SECURITY NEWS
Netskope surpasses $ 500 million in annual recurring revenue , continues to gain market share
Netskope , a provider in Secure Access
Service Edge , SASE , announced significant updates about its business momentum , as global demand for Netskope One , its industry-SASE platform , grows at an even faster pace than the broader cybersecurity market .
Netskope surpassed $ 500 million in annual recurring revenue , ARR at scale , with growth outpacing the SASE market . It grew its customer base to over 3,400 customers worldwide . 30 % of Netskope customers have already implemented tools from SkopeAI , the suite of AI and machine learning solutions applied throughout the Netskope One platform . Netskope has been recognised by technology analyst firms for leadership in Security Service Edge , SSE , the security stack that powers SASE .
Netskope has developed and has continues to grow numerous successful go-to-market partnerships , including with major global systems integrators and managed services providers such as BT , Deloitte , Orange , Telefónica , Telstra , Wipro , and more , and critical alliance partners such as Amazon Web Services , CrowdStrike , Google , Microsoft , Mimecast , Okta , ServiceNow , and more .
Work-from-anywhere models create expectations of easy , performant access to the SaaS , cloud , web , and private applications needed to run a productive business . But the associated surge in security threats and performance challenges have stressed legacy technology architecture to the point of ineffectiveness .
As a result , organisations are seeking cloud-native , simple , and scalable solutions that stop threats , prevent unauthorised access to apps and data , and guarantee network performance . Teams are increasingly choosing SASE architecture to accomplish those objectives ; Gartner estimates the SASE market will expand at a compound annual growth rate , CAGR of 29 %, reaching over $ 25 billion by 20272 .
As a validated provider in SASE , SSE , and zero trust , Netskope helps organisations address their most critical cloud , SaaS , web , and private application security needs as well as their most persistent network performance challenges , all at once .
The Netskope One platform enables both security and infrastructure and operations , I & O teams to reduce risk , cost , and complexity as the only fully converged SASE offering that can deliver these capabilities using one engine , one client , one gateway , and one network .
“ Netskope was founded on the idea that the entire enterprise strategy for protecting critical data from threats depends on how well security and networking adapt to a cloud-first , AI-ready world . Sure enough , as cloud and SaaS app adoption soared , businesses began changing their unreliable legacy technology stacks to reduce risks , lower costs , and implement modern architecture ,” said Sanjay Beri , Co-founder and CEO , Netskope .
Added Beri , “ This is a significant period in Netskope ’ s journey , and it ’ s only the beginning of what we know we can achieve . We ’ ve proven our model and our customer win rate against much bigger technology companies , and we ’ ve maintained our unwavering commitment to make SASE and zero trust adoption an easy experience for any organisation . We are so proud of our team , our customers , our investors , and our partners , and very excited for what ’ s ahead .”
Sanjay Beri , Co-founder and CEO , Netskope
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