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- Cloud-based cybersecurity startup Netskope has crossed more than $500 million in annual recurring revenue and will focus on becoming profitable with no immediate plan to go public this year, its CEO told Reuters.
A source close with the matter said it would take about 18 to 24 months for Netskope - one of the highest-valued cybersecurity startups - to get ready for an IPO. The focus is to continue to invest in security products and grow the platform while trying to become cash flow positive"in the near term", Beri said.
The Santa Clara, California-based company has raised over $1.4 billion to date from investors, including most recently $401 million in convertible notes led by Morgan Stanley Tactical Value.
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