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

November 14, 2018 / James Bourne

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. Legacy cyber security vendors have reacted to this [cloud] shift by acquiring companies and cobbling together disparate architectures and products in an attempt to present customers with a ‘unified&rsquo...