Cato Networks, a Tel Aviv, Israel-based provider of a Secure Access Service Edge (SASE) platform, raised $200M in additional funding at a valuation of $2.5 billion.
The round was led by Lightspeed Venture Partners with the participation of existing investors Greylock, Aspect Ventures / Acrew Capital, Coatue, Singtel Innov8, and Shlomo Kramer.
The company intends to use the new funds to accelerate sales, technology, and business growth to further support the security and global networking needs of large enterprises.
Led by Shlomo Kramer, CEO and co-founder, Cato Networks is a SASE platform, converging SD-WAN, network security, and Zero Trust Network Access (ZTNA) into a global, cloud-native service. The solution optimizes and secures application access for all users and locations.
Using Cato Cloud, customers migrate from MPLS to SD-WAN, optimize connectivity to on-premises and cloud applications, enable secure branch Internet access everywhere, integrate cloud datacenters into the network, and connect mobile users with Cato SDP client and clientless access options.
The Cato SASE Cloud, built on the proprietary Cato SPACE technology, is a SASE platform that can connect and secure all enterprise edges — sites, mobile users, and cloud resources — with one global cloud-native platform. The Cato SASE Cloud is distributed across more than 65 PoPs worldwide.