Netskope has raised new capital to expand the benefits of its technology.

Link copied

11:30 | 10 January 2023

Netskope has raised new capital to expand the benefits of its technology.

Global cybersecurity leader Netskope last week raised $401 million in convertible bonds to expand the benefits of its technology.

Debt financing was provided by Morgan Stanley Tactical Value, Goldman Sachs Asset Management, Ontario Teachers’ Pension Plan and CPP Investments.

The company last held a Series H funding round in which it raised $300 million in 2021. At the time, its valuation was $7.5bn.

Netskope was founded in 2012 by Sanjay Beri, Lebin Cheng, Ravi Ithal and Krishna Narayanaswamy, and launched its first open source security software in October 2013.

It is worth noting that Netskope co-founder and CEO Sanjay Beri previously mentioned an interest in making the company public, and convertible bonds, in turn, tend to be one of the precursors to this event, as the latter are automatically converted into equity at predetermined points, such as when the company held an IPO.

In its recent press release to CRN magazine, Netskope said it was also planning to “expand its strategic go-to-market activities” in SASE and that it was “actively recruiting with open positions in all teams worldwide”.

“Our vision from day one was that traditional networks and security perimeters would be transformed and that users, data and devices would move beyond the enterprise network perimeter and require a new approach to security,” said Sanjay Beri.

#Netskope #VC #IPO #News

Uncategorized

19:11 | Apr 05, 2024

Toncoin enters top 10 crypto by market capitalization, overtakes Avalanche

Toncoin, The Open Network’s native cryptocurrency token, has once again entered the list of the 10 most significant coins by […]

Uncategorized

16:21 | Mar 04, 2024

Bitcoin Tops $65K as Bullish Bets Climb to Record High

The largest cryptocurrency is now just 5% away from its 2021 high in U.S. dollar terms, having already reached records […]

Hereby "Global Venture Partners s.r.o." notifies that it carries out its activities in accordance with paragraph 1 of article 15, the law on investment companies and investment funds of 19.06.2019. Listed in the ZISIF § 15 para. 1 asset management list managed by the CNB in accordance with § 596 (1) CRR. (F) ZISIF.

IČO: 08241473. LEI: 5493003MKEWYLZ837883...
This information on the site is not an individual investment recommendation, and the financial instruments or transactions mentioned in this material may not correspond to your investment profile, financial situation, investment experience, investment goals. Determining the compliance of a financial instrument or transaction with investment objectives, investment horizon and risk tolerance is the task of the investor
Venture fund Global Venture Partners s.r.o. is not responsible for possible losses of the investor in case of investing in the financial instruments mentioned in this material and does not recommend using the specified information as the only source of information when making an investment decision.
* The Venture Fund does not provide guarantees regarding the reliability and accuracy of the information provided, none of the assumptions contained in this material can be interpreted as a guarantee of investment reliability, income stability and possible benefits associated with management methods or the choice of specific financial instruments. The value of investment products may increase and decrease, the results of investing in the past do not determine future income, the company does not guarantee the profitability of investments in investment funds. All information about the profitability (value gain) of the product managed by Global Venture Partners s.r.o. are quoted excluding commissions and taxes. Charging a commission will reduce the return on investment in investment products. Before purchasing an investment product, you should carefully read the rules of trust management for this product. Services for transactions with foreign securities are available to persons who are qualified investors in accordance with applicable law and are performed in accordance with the restrictions established by applicable law.

Show

Hide