SASE leader Cato Networks announced that its 2024 annual recurring revenue (ARR) surpassed $250 million, an increase of 46% compared to 2023. Now, over 3,000 businesses have adopted the Cato SASE Cloud Platform to transform the way their organizations connect and secure their global operations.
These are some of the highlights from last year:
– Cato announced five major expansions of the Cato SASE Cloud Platform in 2024, allowing for greater consolidation of networking and security capabilities for customers.
– Cato expanded its Board of Directors with the addition of two industry leaders: Eyal Waldman, chairman of Waldo Holdings and former CEO of Mellanox Technologies; Gili Iohan, general partner at ION Crossover Partners and former CFO of Varonis.
– Cato opened its new global headquarters in Tel Aviv and a new research and development (R&D) center in Prague.
KEY QUOTES:
“The market has spoken, and the era of cobbled-together security solutions is over. With our 46% growth to more than $250 million ARR in 2024, we believe we have the highest ARR growth at scale in the SASE and network security categories. Our expansion to 3,000+ customers proves that enterprises of all sizes are ready to break free from legacy infrastructure.”
“We’re not just taking share. We’re redefining how organizations connect and secure their operations, as AI and cloud transform the security landscape.”
- Shlomo Kramer, co-founder and CEO at Cato Networks
