sheet isn’t a bad thing. Major existing Netskope investors such as Lightspeed Venture. The fact of the matter is that they could have raised all that in one go this time around, but the CEO believes they simply don’t require additional capital. Netskope announced on Friday that the company closed a new 300 million investment round led by existing investor ICONIQ Growth. To date, Netskope has raised more than $1billion in funding. The company raised $340 million last February for a valuation of almost $3 billion, and before that, they aced a $168 million round. In this new round, Netskope continues to surpass expectations. The co-founder and CEO of Netskope, Sanjay Beri, firmly believes that what they’ve built is only made possible by cloud-centric, digital-first capabilities legacy approaches to security simply won’t cut it anymore. So it’s no wonder that this round of funding was really an oversubscribed insider investment directed by ICONIQ Growth and joined by other investors. The Netskope platform is already used by more than 1500 companies globally, including 30+ Fortune 100 organizations. Its services include helping employees securely log into work applications, blocking malicious websites as employees surf the web, and securing files to and from corporate accounts. Netskope is a rising cybersecurity platform that competes in the SASE (Secure Access Service Edge) segment. Some of its high-profile customers include Nvidia Corp, Gilead Sciences Inc, Cleveland Clinic and Levi Strauss & Co.The latest funding round for the cloud security startup was led by ICONIQ Growth with participation from Accel and Sequoia Capital Global Equities. The company had raised $340 million in a late-stage funding round led by Sequoia Capital Global Equities in February last year, which valued the company at $3 billion. It has more than 40 patents and over 1,000 employees. Netskope was founded by engineers who had previously worked at security and networking companies such as Palo Alto Networks, Juniper Networks, Cisco and VMware, its website showed. As enterprises transform their legacy IT infrastructure and move applications and data to the cloud, security needs to transform as well," Netskope said in a statement. Netskope Inc. "Cybercrime is increasing at an alarming rate. The COVID-19 pandemic also forced companies to shift to a remote working model, driving demand for cloud security measures. ![]() Also, about 61% of malware is delivered from the cloud.īusinesses globally are battling to protect their data-rich computers from cyber crime and there are no signs such costly attacks will stop anytime soon. According to a Netskope threat report, around 53% of web traffic is related to cloud activity as more businesses move online.
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