Cybersecurity
Cyber Startup Netskope Raises $340 Million in Funding Round
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Netskope Inc., a cloud-based cybersecurity startup, has raised $340 million in a funding round led by Sequoia Capital Global Equities, boosting the company’s valuation to almost $3 billion.
Netskope, started in 2012, makes software that helps protect cloud services, apps and websites from cyberthreats. In addition to Sequoia, other new investors were the Canada Pension Plan Investment Board and PSP Investments, Santa Clara, California-based Netskope said Thursday in a statement. Existing investors Lightspeed Venture Partners, Accel, Sapphire Ventures, Iconiq Capital and others also participated in the round.