Press release

Skyhigh Security Completes Breakthrough 2024, Surpasses Key Customer and Financial Milestones

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Sponsored by Businesswire

Skyhigh Security, a global leader in the Security Service Edge (SSE) and data security markets, marks 2024 as a breakthrough year in its mission to redefine how organizations secure data in an increasingly hybrid and regulated world. With strong product innovation, a fortified global infrastructure, and key compliance milestones across multiple geographies, Skyhigh Security is addressing the evolving challenges of the modern enterprise and setting new benchmarks for excellence. A commitment to customer success drove exceptional financial performance in the second half with more than 20% growth across total bookings, underpinned by strong customer retention, and new bookings of more than 30% over the same period in 2023.

Skyhigh Security has made significant strides in enhancing its customer experience. Customers continued to expand their usage of the Skyhigh Security portfolio, illustrated by the passing of several milestones — 120 petabytes (PB) of enterprise data scanned, 2,500 billion events monitored, and a 4X increase in AI services protected. This progress is complemented by growing recognition from the analyst community, demonstrating strong leadership in the data security space.

“I’m thankful for the commitment and execution by our employees across the globe and grateful for the trust our customers and partners continue to place in us to deliver on their most critical security needs. 2024 was a year in which we were able to execute across multiple fronts: product innovation, infrastructure and network resilience, and compliance. We did all of this in service of our customers while growing the business profitably,” said Vishal Rao, CEO of Skyhigh Security. “I’m particularly gratified that our customers aligned with us on the importance of our hybrid strategy to satisfy the demands of their businesses. This helped us drive ARR growth in the business and established a strong foundation for the coming year.”

Key initiatives in 2024 position Skyhigh Security for continued success in 2025:

Delivery of innovations to lead the evolving threat landscape

In 2024, Skyhigh Security advanced its leadership in data protection with innovations like Exact Data Match, ML Auto Classification, and AI-powered SSE features, including the detection and classification of Shadow AI, LLM risk attributes, and the industry’s first AI-powered DLP Assistant, while expanding ZTNA capabilities for seamless legacy VPN migration and enhanced context-aware data access.

Enhancing the customer experience with global reach and reliability

Recognizing the criticality of the user experience, Skyhigh Security prioritized the growth and expansion of its global network, extending its reach with over 100 Points of Presence (PoPs). This investment supports the organization’s rapidly growing usage with over 10 million nodes covered. Placing PoPs closer to customers reduces latency and improves performance, creating a superior experience for users.

Exceeding regulatory standards for the most complex, regulated markets

In 2024, Skyhigh Security also solidified its compliance leadership with key milestones, including FedRAMP High Authorization for Skyhigh Secure Web Gateway, IRAP certification in Australia, compliance-ready solutions for India’s DPDPA, and expanded tools for GDPR, CCPA, and global privacy laws, ensuring secure operations across regulated industries worldwide.

Expanded Executive Team with industry leaders

Skyhigh Security strengthened its executive team with leaders who bring decades of expertise in running and growing technology businesses. This lays a key pillar in the foundation towards building the world’s most trusted data security company.

Skyhigh Security enters 2025 raising the bar on how to meet the growing demands of data security.

About Skyhigh Security

Skyhigh Security is dedicated to securing the world’s data with cloud-native, data-aware security solutions that empower organizations to collaborate freely without compromising on security. Its market-leading Security Service Edge (SSE) portfolio focuses on protecting data use, enabling innovation and compliance across hybrid environments. For more information, visit https://www.skyhighsecurity.com/.