Netskope follows Rubrik as a rare cybersecurity IPO, both backed by Lightspeed

Netskope, a SASE-focused cloud cybersecurity company, is preparing an IPO targeting a valuation of up to $6.5B with a $15–$17 price range, backed by major investors including Lightspeed (19.3%), ICONIQ (19.2%), and Accel (~9%). The report outlines Netskope’s competitive landscape (Zscaler, Palo Alto Networks), financials (H1 revenue $328.5M; net loss narrowed to $169.5M), recent funding (2021 Series H; 2023 convertible note), and situates the listing amid broader trends of cybersecurity startups debuting below peak private valuations while some tech IPOs have recently surged.