Cato Networks Raises $238 Million at over $3 Billion Valuation

Cato Networks is a cybersecurity company that enables large enterprises to seamlessly connect their offices, data centers, and cloud resources across the globe, all through a single, consolidated network infrastructure. This simplification reduces the need for specialized IT resources and minimizes the potential for human error. Additionally, by leveraging the power of the cloud and eliminating the need for on-premises appliances, Cato Networks helps organizations significantly reduce their infrastructure costs.

Cato Networks has raised $238 million in funding, which has brought the company’s valuation to over $3 billion. LightSpeed Venture Partners led the new round with participation from Adams Street Partners, Softbank Vision Fund 2, Sixty Degree Capital, and Singtel Innov8. In total, Cato Networks has raised $770 million till that moment.

Cato Networks, Tel Aviv, Israel, was founded in 2015 by Gur Shatz and Shlomo Kramer. Kramer said, “This funding round reflects investor confidence in Cato’s leadership in the single-vendor SASE market. Cato’s SASE platform uniquely enables organizations of all sizes to optimally secure their businesses without the cost, complexity, and risk of owning and maintaining a pile of point solutions. Cato provides the only SASE platform creating a seamless customer experience and empowers IT to move at the speed of business.”

Previous Post

Dragos Raises $74 Million at $1.7 Billion Valuation

Next Post

​JOKR Raises $50 Million at $800 Million Valuation

Related Posts