Netskope, which provides cloud security solutions for enterprises, filed on Friday with the SEC for an initial public offering that we estimate could raise $500 million.
Netskope One is a unified, cloud-native platform that uses a unique architecture with a converged security, network, and analytics technology stack that runs on the company's NewEdge global private cloud network, comprised of more than 120 full-compute edge data centers in more than 75 regions. The platform leverages proprietary AI models to detect, classify, track, and control sensitive data, stop threats, and improve digital experience. As of July 31, 2025, Netskope had over 4,300 customers.
The Santa Clara, CA-based company was founded in 2012 and booked $616 million in revenue for the 12 months ended July 31, 2025. It plans to list on the Nasdaq under the symbol NTSK. Netskope filed confidentially on April 28, 2025. Morgan Stanley, J.P. Morgan, BMO Capital Markets, TD Securities, Citizens JMP, Mizuho Securities, Wells Fargo Securities, and Deutsche Bank are the joint bookrunners on the deal. No pricing terms were disclosed.
