"Our goal has always been to build a long-lasting business that outlasts all of us," Sashi Narahari, founder and CEO of HighRadius, says in the news release. The company has over 600 customers, including more than 200 of the Forbes Global 2000. For instance, HighRadius' Cash Application software relies on AI to comb through documents like emails and invoices to automatically match incoming payments with customer accounts. HighRadius' AI-powered SaaS offering streamlines accounts-receivable and cash-management processes. The HighRadius website listed 16 job openings as of March 30, with 10 of them in Houston. ![]() It employs more than 1,000 people around the world. HighRadius, based in West Houston, was founded in 2006. In the fundraising world, a unicorn refers to a startup valued at $1 billion or more. The $300 million funding round comes nearly 15 months after HighRadius announced it raised $125 million in a Series B round that catapulted it to unicorn status. In a news release, HighRadius says it will spend the money to fuel product development and expand its global reach. D1 Capital is among Airtable's investors. Howie Liu, co-founder and CEO of Airtable, a cloud-based collaboration platform based in San Francisco.D1 Capital and Tiger Global are investors in Procore. Tooey Courtemanche, CEO of Carpinteria, California-based Procore Technologies, which produces software for management of construction projects.Michael Scarpelli, chief financial officer of Snowflake.Both D1 Capital and Tiger Global invested in Snowflake, which went public in September. Frank Slootman, chairman and CEO of Snowflake, a cloud-computing company based in San Mateo, California.Also contributing to the round were four high-profile entrepreneurs: ![]() D1 Capital Partners and Tiger Global Management led the round, with participation from existing investors ICONIQ Growth and Susquehanna Growth Equity. On March 30, HighRadius, a software-as-a-service (SaaS) business, reported it raised a $300 million Series C round of funding that values the company at $3.1 billion. – J– Netskope, the SASE leader, today announced that the company has closed a new $300 million investment round led by existing investor ICONIQ Growth.Houston's first "unicorn," fintech company HighRadius, is growing up fast. Following this significantly oversubscribed investment round, Netskope has achieved a post-money valuation of $7.5 billion.Ĭontinued investment in Netskope from premier investors further validates the company’s exceptional team, vision, track record of strong global execution, and opportunity to continue its rapid gaining of share in the fast-growing CAGR market which analysts estimate to be a $30 billion total addressable market by 2024, with cloud security CAGR growth estimated to exceed 30% over the next several years.Īlso participating in this latest funding round were all other major existing Netskope investors, including Lightspeed Venture Partners, Accel, Sequoia Capital Global Equities, Base Partners, Sapphire Ventures, and Geodesic Capital. Netskope will continue to aggressively expand both its platform and go-to market amidst its hypergrowth to meet the strong demand for its market-leading Secure Access Service Edge (SASE) architecture.Ĭybercrime is increasing at an alarming rate. As enterprises transform their legacy IT infrastructure and move applications and data to the cloud, security needs to transform as well. Netskope’s cloud-native SASE architecture also includes NewEdge, the world’s fastest-growing and most-connected private cloud, which enables fast and secure access from any location to data, applications, and websites wherever they reside.Īs Gartner notes in its 2021 Strategic Roadmap for SASE Convergence, “by 2024, 30% of enterprises will adopt cloud-delivered SWG, CASB, ZTNA, and branch office firewall-as-a-service capabilities from the same vendor, up from less than 5% in 2020.”* Netskope’s Security Cloud delivers a comprehensive, cloud-native SASE platform of technologies that enable secure enterprise digital transformation and secure remote connectivity using integrated Zero Trust Network Access (ZTNA), Secure Web Gateway (SWG), and Cloud Access Security Broker (CASB) capabilities. 2 of the world’s 4 largest commercial banks.Today, among more than 1,500 worldwide customers, Netskope serves: Netskope’s approach to SASE and Zero Trust cloud architecture has seen rapid adoption by enterprises and governments all over the world, and has been repeatedly recognized by analysts and customers for its strengths in CASB, SWG, and ZTNA.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |