Netskope has surpassed $500 million in annual recurring revenue (ARR) for its Secure Access Service Edge (SAS) solution. The company says global demand for Netskope One, its SASE platform, is growing at a faster pace than the broader cybersecurity market.
Some updates from the company:
- Grew customer base to over 3,400 customers worldwide, including 4 of the 5 largest Fortune 500 financial services companies, 4 of the 6 largest Fortune 500 healthcare companies, 4 of the 5 largest Fortune 500 telecommunications companies, and 2 of the 4 largest Fortune 500 retail companies that have adopted Netskope One capabilities
- Delivered critical AI capabilities in data and threat protection, safe enablement of generative AI applications, and numerous other areas, with more than 30% of Netskope customers having already fully implemented tools from SkopeAI, the suite of AI and machine learning solutions applied throughout the Netskope One platform
- Earned key authorizations and certifications to do business with federal governments and public sector entities around the world, including securing the stringent FedRAMP High Authorization in the United States, Protected B Certification in Canada, and the Information Security Registered Assessor Program (IRAP) assessment in Australia
- With its proprietary NewEdge infrastructure, became the first technology vendor in the world to deliver a localized SSE experience to 220 different countries and territories, including every non-embargoed United Nations member state
- Developed and has continued 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
- Honored with countless industry awards, including a steady climb up the influential Forbes Cloud 100 list over seven years and counting, and ranked highest (#12) among security and networking companies in the most recent list (2023)
- Demonstrated ongoing commitment to critical environment, social, and governance initiatives, including a Silver Medal in recognition of its sustainability achievement from EcoVadis, the world’s largest and most trusted provider of business sustainability ratings
- Launched Netskope for Good, a companywide program dedicated to supporting humanitarian and environmental sustainability work around the globe
- Recruited top executives from Amazon Web Services, Fortinet, Palo Alto Networks, Verizon, etc
“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. “We correctly anticipated that a converged, optimized platform approach would be needed to accomplish this, an opportunity now known as SASE. We have inspired confidence in companies all over the world that are adopting Netskope.”