{"id":317717,"date":"2025-08-25T11:26:24","date_gmt":"2025-08-25T18:26:24","guid":{"rendered":"https:\/\/www.saastr.com\/?p=317717"},"modified":"2025-08-26T16:59:00","modified_gmt":"2025-08-26T23:59:00","slug":"the-latest-b2b-ipo-is-netskope-and-its-fire-700m-arr-growing-33-the-next-ipos-will-be-even-better","status":"publish","type":"post","link":"https:\/\/www.saastr.com\/the-latest-b2b-ipo-is-netskope-and-its-fire-700m-arr-growing-33-the-next-ipos-will-be-even-better\/","title":{"rendered":"The Latest B2B IPO is Netskope.  And it&#8217;s Fire.  $700m ARR, Growing 33%.  The Next IPOs Will Be Even Better."},"content":{"rendered":"<h3><span style=\"text-decoration: underline;\">The latest tech IPO to file is another cybersecurity software leader &#8230; and it&#8217;s a really, really good one<\/span>.\u00a0 Netskope.<\/h3>\n<p>\ud83d\udcc8 $707M ARR (+33% YoY)<br \/>\n\ud83d\udcb0 $538M revenue (+32% YoY)<br \/>\n\ud83c\udfe2 4,317 customers (+21% YoY)<br \/>\n\u2b50 30%+ of Fortune 100 as customers<br \/>\n\ud83d\udcca 118% net retention rate<br \/>\n\ud83c\udf0d 120+ data centers globally<br \/>\n\ud83c\udfaf $139B market opportunity<\/p>\n<p>and from -42% to +3% operating cash flow margin in 6 months!<\/p>\n<p>It doesn&#8217;t get too much better.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter size-full wp-image-317718 lazyload\" data-src=\"https:\/\/i0.wp.com\/www.saastr.com\/wp-content\/uploads\/2025\/08\/netsck-scaled.jpg?resize=773%2C1000&#038;quality=70&#038;ssl=1\" alt=\"\" width=\"773\" height=\"1000\" data-srcset=\"https:\/\/www.saastr.com\/wp-content\/uploads\/2025\/08\/netsck-scaled.jpg 773w, https:\/\/www.saastr.com\/wp-content\/uploads\/2025\/08\/netsck-480x621.jpg 480w\" data-sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) 773px, 100vw\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" style=\"--smush-placeholder-width: 773px; --smush-placeholder-aspect-ratio: 773\/1000;\" \/><noscript><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter size-full wp-image-317718\" src=\"https:\/\/i0.wp.com\/www.saastr.com\/wp-content\/uploads\/2025\/08\/netsck-scaled.jpg?resize=773%2C1000&#038;quality=70&#038;ssl=1\" alt=\"\" width=\"773\" height=\"1000\" srcset=\"https:\/\/www.saastr.com\/wp-content\/uploads\/2025\/08\/netsck-scaled.jpg 773w, https:\/\/www.saastr.com\/wp-content\/uploads\/2025\/08\/netsck-480x621.jpg 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) 773px, 100vw\" \/><\/noscript><\/p>\n<div>\n<div class=\"grid-cols-1 grid gap-2.5 [&amp;_&gt;_*]:min-w-0\">\n<h2 class=\"text-xl font-bold text-text-100 mt-1 -mb-0.5\">Company Overview<\/h2>\n<p class=\"whitespace-normal break-words\"><strong>Netskope<\/strong> is a cloud security platform founded in 2012 by CEO Sanjay Beri that redefines security and networking for the cloud and AI era. The Santa Clara-based company provides unified Security Service Edge (SSE) and Secure Access Service Edge (SASE) solutions through its &#8220;Netskope One&#8221; platform.<\/p>\n<p class=\"whitespace-normal break-words\"><strong><span style=\"text-decoration: underline;\">What they do<\/span>:<\/strong> Secure and accelerate digital interactions for enterprises by providing real-time contextual visibility and control over web, cloud, SaaS, AI, and private applications. Think of it as the security layer that sits between users\/devices and all their digital destinations.