Skyhigh Networks offers a CASB platform with a broad feature set—including 12 functional blades such as encryption, data loss prevention, user behavior analytics, and contextual access control—and supports reverse‑proxy, forward‑proxy, and API deployment modes. The company highlights technology leadership with three CASB patents, FedRAMP compliance, and ISO 27018 certification. Skyhigh serves over 600 enterprise customers and protects some 30 million end users, including 40% of the Fortune 500. The company plans to use recent funding to accelerate go‑to‑market investments and extend its leadership in the cloud security market. Management says the new financing and valuation increase will carry the company through to profitability. Skyhigh is headquartered in Campbell, Calif., and was launched in February 2013. Skyhigh Networks builds cloud-security SaaS products designed to secure enterprises' use of cloud applications and services. The company positions itself as creating a new product category within cloud security, arguing its tools will be broadly applicable as cloud adoption grows. Skyhigh says it has more than 200 customers and reported revenue growth of 362% since 2013 (the CEO indicated the actual figure may be larger). Management plans to deploy the new capital primarily into sales, marketing, and international expansion to accelerate growth. The company is led by CEO Rajiv Gupta and is focused on rapidly expanding market share in a space driven by increasing employee control of devices and services. Skyhigh frames its opportunity as expanding alongside the broader growth of cloud applications. Skyhigh Networks builds a platform that discovers, analyzes and enforces control over the cloud services employees use. It ingests existing logs and proxy data, maintains a registry of roughly 2,600 services (adding about 500 every six weeks), and scores each service across 30 criteria. For analysis the company runs a Hadoop infrastructure; for control it uses a reverse proxy and services routed through its data centers. The platform enforces IT policies and offers fine-grained controls such as encryption and access control to remediate abnormalities and surface subscription cost savings. Skyhigh positions itself at the intersection of BYOD and the proliferation of cloud services and offers functionality with aspects similar to Splunk while competing with security providers. The company is about 18 months old and will use the new funding primarily for sales, marketing, and engineering.

Total raised

$100M

Funding rounds

3

Latest round

Series D

Latest activity

Sep 2016