Cybersecurity Firm Netskope Files for IPO Showing Revenue Rise

Netskope Inc., a cloud security provider, filed for a US initial public offering, disclosing growing revenue and shrinking losses.

The Santa Clara, California-based company had net loss of $169.5 million on revenue of $328.5 million for the six months ended July 31, compared with net loss of $206.7 million on revenue of $251.3 million in the corresponding period a year earlier, according to a filing with the US Securities and Exchange Commission on Friday.

Founded in 2012, the company’s cloud-native Netskope One platform incorporates artificial intelligence models to help companies protect customers from threats and keep sensitive data secure, ...