Netskope, the cloud app analytics and policy enforcement company, closed a $35 million Series C funding round led by Accel Partners. Existing investors Lightspeed Venture Partners and The Social+Capital Partnership also participated in this round. The funds will be used to accelerate research and development, sales, support and marketing efforts to meet growing market demand for its solutions that help CIOs enable cloud app usage in a smart and economical way. This latest investment brings Netskope's total funding to $56.4 million.

"As workers demand more effective tools to do their jobs, it is inevitable more cloud apps will be introduced to the enterprise without IT’s knowledge," says Sanjay Beri, CEO & Founder, Netskope. "Our vision is to help CIOs tackle the accelerating shadow IT conundrum with detailed real-time insights on how every cloud app is being used and enabling them to enforce well-informed granular policies that encourage smart cloud app usage, rather than simply blocking or allowing certain apps. This announcement validates that our approach is working and positions us well to meet the demands of CIOs looking for a better way forward with shadow IT."

This funding round comes on the heels of significant momentum for Netskope since its October 2013 launch. The company is now working with more than 100 companies from nearly every major industry, including healthcare, financial services, high tech and retail.