- Cato Networks — a provider of the world’s first secure access service edge (SASE) market platform — announced its largest round of funding to date at $130 million. This funding round was at a valuation of over $1 billion.
Cato Networks — a provider of the world’s first secure access service edge (SASE) market platform — announced its largest round of funding to date at $130 million. This round of funding was led by Lightspeed Venture Partners with participation of new investor Coatue and existing investors, Greylock, Aspect Ventures / Acrew Capital, Singtel Innov8, and Shlomo Kramer.
Prior to this round of funding, Cato was valued at $1 billion. This round of funding further strengthens Cato’s financial position and will accelerate its SASE market and technology expansion strategy.
SASE is known for addressing the pressing need to reduce IT complexity by converging together networking and security capabilities into one global platform, thus improving security effectiveness and increasing agility while reducing operational costs. And Cato connects and secures all enterprise edges — sites, mobile users, and cloud-resources — with one global cloud-native platform.
KEY QUOTES:
“SASE is the hottest area in IT, and this funding round further attests to Cato’s leadership of the SASE market. Only the Cato Cloud was built from the ground up as a converged and cloud-based global SASE service.”
—Shlomo Kramer, CEO and co-founder of Cato Networks
“SASE will transform the multi-billion-dollar markets for enterprise networking and security, and we believe Cato will lead this transformation. Cato’s architecture is purposely built to enable IT to support current and future business requirements such as the need to dynamically support secure and optimized work from anywhere.”
— Yoni Cheifetz, a partner at Lightspeed Venture Partners
