SASE Provider Netskope Files to Go Public

SASE Provider Netskope Files to Go Public

UPDATED 19:15 EDT / AUGUST 22, 2025

Cybersecurity and connectivity provider Netskope Inc. today filed paperwork for an initial public offering (IPO). The company didn't disclose the sum that it hopes to raise or its target valuation. However, following its most recent funding round, which closed in 2021 with a $300 million investment, Netskope's valuation stood at $7.5 billion. Since launching, the software maker has raised more than $1.4 billion in total.

The platform that powers Netskope's flagship product, Netskope One, is a SASE (Secure Access Service Edge) platform designed to establish connections between data centers, cloud applications, and other technology assets. It provides a network that protects these connections from cyberattacks.

Netskope One uses an artificial intelligence module called the Zero Trust Engine to spot malicious activity by analyzing data about systems and users connected to the platform. The 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. According to Netskope, its software is used by more than 4,300 organizations. In the first half of 2025, those customers generated $328 million in revenue for the company, representing a 31% increase from the same period last year.

The company's loss declined by $37 million to $170 million during the same time frame. After going public, Netskope 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., which 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."