Netskope Raises $35 Million to Help Enterprises Put Shadow IT to Work


Netskope, the leader in cloud app analytics and policy enforcement, announced that it closed a $35 million Series C funding round led by Accel Partners. Existing investors Lightspeed Venture Partners and The Social+Capital Partnership also participated in this round. 



LOS ALTOS, Calif. – May 15, 2014 – Today, Netskope, the leader in cloud app analytics and policy enforcement, announced that it closed a $35 million Series C funding round led by Accel Partners. Existing investors Lightspeed Venture Partners and The Social+Capital Partnership also participated in this round. Funds will be used to accelerate research and development, sales, support and marketing efforts to meet growing market demand for its solutions that help CIOs enable cloud app usage in a smart and economical way. Eric Wolford, Partner at Accel Partners, and well-respected industry and tech luminary who was most recently President of Riverbed Technologies, will join the Netskope Board. This latest investment brings Netskope’s total funding to $56.4 million. 

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Netskope is the cloud app analytics and policy company. Only Netskope eliminates the catch-22 between being agile and being secure and compliant by providing complete visibility and enforcing sophisticated policies in cloud apps.