<\/p>\n<p class=\"whitespace-normal break-words\"><strong><span style=\"text-decoration: underline;\">Key competitors<\/span>:<\/strong> Zscaler, Palo Alto Networks, Fortinet, Cisco, Broadcom<\/p>\n<p class=\"whitespace-normal break-words\"><strong><span style=\"text-decoration: underline;\">Market position<\/span>:<\/strong> Gartner Magic Quadrant Leader in Security Service Edge (2022-2025) and SASE Platforms (2024-2025)<\/p>\n<p class=\"whitespace-normal break-words\"><strong><span style=\"text-decoration: underline;\">IPO details<\/span>:<\/strong> Filed August 22, 2025 | Expected late September 2025 | Ticker: $NTSK (NASDAQ) | Morgan Stanley &amp; J.P. Morgan leading<\/p>\n<hr class=\"border-border-300 my-2\" \/>\n<h2>5 Interesting Learnings:<\/h2>\n<h2 class=\"text-xl font-bold text-text-100 mt-1 -mb-0.5\">#1. Still Accelerating at $700M+ ARR: The 30%+ Rule at $500M+ ARR.\u00a0 Key:\u00a0 Customers Buy 3-5+ Products.<\/h2>\n<p class=\"whitespace-normal break-words\"><strong><span style=\"text-decoration: underline;\">The Metric<\/span>:<\/strong> 33% ARR growth at $707M ARR scale<\/p>\n<p class=\"whitespace-normal break-words\">Most SaaS companies hit the &#8220;law of large numbers&#8221; wall around $300-500M ARR. Netskope just proved you can <em>accelerate<\/em> at massive scale:<\/p>\n<ul class=\"[&amp;:not(:last-child)_ul]:pb-1 [&amp;:not(:last-child)_ol]:pb-1 list-disc space-y-1.5 pl-7\">\n<li class=\"whitespace-normal break-words\">$531M \u2192 $707M ARR (33% growth)<\/li>\n<li class=\"whitespace-normal break-words\">$407M \u2192 $538M revenue (32% growth)<\/li>\n<li class=\"whitespace-normal break-words\">Revenue growth actually <em>accelerated<\/em> from 31% to 33% QoQ in recent quarters<\/li>\n<\/ul>\n<h4><span style=\"text-decoration: underline;\"><strong>Importantly &#8212; 35% of their customers buy 5 or more products, and 72% buy 3 or more.<\/strong><\/span><\/h4>\n<p class=\"whitespace-normal break-words\"><strong><span style=\"text-decoration: underline;\">The Learning<\/span>:<\/strong> With true product-market fit and expanding TAM, the growth ceiling is higher than we thought.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter size-full wp-image-317720 lazyload\" data-src=\"https:\/\/i0.wp.com\/www.saastr.com\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-24-at-8.35.19-PM-scaled.png?resize=1000%2C499&#038;quality=70&#038;ssl=1\" alt=\"\" width=\"1000\" height=\"499\" data-srcset=\"https:\/\/www.saastr.com\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-24-at-8.35.19-PM-scaled.png 1000w, https:\/\/www.saastr.com\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-24-at-8.35.19-PM-980x489.png 980w, https:\/\/www.saastr.com\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-24-at-8.35.19-PM-480x240.png 480w\" data-sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) and (max-width: 980px) 980px, (min-width: 981px) 1000px, 100vw\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" style=\"--smush-placeholder-width: 1000px; --smush-placeholder-aspect-ratio: 1000\/499;\" \/><noscript><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter size-full wp-image-317720\" src=\"https:\/\/i0.wp.com\/www.saastr.com\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-24-at-8.35.19-PM-scaled.png?resize=1000%2C499&#038;quality=70&#038;ssl=1\" alt=\"\" width=\"1000\" height=\"499\" srcset=\"https:\/\/www.saastr.com\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-24-at-8.35.19-PM-scaled.png 1000w, https:\/\/www.saastr.com\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-24-at-8.35.19-PM-980x489.png 980w, https:\/\/www.saastr.com\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-24-at-8.35.19-PM-480x240.png 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) and (max-width: 980px) 980px, (min-width: 981px) 1000px, 100vw\" \/><\/noscript><\/p>\n<h2 class=\"text-xl font-bold text-text-100 mt-1 -mb-0.5\">#2. The Cash Flow Inflection Point: From -42% to +3% OCF Margin in 6 Months<\/h2>\n<p>Netskope really, really got ready to go public.