Netskope surpasses $500 million in ARR

Netskope surpasses $500 million in ARR

More than 30 of the Fortune 100 have adopted Netskope One platform capabilities.


Mumbai  – Netskope has announced significant updates on its business momentum, as global demand for Netskope One, its industry-leading SASE platform, grows at an even faster pace than the broader cybersecurity market.

Among many notable achievements helping fuel its growth, Netskope’s company accolades and financial milestones to this point include the following:

●    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

●    Surpassed $500 million in annual recurring revenue (ARR) at scale, with growth outpacing the SASE market

●    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

●    Recognized by all of the world’s top technology analyst firms for leadership in Security Service Edge (SSE), the security stack that powers SASE, including:

  •        Recognized by Gartner® in the 2024 Magic Quadrant™ for Security Service Edge. Placed both highest in ability to execute and furthest in completeness of vision for the second year in a row
  •        Cited as a Leader in the inaugural Forrester Wave™ report for Security Service Edge Platforms (2024)
  •        Named a Leader in SSE and Zero Trust Network Access (ZTNA) by IDC in 2023 MarketScape reports

●    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 and more