Cybersecurity and connectivity provider Netskope Inc. today filed paperwork for an initial public offering.
The company didn’t disclose the sum that it hopes to raise or its target valuation. Netskope was valued at $7.5 billion following its most recent funding round, a $300 million investment that closed in 2021. The software maker has raised more than $1.4 billion in total since launching.
Netskope’s flagship product is a SASE, or secure access service edge, platform called Netskope One. It provides a network that companies can use to establish connections between their data centers, cloud applications and other technology assets. Netskope One also protects those connections from cyberattacks.
The platform is powered by bare-metal servers deployed in more than 120 data centers worldwide, the company detailed in today’s IPO filing. Workers connect to Netskope’s infrastructure via a program called the NetSkope One Client that runs on their devices. It serves two functions: giving users access to business applications and detecting risky data use.
A management console enables administrators to limit which employee may access what workload. For added measure, NetSkope can isolate a company’s workloads from one another at the network level. That makes it more difficult for hackers to spread malware between systems.
Netskope One uses an artificial intelligence module called the Zero Trust Engine to spot malicious activity. It finds hacking attempts by analyzing data about the systems and users connected to the platform.
According to Netskope, its software can protect not only backend systems but also employee devices. Netskope One includes a browser based on Chromium, the software engine that underpins Chrome. The browser includes mitigations against common cyberattacks and allows administrators to disable features such as the clipboard.
Netskope’s IPO filing revealed that its platform is used by more than 4,300 organizations. Those customers generated $328 million in revenue for the company during the first half of 2025, 31% more than a year earlier. In the same time frame, Netskope’s loss declined by $37 million to $170 million.
After going public, the company plans to grow its market share by expanding its partner ecosystem and international presence. It will also explore potential acquisitions. Last year, Netskope bought a startup called Dasera Inc. that developed software for protecting business data from unauthorized access.
“I’ve always believed in ‘skating to where the puck is going,’ but on a grander scale and timeline,” co-founder and Chief Executive Officer Sanjay Beri wrote in the IPO filing. “We will continue to prioritize long-term success over short-term gains.”
Netskope plans to list its shares on the Nasdaq under the ticker symbol “NTSK.”
Image: Netskope
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