Netskope is a software company that provides its customers with a security platform for computers. The company is an American-based operation that is making the news with its growth and significant contributions for protecting systems from outside threats. It's one of the top-ranked companies in its field. If you're not familiar with this company here are 20 things you probably didn't know about Netskope that you might find useful.
1. Netskope is a one-stop-shop for protection
According to Crunchbase, Netskope provides a suite of products and services that are fast in targeting security threats and risks to protect individuals and corporate websites and data systems. The software offers various deployment options for access control, encryption, anti-malware, incident management services on the club along with web traffic monitoring with enforcement of policies for data loss prevention.
2. Netskope is an American and Indian startup
Netskope was established in October of 2012. It has been in operation for nine years and is entering a more mature phase of development. The headquarters is based in Santa Clara, California. Although it is classified as an American company, it has a software development office that is located in Bangalore, India.
3. Netskope uses a complex array of technologies
The Netskope website uses 42 technologies actively to power its website. These technologies are distributed across 47 technology products. Some of them include Viewport Meta, Google Font API, Google Analytics, jQuery, HTML5, and numerous others. The website operates smoothly and safely providing visitors a seamless browsing experience.
4. The overhead for IT is high for Netskope
The technology products that Netskope actively uses to power its website are expensive. We learned that the company has a high budget for its IT products and service alone. The projected expense just for IT and technology products is an estimated $3 million. It's just the cost of doing business, but Netskope's IT budget is far higher than many other companies in similar industries.
5. Netskope maintains an edge over competitors
There is a high demand for the products and services that Netskope provides. Competition in the computer and systems security industry is fierce as many companies offer similar services. Netskope can maintain an edge over the rest because of its uniqueness in the industry. It has secured 42 registered patents in the electric communication technique category. In addition to this, Newtskope also has seven registered trademarks in the scientific and technological services category. These patents and trademarks ensure that no other companies can use their unique technologies or copy them legally. This is what helps them to stand out in a sea of cyber protection companies.
6. Netskope is experiencing monthly visitor growth
The number of monthly visitors that land on the Netskope page has increased over the past 30 days. The statistics that are maintained on the website show that there has been a growth rate of 40.36 percent, confirming that interest n the company and its products and services are increasing. A total of 165,635 people have visited the Netskope website in the last 30 days. This has resulted in Netskope's ranking as number 192,016 of the millions of websites registered on the worldwide web.
7. Netskope is the most popular in the United States
Most of the web traffic for Netskope comes from people living in the United States. Sixty-One percent are from this country with a monthly visits growth rate of 30.86 percent. fifteen percent of the web traffic comes from India with a growth rate of 148.68 percent. Ten percent come from Canada with a monthly growth rate of 62.82 percent. Three percent come from Malaysia with a 31.14 percent growth rate and three percent of visitors are from France.
8. Netskope is led by a team of 39 staff members
Netskope has listed 39 employee profiles as the leaders who get things done at the company. The core leadership team consists of 8 members. Sanjay Beri is a founder and chief executive officer. Krishna Narayanaswamy is a founder and chief scientist. Ravi Ithal is the chief architect and founder. Neil King is the head of IaaS Security. Nick Puez is the global vice president of customer success and services. Kevin Sapp is the senior director of product management. Anthony Johnson is the CSO, and head of network and security transformation. Jervis Hui is the head of product marketing.
9. Netskope is advised by an 8 member board of directors
There are 8 members on the board of directors for Netskope. Eric Wolford is a venture partner at Accel, with 1 portfolio company. He currently serves on 12 boards of directors in advisory roles. Enrique Salem joined the board in September of 2013. He is a partner at Bain Capital Ventures with 3 portfolio companies and 2 exits. Arif Joanmohamed joined the board in May of 2013. He is a partner at Lightspeed Venture Partners with 1 portfolio company. He currently serves on 13 boards of directors in advisory roles. Alan Cohan joined the board on August 1, 2013. He is a partner at DCVC with 3 portfolio companies and 2 exits. Alan Boehme joined as an advisor in 2013. He founded 1 organization and currently serves on the boards of 9 companies in advisory roles. Sanjay Beri joined the board on October 8, 2012. He is the founder and CEO of Netskope. He has founded 2 organizations and serves on 1 board. Ashvin Bachireddy joined the board in April 2017. He is a co-founding partner at Geodesic Capital. he has founded 1 organization and currently serves on 18 boards of directors in advisory roles. Raman Khanna is a board observer. He is a managing director at Dell Technologies Capital with 1 portfolio company. He currently serves on 14 boards of directors in advisory roles.
10. Netskope acquired Sift Security
Netskope is growing and expanding its operations. It purchased a company called Sift Security on July 12, 2018. Sift Security is a startup that specializes in security for big data, providing advanced analytics for its clients. The company was acquired as a subsidiary of Netskope and is still functional under its original name. The total funding received for Sift Security before the acquisition was $3.3 million.
