SANTA
CLARA, Calif., Aug. 6, 2024
/PRNewswire/ -- Netskope, a leader in secure access service
edge (SASE), today announced that it has been named one of the top
cloud innovators in the Forbes Cloud 100 for the eighth consecutive
year. Published by Forbes, in partnership with Bessemer Venture
Partners and Salesforce Ventures, the Forbes Cloud 100 list is the
definitive ranking of the top 100 private cloud companies in the
world. Netskope is repeatedly recognized by customers, analysts,
and industry bellwethers as one of the world's most important
security and networking and cloud providers. In the 2024 Forbes
Cloud 100, Netskope is ranked #15 overall, among the top ranked
security and networking companies.
Hybrid work preferences have driven record adoption of software
as a service (SaaS) and cloud applications in business, but the
associated surge in security threats, increased use of artificial
intelligence (AI), and challenges preserving network performance
have stressed legacy technology architecture to the point of
ineffectiveness. As a result, organizations now seek cloud-native,
simple, and scalable solutions, such as SASE and Security Service
Edge (SSE), that can stop threats, prevent unauthorized access to
apps and data, and guarantee network performance.
Gartner® estimates the SASE market will reach over $25 billion by 2027, expanding at a compound
annual growth rate (CAGR) of 29%1. Netskope
is outpacing that growth rate as organizations increasingly adopt
Netskope One SASE platform capabilities to operate safely, securely
and optimally in the cloud. The world's top technology analysts,
including Gartner, IDC and Forrester, continuously validate
Netskope as a leader in SASE, SSE and zero trust, helping
organizations address their most critical cloud, SaaS, web, and
private application security needs as well as their most persistent
network performance challenges, all at once.
"We built Netskope to reinvent the entire enterprise strategy
for protecting critical data from threats and ensure the safe
adoption and usage of cloud, SaaS, web, and private
applications—all while optimizing performance," said Sanjay Beri, co-founder and CEO of Netskope.
"With hybrid work environments, AI, and other future-state needs,
enterprises seek cloud-native security and networking solutions
that offer simplicity, scale, and performance from a single, modern
SASE platform. We're honored to once again be recognized by the
Forbes Cloud 100, and are proud of the wide-ranging industry
recognition that further underscores our innovation and commitment
to our customers."
This latest Forbes Cloud 100 ranking follows a series of
Netskope milestones over the past year, further solidifying
Netskope's place among the top technology companies shaping the way
enterprises are modernizing their technology. Over the past 12
months, Netskope has achieved:
- Continued Growth
- Netskope Surpasses $500 Million
in ARR: With a growing customer base of over 3,500 customers
worldwide, including several Fortune 500 companies, In June 2024, Netskope announced it surpassed
$500 million in annual recurring
revenue as more and more enterprises are adopting Netskope's
market-leading unified SASE Platform.
- Continued Market Recognition
- Gartner recently recognized Netskope as a Leader in the
2024 Magic Quadrant for Single-Vendor SASE, and the corresponding
Critical Capabilities report identified Netskope as the only vendor
to appear as one of the top three scoring vendors in each Use Case,
in addition to receiving the highest score for the Zero Trust
Platform Use Case and the highest aggregate score across all Use
Cases.
- This recognition comes fresh off of the company being named for
the third year in a row as a Leader in the 2024 Magic Quadrant
for SSE, where Netskope was once again named as the highest Ability
to Execute and to be furthest in Completeness of Vision.
- In addition, Netskope was recognized as a Leader and had
the highest score in the Current Offering category in The Forrester
Wave™: Security Service Edge Platforms, Q1 2024 report.
- Continued Platform Expansion and Enhancement
- SaaS Security Enhancements to Netskope One: Netskope
announced new enhancements to the platform's already
industry-leading Cloud Access Security Broker (CASB) module with
additional features designed for generative AI and SaaS
collaboration.
- SASE Tailored for the Midmarket: Netskope expanded its
single-vendor SASE family to offer an MSP-friendly SASE solution,
created specifically for the needs of the midmarket. Netskope today
offers the most complete range of single-vendor SASE options that
align to the requirements of different business sizes.
- SkopeAI: Netskope's suite of AI and machine learning (ML)
innovations deliver modern data protection and cyber threat
defense, overcoming the limitations of conventional security
technologies and providing protection using AI-speed techniques not
found in products from other SASE vendors.
- Global and Seamless Localized Experience: Netskope became the
first industry vendor able to deliver SSE globally with a seamless,
localized experience for over 220 countries and territories thanks
to a NewEdge footprint that now includes more than 200 Localization
Zones and full-compute data centers in over 75 regions.
For the ninth consecutive year, the Cloud 100 reviews
submissions from hundreds of cloud startups and private companies
each year. The Cloud 100 evaluation process involved ranking
companies across four factors: market leadership, estimated
valuation, operating metrics, and people & culture. For market
leadership, the Cloud 100 enlists the help of a judging panel
of public cloud company CEOs who assist in evaluating and ranking
their private company peers.
"For nine years, the Forbes Cloud 100 list has recognized the
leading private cloud companies in the world, from AI to work
software, infrastructure to security," said Alex Konrad, the Forbes editor of the Cloud 100.
"This year's list is the strongest group of standouts yet, with
revenue, valuations and growth that will eventually make for
historic IPOs."
The Forbes 2024 Cloud 100 is published online at
www.forbes.com/cloud100. Highlights of the list will appear in the
August/September 2024 issue of
Forbes magazine.
To learn more about Netskope visit: www.netskope.com, and follow
Netskope on LinkedIn, Instagram, and X (formerly Twitter).
Gartner Disclaimer
Gartner, Forecast Analysis: Secure Access Service Edge,
Worldwide, Nat Smith, Neil MacDonald, et al, 10
October 2023.
Gartner, Magic Quadrant for Security Service Edge, Charlie
Winckless, Thomas Lintemuth,
Dale Koeppen, 15 April 2024.
Gartner, Magic Quadrant for Single-Vendor SASE, Andrew Lerner, Neil
MacDonald, Jonathan Forest,
Charlie Winckless, 3 July 2024.
GARTNER is a registered trademark and service mark of Gartner,
Inc. and/or its affiliates in the U.S. and internationally, Magic
Quadrant is a registered trademark of Gartner, Inc. and/or its
affiliates and is used herein with permission. All rights
reserved.
Gartner does not endorse any vendor, product or service depicted
in its research publications and does not advise technology users
to select only those vendors with the highest ratings or other
designation. Gartner research publications consist of the opinions
of Gartner's Research & Advisory organization and should not be
construed as statements of fact. Gartner disclaims all warranties,
expressed or implied, with respect to this research, including any
warranties of merchantability or fitness for a particular
purpose.
About Netskope
Netskope, a global SASE leader, helps
organizations apply zero trust principles and AI/ML innovations to
protect data and defend against cyber threats. Fast and easy to
use, the Netskope One platform and its patented Zero Trust Engine
provide optimized access and real-time security for people,
devices, and data anywhere they go. Thousands of customers trust
Netskope and its powerful NewEdge network to reduce risk and gain
unrivaled visibility into any cloud, web, and private application
activity—providing security and accelerating performance without
trade-offs. Learn more at netskope.com.
Media Contact:
press@netskope.com
1 Gartner Research: Forecast
Analysis: Secure Access Service Edge, Worldwide, Nat Smith, Neil
MacDonald, et al, 10 October
2023.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/netskope-named-a-top-company-for-8-straight-years-in-forbes-cloud-100-302215666.html
SOURCE Netskope