Zscaler for cloud and AI security.

• Netskope One Platform: A unified, cloud-native platform that converges advanced security, modern networking, and deep analytics to secure and accelerate enterprise digital interactions.
• Cloud Security Services: These services, part of the Netskope One platform, provide profound contextual intelligence to protect sensitive data, stop threats, and ensure regulatory compliance.
• Modern Networking Services: Delivered through the global NewEdge network, these services accelerate digital interactions and provide seamless, high-performance access to applications without compromising security.

Netskope (NTSK) primarily sells its services to other companies (B2B).

The company does not explicitly name specific major customer companies in the provided description. Therefore, no specific customer company names or their stock symbols can be listed.

However, Netskope characterizes its customer base as:

• Some of the largest and most complex organizations around the world and across industries.
• As of July 31, 2025, more than 30% of the Fortune 100 companies.
• As of July 31, 2025, approximately 18% of the Forbes Global 2000 companies.

Sanjay Beri
Chief Executive Officer

Sanjay Beri is the Co-founder and CEO of Netskope, which he launched in 2012. He has over two decades of experience in the cloud, networking, and security industries. Before founding Netskope, he served as Vice President and General Manager of Juniper Networks' secure access business unit. Beri also co-founded Ingrian Networks, a database security company, in 1999, which was later acquired by SafeNet in 2003. He holds an MBA from the University of California, Berkeley, and a Master of Science in Electrical Engineering from Stanford University.

Drew Del Matto
Chief Financial Officer

Drew Del Matto brings over 25 years of experience in technology and finance to Netskope, with a strong background in the security and network markets and a focus on driving growth. His expertise includes scaling financial operations for high-growth companies. While the provided information does not explicitly state if he founded or sold other companies, or if he has a pattern of managing private equity-backed companies, his career has spanned various leadership finance roles in the tech industry.

Krishna Narayanaswamy
Chief Technology Officer

Krishna Narayanaswamy is a Co-founder and Chief Technology Officer at Netskope. He is crucial in shaping the company's technological vision and strategy, overseeing the development of cloud security solutions. His extensive background includes roles in engineering and system architecture at companies such as Juniper Networks, Top Layer Networks, and FORE Systems.

John Martin
Chief Product Officer

John Martin serves as the Chief Product Officer at Netskope, where he is responsible for the company's product strategy and innovation. He brings over 20 years of experience to Netskope, with a history of developing market-defining products in cloud-native, networking, and security domains. Prior to Netskope, Martin held leadership roles at Sysdig, Pindrop, Riverbed Technology, and NetApp.

Scott Hogrefe
Chief Marketing Officer

Scott Hogrefe is the Chief Marketing Officer at Netskope, specializing in driving the company's marketing strategy and enhancing brand visibility. His career includes significant roles at Productiv, Citrix, and Brocade, where he focused on product marketing and corporate communications. Hogrefe joined Netskope in August 2013 and has been instrumental in leading various marketing initiatives.

• Netskope faces a significant risk in its ability to continuously innovate and adapt its platform to keep pace with the rapidly evolving cybersecurity threat landscape and technological advancements, particularly in AI. The company operates in a dynamic digital environment where cyber adversaries increasingly leverage cloud and AI technologies to launch sophisticated and rapidly morphing attacks, such as ransomware and deepfakes. Netskope's value proposition is built on providing profound contextual intelligence to secure digital interactions with precision and stop threats. Failure to consistently develop and integrate new capabilities to counter these evolving threats and to support new technologies could undermine the efficacy of its platform, diminish its technology leadership, and negatively impact its competitive position and customer retention.

Netskope's unified solution, which converges advanced security and modern networking capabilities with deep analytics, addresses a global total addressable market projected to reach $138.9 billion by 2028, growing at a 16.8% compound annual growth rate (CAGR) from 2024 to 2028.

The company also projects the nascent global market opportunity for AI security to grow to $30.8 billion by 2028, contributing an incremental $9.9 billion to its estimated total addressable market by 2028.

Expected drivers of future revenue growth for Netskope (NTSK) over the next 2-3 years include:

• Growth in Customer Base and Expansion within Existing Accounts: Netskope has demonstrated strong customer acquisition, with a 21% year-over-year increase in customers as of July 31, 2025. Additionally, the company's dollar-based net retention rate (NRR) increased to 118% as of July 31, 2025, indicating that existing customers are increasing their spend with Netskope.
• Expansion into a Large and Growing Total Addressable Market, particularly AI Security: Netskope's unified solution addresses a total addressable market projected to reach $138.9 billion by 2028, growing at a 16.8% compound annual growth rate. A significant portion of this growth is expected from the nascent AI security market, which Netskope projects to grow to $30.8 billion by 2028, contributing an incremental $9.9 billion to its estimated total addressable market.
• Continuous Product Innovation and Platform Leadership: The company has invested in research and development to drive rapid innovation, leveraging its Netskope One platform to serve customer needs and strengthen its technology leadership. This focus on advanced security and networking capabilities, especially concerning cloud and AI interactions, is expected to attract new customers and deepen engagement with existing ones.
• Strategic Investment in Sales and Channel Partnerships: Netskope has expanded its salesforce and channel partners to pursue attractive growth opportunities both domestically and internationally. This investment aims to increase market penetration and customer reach, contributing to revenue growth.

Share Issuance

• Netskope completed its Initial Public Offering (IPO) on September 18, 2025, listing on the Nasdaq Global Select Market under the ticker symbol "NTSK".
• The company priced its IPO at $19.00 per share, selling 47,800,000 shares of Class A common stock.
• Including the full exercise of the underwriters' over-allotment option for an additional 7,170,000 shares, Netskope generated approximately $992.2 million in net proceeds from its IPO.

Inbound Investments

• In January 2023, Netskope raised $401 million through a convertible note.
• In 2021, the company raised $300 million in a funding round, valuing Netskope at $7.5 billion.

Outbound Investments

• Netskope acquired Kadiska in September 2023.
• In August 2022, Netskope acquired Infiot.
• Netskope acquired WootCloud in June 2022.

Capital Expenditures

• Netskope invests in its NewEdge global private cloud network, which includes more than 120 full-compute edge data centers in over 75 regions to deliver advanced security services.
• The company achieved its first full year of positive free cash flow in fiscal year 2026, generating $12.4 million, indicating significant prior investments.
• Netskope plans to achieve operating margin break-even by fiscal year 2028, leveraging fixed infrastructure investments and R&D cost advantages.