Netskope Brings In $35 Million More As Cloud Security Competition Heats Up

TechCrunch

When it comes to understanding the profusion of applications employees are using to conduct business, IT departments are increasingly lost in the cloud.

Over the past several years a number of startups have cut through the fog created by this proliferation of tools to help workers do their jobs more efficiently — and leading the charge is Netskope, which just raised another $35 million.

The Series C round was led by Accel Partners, and included participation from previous investors Social+Capital Partnership and Lightspeed Venture Partners.

With the cash in hand, Netskope is going bring on more engineering talent to continue developing its suite of product offerings. The company hired its hundredth engineer recently and expects to grow its headcount to roughly 200 by the end of the year. In addition to expanding its research and development capabilities, the company will also look to enter Europe by the end of 2014…

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