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Cybersecurity Firm Netskope Surges 30.7% in First Half of 2026
22 Aug
Summary
- Netskope's revenue surged 30.7% in the first half of fiscal year 2026
- Netskope plans to raise over $500 million in its upcoming IPO
- Netskope's major clients include Qualcomm, BMO, and Home Depot
In a significant development, cybersecurity firm Netskope has disclosed a 30.7% surge in revenue during the first half of fiscal year 2026. The company, based in Santa Clara, California, is now gearing up for a potential September listing, as the fall IPO window shapes up to be a busy one.
Netskope's upcoming IPO is expected to raise more than $500 million and value the company at over $5 billion. The company has already filed its paperwork with the U.S. Securities and Exchange Commission, joining a string of corporate issuers lining up to go public after the seasonal summer slowdown.
Netskope's client base spans from some of the world's largest enterprises to mid-sized companies, including mobile chip designer Qualcomm, Canadian bank BMO, and home-improvement chain Home Depot. The company provides cloud-based security software that helps protect apps, websites, and data from cyber threats.
In 2021, Netskope raised $300 million at a $7.5 billion valuation in a funding round led by investment firm ICONIQ Growth. The company's major backers also include venture capital firms Lightspeed Venture and Accel.
