Cato Networks

Cato is aprovider of a single-vendor Secure Access Service Edge (SASE) platform that enables customers to gradually transform their networking and security infrastructure for the digital business.

Cato’s vision is to deliver a next generation secure network architecture that eliminates the complexity, costs, and risks associated with legacy IT approaches based on disjointed point solutions. 

Cato Networks was founded in 2015 by Shlomo Kramer and Gur Shatz. The company is headquartered in Tel Aviv, Israel.

 

Cato’s platform is made up of two parts: the Cato SASE Cloud and Cato Security Services. The SASE cloud is a service running on a backbone of interconnected more than 65 PoPs to which enterprises, datacenters, and remote users connect.

 

Cato maintains a database of all the metadata of network flows from every device and customer connected to its cloud, which it enriches with security information. This database is used for in-house training and analysis, helping Cato create “robust” AI models for security and management applications — like data loss prevention and malicious file detection over the network.

 

Cato’s network now has roughly 670,000 remote users connected across its customer base of over 1,900 businesses. Notable customers include arlsberg, the TAG Heuer Porsche Formula E, Flügger Group, Brake Masters, C3 Technology Advisors and CloudFactory.

 

Cato is backed by Lightspeed Venture Partners, Coatue, Greylock Partners, Aspect Ventures, Adams Street Partners, Softbank Vision Fund 2, Singtel Innov8, USVP, Sixty Degree Capital, and others. The company raised $238M in a new round on Sep 19, 2023. This brings Cato's total funding to $770M to date. The latest round valued the company at $3B, up from previous $2.5B after a $200M Series F round in Oct 2021.

 

 

  • Year founded: 2015
  • Funding Info: $770M over 7 Rounds (Latest Funding Type: Venture- Series Unknown)
  • Yearly Revenue: $150M (FY- 2023)
  • Employee Size: 501-1,000
  • Business Valuation: Valued at $3B as of Sep 19, 2023
  • City/Town: Tel Aviv
  • State: Tel Aviv
  • Country: Israel
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