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Cloud Securer Netskope Raises $170 Million, Sprouts 'unicorn' Horn

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Netskope, a cybersecurity firm that specializes in “cloud” security, has raised $169 million in a new round of venture capital funding. The deal vaults Netskope into the so-called unicorn club, a burgeoning class of startups with private valuations of $1 billion or more. Sanjay Beri, Netskope’s CEO and cofounder, and the company’s lead investor, Lightspeed Venture Partners, confirmed to Fortune that Netskope’s valuation now exceeds $1 billion, but they declined to reveal the exact figure. “An IPO is definitely on our trajectory,” Beri said on a call with Fortune while acknowledging that he has no timeline for such a filing.

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