Netskope, a cloud-access security broker, has raised $100 million in Series E funding led by Lightspeed Venture Partners and Accel Partners. The company aims to enhance security for enterprises transitioning to the cloud, processing billions of transactions daily. Netskope's platform focuses on monitoring apps and devices to prevent breaches, highlighting the growing need for advanced security solutions as cloud usage increases. The funding will support the company's growth and development towards becoming a standalone security entity, with a potential IPO in the future.

Netskope, a cloud-access security broker, has raised $100 million in Series E funding led by Lightspeed Venture Partners and Accel Partners. The company aims to enhance security for enterprises transitioning to the cloud, processing billions of transactions daily. Netskope's platform focuses on monitoring apps and devices to prevent breaches, highlighting the growing need for advanced security solutions as cloud usage increases. The funding will support the company's growth and development towards becoming a standalone security entity, with a potential IPO in the future.