Netskope Joins Rubrik in Rare Cybersecurity IPO Backed by Lightspeed
Netskope follows Rubrik as a rare cybersecurity IPO, both backed by Lightspeed, marking a big moment for cloud security.
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Netskope Joins Rubrik in Rare Cybersecurity IPO Backed by Lightspeed
Netskope follows Rubrik as a rare cybersecurity IPO, both backed by Lightspeed Cybersecurity startups rarely take the IPO path, but Netskope follows Rubrik as a rare cybersecurity IPO, both backed by Lightspeed . The cloud security firm is set to go public next week, marking another milestone for Lightspeed Venture Partners after Rubrik’s market debut last year. Image Credits:Traitov / Getty Images While the cybersecurity market is booming, most startups in the sector opt for acquisitions. Even Wiz, once the fastest-growing security startup, sold to Google instead of pursuing an IPO. That’s why Netskope’s decision to list is drawing so much attention. Lightspeed’s Double Bet on Cybersecurity IPOs Lightspeed Venture Partners has now backed two rare cybersecurity IPOs in consecutive years. The firm owned nearly 24% of Rubrik when it went public at a $6.6 billion valuation in 2024. For Netskope, Lightspeed holds a 19.3% stake, with an expected valuation of up to $6.5 billion, according to its …
