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Netskope raises $340 million in funding, bring valuation to $3 billion - Business Insider

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The CEO of security startup Netskope says that a driving force behind its monster $340 million funding round was the chance to work with Sequoia Capital

Beri said the funds will be used to continue the company's rapid growth and invest in research and development. The goal is to make its security tools even better.

The reason the company is growing so rapidly Beri said, is because most older, legacy security companies aren't looking to solve these new security issues companies have. Another area Beri wants Netskope to focus on is sales expansion in order to get more customers, particularly overseas. Over the last year the company has expanded in many countries overseas, including Australia, Singapore, Chile, Brazil, and Germany.

 

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