It has, however, notably only taken external capital in recent years. Today, the HighRadius platforms for order-to-cash and treasury management help more than 600 clients, including more than 200 of the Forbes Global 2000, “optimize their working capital.”įounded in 2006, HighRadius may not technically be a “startup” in the literal sense of the word. Since our founding in 2013, ICONIQ Growth has partnered with visionary entrepreneurs who drive global impact and change regardless of where they are. J Netskope, the SASE leader, today announced that the company has closed a new 300 million investment round led by existing investor ICONIQ Growth. HighRadius said it will use the new capital “to fuel product innovation and expand global go-to-market reach.”Īt the beginning of 2020, HighRadius had more than 400 customers, including over 200 of the Forbes Global 2000 such as Walmart, Nike and Procter & Gamble, and claimed to process more than $1 trillion in transactions per year. Highlights unprecedented global demand for digital transformation and Netskope’s market-leading SASE, Zero Trust, and cloud security solutions SANTA CLARA, Calif. With this latest financing, HighRadius has raised $475 million in funding.Įxisting backers ICONIQ Growth and Susquehanna Growth Equity also participated in the round along with a slew of high-profile CEOs, including Snowflake Chairman and CEO Frank Slootman Snowflake CFO Michael Scarpelli Procore Technologies CEO Tooey Courtemanche and Airtable co-founder and CEO Howie Liu. The round values Houston-based HighRadius at $3.1 billion, triple its valuation of “more than $1 billion” at the time of its $125 million Series B in January of 2020. We believe Netskope is the technology leader and category-defining platform in CASB, SWG, Private Access (Zero Trust Network Access) and the broader SASE market.HighRadius, which has developed AI-powered fintech software, announced Tuesday it has raised $300 million in a Series C funding round led by D1 Capital and Tiger Global. These customers collectively represent more than 30 of the Fortune 100 and some of the world’s largest airlines, commercial banks, healthcare providers, and telcos. For these reasons and others, over 1,500 global enterprises choose to partner with Netskope as their preferred SASE platform. We often heard about Netskope’s “cutting edge technology,” as well as its “innovative product roadmap” and “SASE leadership”. Reflecting on this past year, we are thrilled to share ICONIQ Growth’s 2021 Year in Review, highlighting many exciting milestones achieved by our portfolio companies and our team that we are. We share Netskope’s ethos of listening to the voice of the customer, so we asked global chief information security officers (CISOs), chief information officers (CIOs), network architects and security analysts the value of Netskope. Year after year, we have been continually impressed by Netskope’s ever-expanding product capabilities and the visibility it provides into the opacity of the cloud. Starting at every cloud access point-from the individual contributor to the CISO and CEO-Netskope has the ability to not only provide real-time awareness of cloud security health but deliver actionable measures that can prevent catastrophic security threats. While the cloud adds layers of security vulnerabilities, Netskope serves as a steel backbone to protect and secure enterprises through capabilities like Advanced Analytics, Cloud Access Security Broker (CASB), Secure Web Gateway (SWG), Private Access (Zero Trust Network Access), Public Cloud Security and more. We at ICONIQ Growth are thrilled to expand our partnership as the lead investor in Netskope’s latest $300M financing round, announced today.įor modern enterprises, the cloud is increasingly considered the essential scaffolding for any company’s success. Netskope’s story is one that truly humbles us and also highlights the best part of our roles-to partner with product-focused founders in supporting their growth and mission to build category-defining companies. The company has evolved the best-of-breed and feature-rich CASB (Cloud Access Security Broker) of its early years into an enterprise-grade, end-to-end cybersecurity cloud platform. Their entrepreneurial journey has been guided by the needs and voice of the customer. CHICAGO, NEW YORK, LONDON and HONG KONG, Janu Enfusion, a global leader in investment management technology solutions and services, announced that it has received a 150 million minority investment from ICONIQ Growth. When we first met Sanjay and the Netskope team in 2015, we were immediately inspired and enamored by what they were building to transform cloud security. We were proud to invest in the company in 2015 and have been thrilled to support the company in every financing since as they build out the leading global SASE (Secure Access Service Edge) platform for the modern enterprise cloud. Sanjay Beri, Netskope’s Founder and CEO, has had a vision since inception to build a generational cybersecurity platform from the ground up while always staying focused on the long-term horizon.
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