Cloud security company Networks plans to accelerate its growth plans in Latin American markets after an oversubscribed round of $ 300 million that increased its market value to $ 7.5 billion.

The company focuses on cloud-based Secure Access Service Edge (SASE) technologies and is taking the next step in its strategy following the investment led by Investment announced last week ICONIQ growth and a pool of existing backers, including the São Paulo-based venture firm Base partner, as well as Lightspeed Venture Partner, Sequoia Capital Global Equities, Accel, Geodetic capital and Sapphire Ventures.

With a portfolio of over 1,500 global customers, the software company claims to serve most of the world’s largest healthcare and telecommunications companies, as well as major global retailers and commercial banks. The company operates in a rapidly growing segment: According to …

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