Cato Networks Raises 359 Million Reaches 4 Point 8 Billion Valuation

Cato Networks, Tel Aviv-based SASE solutions provider of secure access service edge, raised 359 million in Series G funding, valuing the company over 4.8 billion. New investors Vitruvian Partners and ION Crossover Partners led the investment, with existing investors Lightspeed Venture Partners, Acrew Capital, and Adams Street Partners participating as well. The latest round brings Cato's funding to over 1 billion.

Vitruvian Partners praised Cato’s trajectory, saying, “Cato has spent the past decade building and optimizing the next generation of Cybersecurity, and we are proud to partner with them as they continue to raise the bar for AI-driven security and networking.”

The Cato SASE Cloud Platform delivers enterprise-grade security and networking in one cloud-native platform that is self-managing and self-scaling, offering a replacement for the legacy costly and broken infrastructure.

Key Highlights-

• Cato Networks raises 359 million in Series G funding round
• Valuation crosses 4 point 8 billion with over 1 billion total funding
• Plans to boost AI security and expand global partnerships

READ MORE: Cloud Technology - Better With a Higher Degree of Cyber Security

With the new capital, Cato will expand its ability and expand its total addressable market while strengthening AI security to allow enterprises to implement AI securely and more efficiently. It will also make investments in platform innovation in areas such as DEM, LAN Security, IoT and OT Security, SD WAN, SSE, XDR, and ZTNA.

Shlomo Kramer, co-founder and CEO of Cato Networks stated, "With more than 3500 enterprise customers, consistent hyper growth, and repetitive and scalable victories over all top competitors, Cato is an established and proven business to invest in."

The company will also grow its global partner ecosystem and customer teams to meet growing global demand.