Cato Networks Raises $200 Million at $2.5 Billion Valuation for Tech Industry

Cato Networks is a cloud-based network for communication inside enterprises. The start-up provides businesses with rapid, and what is of high importance – secure connection. The main aim is to eliminate difficulties by converging all communication in one platform.

The investment round was led by Lightspeed Venture Partners. Also already participated investors Greylock, Acrew Capital, Coatue, Singtel Innov8, and the founder, Shlomo Kramer, took part in the round. The new fundings will be used for enlarging the company’s team.

Cato Networks was founded in 2015 in Israel by Shlomo Kramer. The founder already launched several cybersecurity projects, Check Point and Imperva, as well as invested in Trusteer, WatchDox, and LightCyber. Cato is used in more than 65 PoPs around the world. “We are attacking a market of tens of billions which we invented in 2015,” says Kramer. “We need to continue and invest to seize a market segment and become a category leader. Profitability will come later down the line.

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