Secure Access Service Edge Company Cato Networks Raises $77 Million

By Amit Chowdhry ● Apr 8, 2020
  • Cato Networks, the provider of the world’s first Secure Access Service Edge (SASE) platform, announced it raised $77 million

Cato Networks, the provider of the world’s first Secure Access Service Edge (SASE) platform, announced it raised $77 million in funding led by Lightspeed Venture Partners with the participation of Aspect Ventures, Greylock Partners, Singtel Innov8, U.S. Venture Partners (USVP), and Shlomo Kramer.

Including this funding round, the company has raised over $200 million since launching. And this funding news comes on the heels of a momentous year for the company with a 220% increase in bookings and a strong first quarter of 2020.

Using Cato, enterprises are able to reduce capital and operational costs and improve user experience everywhere. Plus Cato allows enterprises to phase out costly telco services.

Enterprises no longer incur the expense of purchasing, deploying, and scaling security appliances by using Cato’s Firewall as a Service. And customers are able to gradually deploy incremental capabilities with ease.

Key Quotes:

“This round of financing is a testament to the unique value Cato delivers to customers even under the most difficult business conditions. The global pandemic has disrupted business-as-usual and underscored the need for an adaptable infrastructure. While many companies struggle to enable work-from-home remote access to all employees, Cato customers only had to flip-a-switch. That’s the power of one converged global network and security platform enabling enterprises to be ready for whatever’s next.”
-Cato Networks CEO and co-founder Shlomo Kramer

“Cato revolutionizes the way IT thinks about networking and security. The convergence of these two categories is a paradigm shift that completely transforms the IT cost-benefit model. It’s why Cato routinely displaces legacy telco services and appliance-based solutions in enterprises of all sizes. We believe Cato is uniquely positioned to disrupt the global market for security, networking, and access with an architecture that is unmatched by any other solution available today.”
-Lightspeed partner Yoni Cheifetz