Netskope follows Rubrik as a rare cybersecurity IPO, both backed by Lightspeed

Cybrian security is a huge sector, but startups in this GO PUBLIC category are likely to be obtained. Even WIZ, which for a period of time won the title of the fastest growing emerging company, gave up the ambiguity ambitions when it agreed to the sale to Google earlier this year.

In the past few years, there have been a few huge cybersecurity such as Sentinelone in 2021, and Robrick last year.

Next week, the sector is expected to add another public company: Netskope cloud security security platform. The 13 -year -old startup also shares the oldest and largest investor with Rubrik: Lightspeed Venture Partners.

The large Silicon Valley company had 23.9 % of Rubrik when it was announced at $ 6.6 billion last year. In the case of Netskope, LightSpeed ​​owns 19.3 % of the company that aims to achieve an evaluation of up to $ 6.5 billion, according to the updated S1 report.

LightSpeed ​​First Netskope supported in 2013, where the company’s chain of $ 21 million B. led.

The company set the public subscription price between $ 15 and $ 17 per share, and at the upper end of this range, its value will be 6.5 billion dollars, giving the LightSpeed ​​Whip about $ 1.1 billion in terms of the value of its share.

Among the main investors in Netskope are the growth of ICONIQ, which has 19.2 % of the company’s shares, followed by ACCEL with a share of about 9 %.

Netskope is known as the safe Access Service Edge (SASE). It provides cybersecurity to the institution’s cloud infrastructure, with products such as safe web gates and protection wall as a service. The company’s main competitors are ZSCaler and Palo Alto networks.

Its value reached the last 7.5 billion dollars, when the H series raised 300 million dollars led by an icon in 2021, the Zirp era. It also took $ 401 million in transferred in 2023.

But this capital injection was not enough to get Netskope to profitability. In the first half of the year, Netskope’s revenues grew to 328.5 million dollars from $ 251.3 million a year ago. During that time, its net loss narrowed to 169.5 million dollars from 206.7 million dollars, as the deposit appears.

If Netskope is announced with a rate of $ 6.5 billion, the company will be among a number of VC -supported companies that appeared for the first time in evaluating the final private market.

Other companies that have been published without their latest assessments include resonance and articulated health. But not all the new lists are confronted with caution. Some subscriptions have increased modern subscriptions, such as Figma and Circle, on the first day of trading.