\u00a0 It rapidly moved from &#8220;investing in growth mode&#8221; to &#8220;still investing, but cash flow positive&#8221; &#8212; in just 6 months!<\/p>\n<p class=\"whitespace-normal break-words\"><span style=\"text-decoration: underline;\"><strong>The Metrics:<\/strong><\/span><\/p>\n<ul class=\"[&amp;:not(:last-child)_ul]:pb-1 [&amp;:not(:last-child)_ol]:pb-1 list-disc space-y-1.5 pl-7\">\n<li class=\"whitespace-normal break-words\">H1 2024: -42% operating cash flow margin (-$106M)<\/li>\n<li class=\"whitespace-normal break-words\">H1 2025: +3% operating cash flow margin (+$9M)<\/li>\n<li class=\"whitespace-normal break-words\"><strong>45 percentage point improvement<\/strong> while growing revenue 31%<\/li>\n<\/ul>\n<p class=\"whitespace-normal break-words\">This is the holy grail of SaaS metrics\u2014massive profitability improvement while maintaining high growth. The inflection happened <em>fast<\/em> once they hit the right scale.<\/p>\n<p class=\"whitespace-normal break-words\"><strong><span style=\"text-decoration: underline;\">The Learning<\/span>:<\/strong> Unit economics can flip dramatically at scale if your LTV:CAC fundamentals are sound.<\/p>\n<h2 class=\"text-xl font-bold text-text-100 mt-1 -mb-0.5\">#3. NRR Improvement at Scale: 118% While Growing 33%.\u00a0 And A Stunning 96% GRR.<\/h2>\n<p class=\"whitespace-normal break-words\"><strong><span style=\"text-decoration: underline;\">The Metrics<\/span>:<\/strong><\/p>\n<ul class=\"[&amp;:not(:last-child)_ul]:pb-1 [&amp;:not(:last-child)_ol]:pb-1 list-disc space-y-1.5 pl-7\">\n<li class=\"whitespace-normal break-words\">Net Retention Rate: 113% \u2192 118% YoY<\/li>\n<li class=\"whitespace-normal break-words\">Gross Retention Rate: 95% \u2192 96% YoY<\/li>\n<li class=\"whitespace-normal break-words\">Both improving while adding 746 net new customers<\/li>\n<\/ul>\n<p class=\"whitespace-normal break-words\">Most companies see NRR compression as they scale due to larger customer mix. Netskope is doing the opposite\u2014expanding faster within existing accounts.<\/p>\n<p class=\"whitespace-normal break-words\"><strong><span style=\"text-decoration: underline;\">The Learning<\/span>:<\/strong> Platform plays with multiple products can drive NRR <em>expansion<\/em> even at massive scale.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter size-full wp-image-317721 lazyload\" data-src=\"https:\/\/i0.wp.com\/www.saastr.com\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-24-at-8.36.56-PM-scaled.png?resize=1000%2C115&#038;quality=70&#038;ssl=1\" alt=\"\" width=\"1000\" height=\"115\" data-srcset=\"https:\/\/www.saastr.com\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-24-at-8.36.56-PM-scaled.png 1000w, https:\/\/www.saastr.com\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-24-at-8.36.56-PM-980x113.png 980w, https:\/\/www.saastr.com\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-24-at-8.36.56-PM-480x55.png 480w\" data-sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) and (max-width: 980px) 980px, (min-width: 981px) 1000px, 100vw\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" style=\"--smush-placeholder-width: 1000px; --smush-placeholder-aspect-ratio: 1000\/115;\" \/><noscript><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter size-full wp-image-317721\" src=\"https:\/\/i0.wp.com\/www.saastr.com\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-24-at-8.36.56-PM-scaled.png?resize=1000%2C115&#038;quality=70&#038;ssl=1\" alt=\"\" width=\"1000\" height=\"115\" srcset=\"https:\/\/www.saastr.com\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-24-at-8.36.56-PM-scaled.png 