11. Netskope acquired New Edge Labs
In June of 2019, Netskope made its second acquisition. It acquired a company called New Edge Labs. Plans for the acquisition were announced in June of 2019, and the transaction was completed on January 30, 2019. New Edge is a company that helps to secure access to cloud services. It is based in Silver Spring, Maryland.
12. Netskope has expanded its operations
According to Wikipedia, Netskope was initially founded in Santa Clara, California. Since its initial launch in 2012, the company has grown and expanded to other parts of the country as well as internationally. There is a software development facility for Netskope in Bangalore, India. There are also officers scattered throughout the world, including locations in St. Louis, New York, Redmond, San Francisco London, Leganes, Singapore, and Melbourne.
13. Netskope has four co-founders
Netskope is the joint effort of its four founders including Lebin Cheng, Sanjay Beri, Krishna Narayanaswarmy, and Ravi Ithal. Each is a dynamic business professional with a strong academic background and years of hands-on experience in the computer networking and protection industries. The solid foundation of wisdom and experience has helped Netskope to achieve its current high level of success in the industry.
14.Sanjay Beri is a strong leader
According to the official Netskope website, Netskope is a successful tech company that has four founders, some with impressive credentials. The current CEO and cofounder are Sanjay Beri. He has over twenty years of experience in the cloud, networking, and security industries. He was vice president and general manager of Juniper Networks before founding two companies including Ingrian Networks and Netskope.
15. Krishna Narayanaswamy contributes years of research experience
Krishna Narayanaswamy is a co-founder who is a respected researcher in behavioral anomaly detection, deep packet inspection, and security. He currently serves as the chief scientist for Netskope. Before launching the business with his partners, he attended the Birla Institute of Technology and Science, Pilani, and earned a bachelor's degree in electrical and electronics engineering. He continued his education at Rensselaer Polytechnic Institute earning his master's degree in computer and systems engineering.
16. Lebin Cheng is the Vice President of application engineering
Mr. Cheng is a third co-founder of Netskope who brings years of experience to the job. He currently serves as VP of application engineering. Before launching Netskope, he spent over twenty years n networking and information security engineering. He worked for McAfee, IntruVert, Hewlett-Packard, and VMware.
17. Ravi Ithal is a Purdue graduate
According to LinkedIn, Ravi Ithal attended the National Institute of Technology Karnataka, in his home country of India. He studied in the field of computer engineering and earned his bachelor's of engineering. He continued his education at Purdue University where he earned a master of science degree in computer science. He brings twenty years of experience to his job as founder and chief architect at Netskope. Before launching Netskope he was a founding engineer at Palo Alto Networks from 2006 through 2011. He also worked as an engineer at Juniper Networks from September of 2004 through April 2006. His first job out of college has as an engineer at Cisco from 2001 through 2004.
18. Netskope is a unicorn company
Not surprisingly, Netskope is listed as a member of elite companies that have achieved unicorn status. In February of 202, the valuation of Netskope was placed at nearly $3 billion. This is nearly three times the requirement to be listed as a unicorn operation, as the requirement for $1 billion has been exceeded. Remarkably, Netskope tripled its valuation within a short time of just fifteen months.
19. Netskope has a large Fortune 100 clientele
The products and services provided by Netskope are trusted by some of the largest companies in the world. The company has experienced a year-over-year growth rate in customer numbers of an average of 80 percent. This remarkable growth includes one-quarter of all of the listed Fortune 100 companies. Netskope has been named by Forbes as a leader in Gartner Magic Quadrant for Cloud Access Security Brokers on its Cloud 100 list. The growth and success of Netskope have been nothing short of phenomenal. The company recently signed a distribution deal with two major companies including Exclusive Networks and Cybersecurity in an arrangement that will increase the demand for Netskope's security platform.
20. Netskope is a privately held and funded enterprise
You won't find Netskope listed on any of the public exchanges because it's a privately owned company. Rather than take their chances by filing an IPO, they've opted for private venture capital funding. The initial round of funding raised $21 million, which helped them to produce their first security software products and offer them commercially. An additional $35 million was raised by Netskope in another round of VC funding in 2014, followed by expansion into New Zealand and Australia with the proceeds. This was followed by a venture capital round of funding led by ICONIQ Capital, bringing in another $75 million. This was just the beginning as investors were attracted to the company that begins to secure patents and trademarks on their products. Lightspeed Venture Partners led a funding round that raised an additional $100 million in 2017. Following the influx of cash, Netskope made a few acquisitions. In 2018, more patents followed with yet another funding round that raised $168.7 million. In 2020, Sequoia Capital Global Equities led another round of venture capital funding that brought in an additional $340 million. All told, Netskope has raised a total of $740 million in venture capital funding. This large amount of funding shows that investors have a high level of confidence in the company's likelihood of giving them a healthy return on the investments they've made.
Written by Allen Lee
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