Netskope raises $21 m funding

 Netskope, the cloud app analytics and policy company has raised $21 million in funding from The Social+Capital Partnership and Lightspeed Venture Partners, a company official told Deccan Herald.

The company will use the $21 million in funding primarily for sales expansion and product development to meet growing market demand.

“Netskope enables organisations to embrace cloud apps by delivering a solution that makes those apps safe, compliant and high performance. The company will be exhibiting and presenting next week at Gartner Symposium/ITxpo October 6-10 in Orlando, Florida,” Netskope Advisor Alok Kothari said.

Netskope has set up an office in Bangalore and has close to 35 employees and contractors.
“Cloud apps are the inevitable future because they let people go fast and work flexibly.

Up until now, IT couldn't embrace cloud apps because they couldn’t see what apps were running, what people were doing in them, or enforce policies,” said Sanjay Beri, CEO, Netskope. “We created Netskope to eliminate the catch-22 between being agile and being secure.”

The early Netskope team has authored an aggregate of more than 50 patents related to application identification, network acceleration, deep packet inspection, and security architectures.

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