Netskope Surpasses $500 Million in ARR, Captures Market Share as Demand for Unified SASE Platform Grows

Netskope, a leader in Secure Access Service Edge (SASE), has announced surpassing $500 million in annual recurring revenue (ARR) as global demand for its SASE platform, Netskope One, continues to grow rapidly.

Key Achievements and Milestones:

– Customer Growth: Netskope now serves over 3,400 customers worldwide, including 30 of the Fortune 100.
– Financial Milestone: The company exceeded $500 million in ARR, outpacing the broader SASE market.
– AI Capabilities: Over 30% of customers have implemented SkopeAI tools for data and threat protection.
– Industry Recognition: Netskope has been recognized as a leader by top technology analysts, including Gartner, Forrester, and IDC.
– Government Certifications: The company secured key certifications, such as FedRAMP® High Authorization in the U.S., Protected B Certification in Canada, and IRAP assessment in Australia.
– Global Reach: Netskope’s NewEdge infrastructure delivers localized SSE experiences in 220 countries and territories.
– Strategic Partnerships: Netskope has developed partnerships with major global integrators and tech companies like AWS, CrowdStrike, Google, and Microsoft.
– Awards:Netskope has been consistently featured on the Forbes Cloud 100 list, ranking highest among security and networking companies.
– Sustainability and CSR: Netskope earned a Silver Medal from EcoVadis and launched the Netskope for Good program.
– Executive Talent:The company recruited top executives from industry giants like AWS, Fortinet, Palo Alto Networks, and Verizon.

The rise of work-from-anywhere models has increased the need for secure and efficient access to SaaS, cloud, web, and private applications. Traditional technology architectures have struggled to meet these demands, leading organizations to seek out cloud-native, scalable solutions. As a result, the SASE market is projected to grow at a compound annual growth rate (CAGR) of 29%, reaching over $25 billion by 2027.

Netskope, a leader in SASE, SSE, and zero trust, addresses critical security and network performance challenges with its Netskope One platform. This unified solution helps organizations reduce risk, cost, and complexity by offering a fully converged SASE platform with a single engine, client, gateway, and network.

“Netskope was founded on the idea that protecting critical data depends on how well security and networking adapt to a cloud-first, AI-ready world,” said Sanjay Beri, co-founder and CEO of Netskope. “As cloud and SaaS adoption soared, businesses began changing their legacy technology stacks to reduce risks and costs. We anticipated the need for a converged platform, which is now known as SASE. We’ve inspired confidence in companies worldwide and are excited for what’s ahead.”

Beri added, “This is a significant period in Netskope’s journey. We’ve proven our model and customer win rate against larger tech companies. We remain committed to making SASE and zero trust adoption an easy experience for any organization. We are proud of our team, customers, investors, and partners, and very excited for what’s ahead.”