From the Wires
Netskope Named to Forbes 2018 Cloud 100
Company included in worldwide list of top 100 private cloud companies for second time
By: PR Newswire
Sep. 14, 2018 09:00 AM
LOS ALTOS, Calif., Sept. 14, 2018 /PRNewswire/ -- Netskope, the leader in cloud security, today announced that it has been named to the Forbes 2018 Cloud 100, the definitive list of the top 100 private cloud companies in the world. The annual list is published by Forbes in collaboration with Bessemer Venture Partners and Salesforce Ventures. Netskope previously appeared in the inaugural version of the list.
As part of the rigorous selection process for the Forbes 2018 Cloud 100, Bessemer Venture Partners and Salesforce Ventures received submissions from the top cloud startups. The Forbes Cloud 100 judging panel, including top public cloud company CEOs, reviewed the data to select, score and rank the top 100 cloud companies from all over the world. The evaluation process involved four factors: market leadership, estimated valuation, operating metrics, and people & culture.
"Enterprises and their employees have become increasingly mobile, are collaborating more freely, and are putting more of their data in the cloud than ever before. As data is stored in and traverses across SaaS, IaaS, and the web, businesses need a security cloud in place that is smart enough to fully address the challenges and risks created by this new way of working," said Sanjay Beri, founder and CEO, Netskope. "We founded Netskope to provide enterprises with the new security platform they needed to provide the most granular real-time visibility, policies, analytics and governance into all cloud and web transactions. This single, truly scalable security cloud gives our customers the ability to make informed decisions to improve their overall security posture. Today's recognition as one of the top cloud companies in the world validates our ability to provide this level of protection in ways that traditional legacy players cannot."
The Netskope Security Cloud helps the world's largest enterprises, including 25 percent of the Fortune 100, take full advantage of the cloud and web, eliminating blind spots by going deeper than any other security solution to quickly target and control activities across thousands of cloud services and millions of websites. With full visibility and control architected in one cloud, customers benefit from comprehensive data protection that guards data everywhere and advanced threat protection that stops elusive attacks.
"For the past three years, the Cloud 100 list has identified the top cloud companies that are reshaping their respective industries," said Alex Konrad, Forbes editor of The Cloud 100. "I am consistently impressed by the caliber of companies honored on the Cloud 100 list. It is an exciting time to a be a cloud company and founder."
"All of the twenty-five cloud IPOs and major cloud acquisitions over the past three years have been prior members of the Cloud 100, and we absolutely expect that the dominant public cloud companies of the future will also come from this list," said Byron Deeter, a top cloud investor and partner at Bessemer Venture Partners. "The 2018 Cloud 100 represents well over $135B in private shareholder value--an astonishing figure that reminds us yet again of the power of the cloud. The way we do business will be dramatically different as a result of these companies and I am honored to celebrate the remarkable accomplishments of the founders and teams behind each company on the 2018 Cloud 100."
"The business opportunity for cloud companies is tremendous today as capital investment, customer demand and rate of adoption continues to grow," said Matt Garratt, Managing Partner, Salesforce Ventures. "We're excited to see the potential of these companies and look forward to seeing what innovative technology they deliver around the world."
The Forbes 2018 Cloud 100 and 20 Rising Stars lists are published online at www.forbes.com/cloud100 and will appear in the September 2018 issue of Forbes magazine.
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