1000w, https:\/\/www.saastr.com\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-24-at-8.36.56-PM-980x113.png 980w, https:\/\/www.saastr.com\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-24-at-8.36.56-PM-480x55.png 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) and (max-width: 980px) 980px, (min-width: 981px) 1000px, 100vw\" \/><\/noscript><\/p>\n<h2 class=\"text-xl font-bold text-text-100 mt-1 -mb-0.5\">#4. The $1M+ Customer Concentration Strategy: 37% of ARR from 111 Customers<\/h2>\n<p>Cybersecurity is about the big deals.\u00a0 85% of reveue comes from $100k+ deals, and they have 111+ $1m customers.<\/p>\n<p class=\"whitespace-normal break-words\"><span style=\"text-decoration: underline;\"><strong>The Metrics:<\/strong><\/span><\/p>\n<ul class=\"[&amp;:not(:last-child)_ul]:pb-1 [&amp;:not(:last-child)_ol]:pb-1 list-disc space-y-1.5 pl-7\">\n<li class=\"whitespace-normal break-words\">111 customers &gt;$1M ARR (37% of total ARR)<\/li>\n<li class=\"whitespace-normal break-words\">1,372 customers &gt;$100K ARR (86% of total ARR)<\/li>\n<li class=\"whitespace-normal break-words\">Average customer size continues growing<\/li>\n<\/ul>\n<p class=\"whitespace-normal break-words\">This isn&#8217;t a volume play\u2014it&#8217;s a high-value enterprise play. <span style=\"text-decoration: underline;\">The top 2.5% of customers drive over one-third of revenue.<\/span><\/p>\n<p class=\"whitespace-normal break-words\"><strong><span style=\"text-decoration: underline;\">The Learning<\/span>:<\/strong> Focus on customer expansion over customer acquisition can drive both growth AND efficiency at scale.<\/p>\n<h2 class=\"text-xl font-bold text-text-100 mt-1 -mb-0.5\">#5. International Revenue as Growth Accelerator: 43% Revenue, Higher Growth<\/h2>\n<p class=\"whitespace-normal break-words\"><strong><span style=\"text-decoration: underline;\">The Metrics<\/span>:<\/strong><\/p>\n<ul class=\"[&amp;:not(:last-child)_ul]:pb-1 [&amp;:not(:last-child)_ol]:pb-1 list-disc space-y-1.5 pl-7\">\n<li class=\"whitespace-normal break-words\">International: 43% of revenue<\/li>\n<li class=\"whitespace-normal break-words\">EMEA growth: +37% YoY<\/li>\n<li class=\"whitespace-normal break-words\">APJ growth: +33% YoY<\/li>\n<li class=\"whitespace-normal break-words\">Americas growth: +28% YoY<\/li>\n<\/ul>\n<p class=\"whitespace-normal break-words\">International markets are growing <em>faster<\/em> than domestic, proving global product-market fit and providing a natural growth hedge.<\/p>\n<p class=\"whitespace-normal break-words\"><strong><span style=\"text-decoration: underline;\">The Learning<\/span>:<\/strong> International expansion isn&#8217;t just diversification\u2014it can be your primary growth engine.<\/p>\n<hr class=\"border-border-300 my-2\" \/>\n<h2 class=\"text-xl font-bold text-text-100 mt-1 -mb-0.5\">More Quick Learnings:<\/h2>\n<p>35% of Customers Buy 3 or more<\/p>\n<ul class=\"[&amp;:not(:last-child)_ul]:pb-1 [&amp;:not(:last-child)_ol]:pb-1 list-disc space-y-1.5 pl-7\">\n<li class=\"whitespace-normal break-words\"><strong><span style=\"text-decoration: underline;\">Platform Expansion Works<\/span>:<\/strong> 72% use 3+ products, 51% use 4+ products, 35% use 5+ products<\/li>\n<li class=\"whitespace-normal break-words\"><strong><span style=\"text-decoration: underline;\">Gross Margin Excellence<\/span>:<\/strong> 71% in H1 2025 (up from 62% prior year) &#8211; best-in-class for infrastructure SaaS<\/li>\n<li class=\"whitespace-normal break-words\"><strong><span style=\"text-decoration: underline;\">Fortune 100 Penetration<\/span>:<\/strong> 30%+ market share in largest enterprises shows defensibility<\/li>\n<li class=\"whitespace-normal break-words\"><strong><span style=\"text-decoration: underline;\">Geographic Footprint = Moat<\/span>:<\/strong> 120+ data centers across 75+ regions creates natural barriers to competition<\/li>\n<\/ul>\n<hr class=\"border-border-300 my-2\" \/>\n<h2 class=\"text-xl font-bold text-text-100 mt-1 -mb-0.5\">Expected Valuation Analysis<\/h2>\n<p class=\"whitespace-normal break-words\">Based on public cybersecurity comps and Netskope&#8217;s metrics, we can estimate the IPO valuation:<\/p>\n<p class=\"whitespace-normal break-words\"><strong>Revenue Multiple Analysis:<\/strong><\/p>\n<ul class=\"[&amp;:not(:last-child)_ul]:pb-1 [&amp;:not(:last-child)_ol]:pb-1 list-disc space-y-1.5 pl-7\">\n<li class=\"whitespace-normal break-words\">Netskope&#8217;s $707M ARR puts it at premium scale with best-in-class growth (33%)<\/li>\n<li class=\"whitespace-normal break-words\">Expected revenue multiple: <strong>8-12x ARR<\/strong> based on growth profile and margins<\/li>\n<li class=\"whitespace-normal break-words\"><strong>Estimated valuation range: $5.7B &#8211; $8.5B<\/strong><\/li>\n<\/ul>\n<p class=\"whitespace-normal break-words\">The company was valued at $7.5B in 2021, so current estimates align with maintaining that valuation despite market compression, justified by improved fundamentals.\u00a0 The last round investors may see muted returns.<\/p>\n<h2 class=\"text-xl font-bold text-text-100 mt-1 -mb-0.5\">Cybersecurity Public Company Comparison<\/h2>\n<\/div>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter size-full wp-image-317795 lazyload\" data-src=\"https:\/\/i0.wp.com\/www.saastr.com\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-26-at-4.56.33-PM-scaled.png?resize=1000%2C916&#038;quality=70&#038;ssl=1\" alt=\"\" width=\"1000\" height=\"916\" data-srcset=\"https:\/\/www.saastr.com\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-26-at-4.56.33-PM-scaled.png 1000w, https:\/\/www.saastr.com\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-26-at-4.56.33-PM-980x898.png 980w, https:\/\/www.saastr.com\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-26-at-4.56.33-PM-480x440.png 480w\" data-sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) and (max-width: 980px) 980px, (min-width: 981px) 1000px, 100vw\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" style=\"--smush-placeholder-width: 1000px; --smush-placeholder-aspect-ratio: 1000\/916;\" \/><noscript><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter size-full wp-image-317795\" src=\"https:\/\/i0.wp.com\/www.saastr.com\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-26-at-4.56.33-PM-scaled.png?resize=1000%2C916&#038;quality=70&#038;ssl=1\" alt=\"\" width=\"1000\" height=\"916\" srcset=\"https:\/\/www.saastr.com\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-26-at-4.56.33-PM-scaled.png 1000w, https:\/\/www.saastr.com\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-26-at-4.56.33-PM-980x898.png 980w, https:\/\/www.saastr.com\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-26-at-4.56.33-PM-480x440.png 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) and (max-width: 980px) 980px, (min-width: 981px) 1000px, 100vw\" \/><\/noscript><\/p>\n<div class=\"grid-cols-1 grid gap-2.5 [&amp;_&gt;_*]:min-w-0\">\n<p><strong>Key Insights:<\/strong><\/p>\n<ul class=\"[&amp;:not(:last-child)_ul]:pb-1 [&amp;:not(:last-child)_ol]:pb-1 list-disc space-y-1.5 pl-7\">\n<li class=\"whitespace-normal break-words\">Netskope&#8217;s 33% growth matches best-in-class (Zscaler, CrowdStrike, Rubrik)<\/li>\n<li class=\"whitespace-normal