Cato Networks Raises $238M in Equity Funding at Over $3B Valuation

Cato Networks

Cato Networks, a Tel Aviv, Israel-based provider of a single-vendor Secure Access Service Edge (SASE) platform, raised $238M in equity funding.

The round, which brought total funding to $773M, was led by LightSpeed Venture Partners with participation from Adams Street Partners, Softbank Vision Fund 2, Sixty Degree Capital, and Singtel Innov8.

The company will use the new funds to scale its organization in three key areas:

  • deliver its vision and customer success to a broader audience,
  • expand the partner ecosystem offering managed Cato SASE services, and
  • grow the engineering and product team in charge of its high-velocity train of innovative capabilities.

Founded in 2015 by industry luminaries Shlomo Kramer, co-founder of Check Point Software and Imperva, and Gur Shatz, co-founder of Incapsula, Cato provides a platform that allows businesses to replace legacy infrastructure with a zero-trust SASE architecture based on SD-WAN and a distributed cloud-native security stack to secure and optimize their global hybrid workforce, mission-critical applications, and business-sensitive data.

More than 1,800 enterprise customers, including Carlsberg and the TAG Heuer Porsche Formula E, use Cato with their mission-critical security and networking infrastructure.