Netskope secures $168m series F funding to further accelerate enterprise cloud security

Cloud access security broker (CASB) Netskope has announced the close of a series F funding round of $168.7 million (£130.5m) to ‘further cement [its] position as the leader in accelerating security transformation throughout the enterprise’, in the company’s words. The funding round was led by existing investor Lightspeed Venture Partners – whose interests in the cloud security space have included Datrium and Zscaler – alongside investment from Accel, Base partners, Geodesic Capital, Iconiq Capital, Sapphire Ventures and Social Capital. CEO Sanjay Beri argued in a blog post following the announcement how, without security transformation, digital transformation will fail – and how Netskope is best placed to fulfil organisations’ needs.