Netskope builds new data centre in Tel Aviv

From: RegTech Analyst

Cloud security company Netskope is expanding its Netskope NewEdge network with a new data centre in Tel Aviv.

The Israeli expansion is aimed at boosting NewEdge infrastructure in the region. This means offering improved performance for Netskope services, single-digit millisecond latency, and improved uptake for Israeli-headquartered companies and multinational customers in Tel Aviv.

“Since the Tel Aviv data centre went live, average latency from in-region users to NewEdge has been reduced to less than 5ms,” said Jason Hofmann, VP of Platform Architecture and Services at Netskope. “This translates into faster downloads, quicker page load times, plus overall improved cloud and SaaS application performance. NewEdge is by far the world’s highest-performing security private cloud network and this roll-out exemplifies how Netskope is bringing its data protection and security services to every corner of the globe.”

Netskope most recently raised $340m in a funding round in February, which put its valuation to nearly $3bn.

Sequoia Capital Global Equities led the round and marked its first investment into Netskope. Other first-time backers to join the round include Canada Pension Plan Investment Board and PSP Investments participated.

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