In a statement cloud security firm Netskope said, it was valued at $7.5 billion in its latest funding round led by existing investor ICONIQ Growth, wherein it raised $300 million.

Other large existing investors of the company, including Accel, Lightspeed Venture Partners, Base Partners, Sequoia Capital Global Equities, Geodesic Capital, and Sapphire Ventures also participated in the funding round.

In February 2020, Netskope had raised $340 million in a late-stage funding round that was led by Sequoia Capital Global Equities; it was then valued at $3 billion.

The company’s platform provides protection from threats while accessing cloud services and websites.

It has more than 40 patents and over 1,000 employees.

Some of its high profile customers include Gilead Sciences, Allen & Co, Cleveland Clinic, and Levi Strauss & Co.