lightspeed venture partners Archives - Crunchbase News /tag/lightspeed-venture-partners/ Data-driven reporting on private markets, startups, founders, and investors Tue, 02 Jun 2020 16:42:04 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.5 /wp-content/uploads/cb_news_favicon-150x150.png lightspeed venture partners Archives - Crunchbase News /tag/lightspeed-venture-partners/ 32 32 Meditation Apps Address Stress of COVID-19 /startups/meditations-apps-address-stress-of-covid-19/ Mon, 23 Mar 2020 14:55:15 +0000 http://news.crunchbase.com/?p=26839 Social distancing, by nature, is isolating. And extended periods of isolation can take a toll on one’s mental health.

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With the news cycle churning out updates on the latest COVID-19 developments, the uncertainty about how long the pandemic will last and inevitable economic effects, some people are turning to meditation apps to clear their head. And in turn, some popular apps are making the services free or curating them for certain groups.

Los Angeles-based meditation app is offering free services and guides to help people and specific groups cope with stress by introducing Headspace for Healthcare Professionals, Headspace for Work and Headspace for Educators.

Headspace for Professionals, for example, gives all health care workers in a public health setting in the U.S. free access to Headspace Plus through the rest of the year, according to a blog post from the company. The workers will be able to access the subscription with their National Provider Identifier (a 10-digit identification number) and email address.

Headspace for Workers and Headspace for Educators offer free access to collections of meditations for teachers and other members of the workforce.

Headspace last raised $53 million in February for its Series C round, which was led by . The startup’s other backers include and , according to Crunchbase data.

Other players

The meditation apps Calm and Simple Habit also are introducing free services. Calm, which is backed by investors including and , has put together a curated selection of free resources. Users can pick from sleep meditations, meditations for kids, practices to find ease and more.

Simple Habit is introducing new meditation collections specifically geared toward coronavirus–topics including self-care, mindfulness for kids at home, mindful communication with family and easing fear, according to the company.

“We recognize that many people are now being required to stay home, resulting in loss of income and financial uncertainty,” Simple Habit CEO Yunha Kim wrote in a . “As a response to this macro change, starting today until the end of April 2020, we’ll offer free Simple Habit premium memberships to all people who are financially impacted by this difficult time and can no longer afford to pay. If you’re struggling or in need, we’ll take care of you.”

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Cloud Security Provider Netskope Raises $340M At ‘Nearly $3B’ Valuation /venture/cloud-security-provider-netskope-raises-340m-at-nearly-3b-valuation/ Thu, 06 Feb 2020 16:00:41 +0000 http://news.crunchbase.com/?p=25139 , a cloud security company, announced this morning it has raised $340 million in a Series G round led by Global Equities.

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The financing values the Santa Clara, Calif.-based company at nearly $3 billion, it said, and brings its, according to Crunchbase data. Netskope’s last funding–a $168.7 million –closed in November 2018, propelling it to unicorn status.

New investors and participated in its latest round, as well as all existing investors including (which led its Series F), , , , , and .

Netskope describes itself as an alternative to “legacy, outdated security solutions that have failed to keep up with enterprises’ rapid adoption of new cloud and mobile technology, which have dissolved the ‘perimeter’ of a business’ network that traditional solutions were originally built for.”

Put more simply, Netskope’s Security Cloud offering aims to give companies visibility and real-time data and threat protection when accessing cloud services, websites and private apps from anywhere, on any device.

Netskope CEO said that when he started the company in 2012, “it was clear that the cloud was changing everything, but few saw how it would disrupt security.”

Netskope CEO and Founder Sanjay Beri

, managing partner at Sequoia Capital Global Equities, said his firm believes Netskope is the “unrivaled leader driving innovation” across cloud, data and network security.”

Besides seeing 80 percent enterprise customer growth (25 percent of which is among the Fortune 100), the company says it has boosted its headcount by 50 percent with a focus on engineering and sales. Specifically, Netspoke says it has 1,000 customers and added 300 employees in less than a year’s time. It now has nearly 1,000 employees.

In addition to its new headquarters in Santa Clara, Netskope has opened new offices in Paris, São Paulo, Seattle, New York, St. Louis, San Francisco and Tokyo. It’s also expanded into new markets including Australia, Singapore, Chile, Colombia, Brazil, Mexico, Italy, Spain and Germany.

As far as vertical markets are concerned, Beri told Crunchbase News that “there is not an industry that is immune to the security concerns” Netspoke addresses.

“That in mind, we continue to see massive uptake in regulated industries such as financial services, healthcare, and retail,” he said.

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