![]() “It's been a great journey along the way, from building very small companies from nothing to very large to in the middle to many different places. ![]() When his company was acquired by Safenet, he went to work for McAfee for short stint and then later for Juniper Networks for 8 years before setting out on his own again with the founding of Netskope. Along the way, Beri got his MBA at Berkley on weekends. “I actually started my first company Ingrian Networks with a professor out of Stanford, Dan Boneh. He's actually one of the most renowned, security cryptographers in the world and is a co-director of the Stanford Computer Security Lab,” says Beri. He continued the process of working and then graduated from the University of Waterloo and then wound up in Silicon Valley when he attended Stanford for his MS in electrical engineering. ![]() “I started at Microsoft in the early nineties and worked on the first version of Microsoft Office,” says Beri. He then moved to Seattle when he was 19, pulled up in a bus, suitcase in hand looking for Microsoft. “I worked there for about eight months then I went to University, and the beauty of my university was I left every four months to go work,” says Beri. “I love to build and change industries,” says Beri who is a first-generation Canadian who grew up in Toronto and began working in IT at the age of 16 to pay for college. When people choose us, they look at us as the strategic platform, which is their new on-ramp to the internet,” says Beri. And in that edge is the ability to protect those users. You're still going to be milliseconds away to our edge. If you're an enterprise, your users could be anywhere. We are about 15 milliseconds away from anybody in the world. Today, Netskope is growing fast, services a quarter of the Fortune 100, has over 1,300 employees and has attracted over $740 million in venture capital on a valuation of $3 billion from the likes of Sequoia, Lightspeed, Accel and others. “We're the world's most connected security network in the world. “I kind of want to know, for example, did that guy go to and dump the entire contact list two weeks before he left the company, upload it to his personal Dropbox and then share it with a competitor.” And with Netskope, you can, according to Beri. It would stop people from putting your data at risk,” says Beri. It would find your data it would stop people from stealing. We are fortunate to be in that situation, and our destination is to be the most impactful cybersecurity company in the world.īeri said the company just completed a “three-year journey building the largest cloud network that is 15 milliseconds from anyone in the world,” and intends to invest the new funds into continued R&D, expanding its platform and Netskope’s go-to-market strategy to meet demand for a market it estimated would be valued at $30 billion by 2024, he said.Įven pre-pandemic the company had strong hypergrowth over the past year, surpassing the market average annual growth of 50%, he added.Netskope would develop a solution that didn’t involve hardware that sat in corporate campuses and branches, and instead build a security system built in the cloud that had data protection at its core. “However, having a continued strong balance sheet isn’t a bad thing. “The reality is we could have raised $1 billion, but we don’t need more capital,” he added. Similar to other rounds, the company was not actively seeking new capital, but that it was “an inside round with people who know everything about us,” Beri said. Prior to that, it was a $168.7 million round at the end of 2018. With this new round, Netskope continues to rack up large rounds: it raised $340 million last February, which gave it a valuation of nearly $3 billion. “The theory is that digital transformation is inevitable, so our vision is to transform that market so people could do that, and that is what we are building nearly a decade later.” “What we had before in the market didn’t work for that world,” he said. Netskope co-founder and CEO Sanjay Beri told TechCrunch that since its founding in 2012, the company’s mission has been to guide companies through their digital transformation by finding what is most valuable to them - sensitive data - and protecting it.
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