break-words\">71% gross margin is competitive but below premium players<\/li>\n<li class=\"whitespace-normal break-words\">8-12x revenue multiple reflects strong growth with improving profitability trajectory<\/li>\n<li class=\"whitespace-normal break-words\">Recent IPO comps (Rubrik at 9.3x) support the lower end of the range<\/li>\n<\/ul>\n<p class=\"whitespace-normal break-words\"><strong><span style=\"text-decoration: underline;\">Bottom Line<\/span>:<\/strong> At the estimated $5.7B-$8.5B valuation, Netskope would trade at a reasonable discount to premium players like Zscaler while commanding a premium to slower-growth peers, justified by its unique combination of scale, growth acceleration, and cash flow inflection.<\/p>\n<\/div>\n<\/div>\n<div class=\"flex flex-col gap-2 py-2\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The latest tech IPO to file is another cybersecurity software leader &#8230; and it&#8217;s a really, really good one.\u00a0 Netskope. \ud83d\udcc8 $707M ARR (+33% YoY) \ud83d\udcb0 $538M revenue (+32% YoY) \ud83c\udfe2 4,317 customers (+21% YoY) \u2b50 30%+ of Fortune 100 as customers \ud83d\udcca 118% net retention rate \ud83c\udf0d 120+ data centers globally \ud83c\udfaf $139B market&#8230; <br \/><a class=\"more-link fade\" href=\"https:\/\/www.saastr.com\/the-latest-b2b-ipo-is-netskope-and-its-fire-700m-arr-growing-33-the-next-ipos-will-be-even-better\/\">Continue Reading<\/a><\/p>\n","protected":false},"author":19,"featured_media":317718,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","om_disable_all_campaigns":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpscp_schedule_draft_date":"","_wpscp_schedule_republish_date":"","_wpscppro_advance_schedule":false,"_wpscppro_advance_schedule_date":"","_wpscppro_custom_social_share_image":0,"_facebook_share_type":"default","_twitter_share_type":"default","_linkedin_share_type":"default","_pinterest_share_type":"default","_linkedin_share_type_page":"","_instagram_share_type":"default","_medium_share_type":"default","_threads_share_type":"","_selected_social_profile":[]},"categories":[23926,31,28],"tags":[],"class_list":["post-317717","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-5-interesting-things","category-blog-posts","category-scale"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.saastr.com\/wp-content\/uploads\/2025\/08\/netsck-scaled.jpg?fit=773%2C1000&quality=70&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5oib2-1kEt","jetpack_sharing_enabled":true,"fifu_image_url":"https:\/\/www.saastr.com\/wp-content\/uploads\/2025\/08\/netsck-scaled.jpg","_links":{"self":[{"href":"https:\/\/www.saastr.com\/wp-json\/wp\/v2\/posts\/317717","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.saastr.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.saastr.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.saastr.com\/wp-json\/wp\/v2\/users\/19"}],"replies":[{"embeddable":true,"href":"https:\/\/www.saastr.com\/wp-json\/wp\/v2\/comments?post=317717"}],"version-history":[{"count":3,"href":"https:\/\/www.saastr.com\/wp-json\/wp\/v2\/posts\/317717\/revisions"}],"predecessor-version":[{"id":317797,"href":"https:\/\/www.saastr.com\/wp-json\/wp\/v2\/posts\/317717\/revisions\/317797"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.saastr.com\/wp-json\/wp\/v2\/media\/317718"}],"wp:attachment":[{"href":"https:\/\/www.saastr.com\/wp-json\/wp\/v2\/media?parent=317717"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.saastr.com\/wp-json\/wp\/v2\/categories?post=317717"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.saastr.com\/wp-json\/wp\/v2\/tags?post=317717"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}