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

Netskope, a cybersecurity firm, is preparing for an initial public offering (IPO), following in the footsteps of Rubrik, another Lightspeed-backed company. Both Netskope and Rubrik have received backing from the venture capital firm Lightspeed. Netskope, founded 13 years ago, could be valued up to $6.5 billion in its upcoming IPO. Lightspeed's stake in the company is estimated to be worth $1.1 billion, reflecting the significant growth and success of the cybersecurity firm. The cybersecurity sector has seen increased demand for its services, driven by the rise in remote work and the growing need for robust data protection measures. Netskope's cloud-based security platform is designed to help organizations secure their cloud applications and data, a critical aspect of modern cybersecurity. The IPO of Netskope and Rubrik's recent public offering highlight the growing importance of cybersecurity in the tech industry. The successful fundraising and potential valuations of these companies underscore the investors' confidence in the long-term growth and resilience of the cybersecurity market.