Latest news with #CatoNetworks
Yahoo
17 hours ago
- Business
- Yahoo
Cato Networks raises $359m Series G funding at $4.8bn valuation
Cato Networks, a secure access service edge (SASE) solutions provider, has raised $359m in a Series G funding round, elevating its valuation to more than $4.8bn. The round was led by new investors such as Vitruvian Partners and ION Crossover Partners, along with existing investors including Lightspeed Venture Partners, Acrew Capital, and Adams Street Partners. This latest investment brings Cato Networks' total funding to more than $1bn. Vitruvian Partners said: 'Cato has spent the past decade building and optimising the next generation of cybersecurity, and we are proud to partner with them as they continue to raise the bar for AI-driven security and networking. 'The company's visionary leadership, best-in-class growth and retention rates, and relentless focus on innovation and customer experience are what led us to invest in Cato. 'We look forward to supporting Cato's next phase of growth as they expand their market reach and transform how enterprises connect and secure their digital businesses and use of AI.' Tel Aviv, Israel-based Cato Networks delivers enterprise-grade security and networking through a single, cloud-native platform. Unlike traditional infrastructure, which is often seen as costly and fragmented, Cato's SASE Cloud Platform is designed to be self-maintaining and autonomously scalable. With the new funds, Cato Networks plans to expand its capabilities and increase its total addressable market. The company aims to advance AI security, allowing enterprises to adopt AI securely and efficiently. Additionally, Cato intends to accelerate platform innovation by investing in research and development across various areas, including DEM, LAN Security, IoT/OT Security, SD-WAN, SSE, XDR, and ZTNA. Cato Networks also plans to expand its global reach by growing its partner ecosystem and customer-facing teams to meet increasing global demand. Cato Networks co-founder and CEO Shlomo Kramer said: 'With more than 3,500 enterprise customers, consistent hyper-growth, and repetitive and scalable wins against all leading competitors, Cato is a proven and mature business to invest in. 'Our true SASE platform and decade of AI innovation differentiates Cato from legacy vendors that favour a portfolio of point solutions. Customers and partners understand the difference and select Cato to benefit from proven security, operational efficiency, and business agility.' "Cato Networks raises $359m Series G funding at $4.8bn valuation " was originally created and published by Verdict, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Time of India
19 hours ago
- Business
- Time of India
Israel's Cato Networks valued at over $4.8 billion in latest funding round
By Prakhar Srivastava Israel's Cato Networks said on Monday it had raised $359 million in a funding round , valuing the cybersecurity firm at more than $4.8 billion, as investors bet on growing demand for artificial intelligence-driven security and networking solutions. An uptick in sophisticated cyberattacks has prompted fears of operational disruptions among companies and an increase in investor interest in AI-powered cybersecurity providers. The funding was led by Vitruvian Partners and ION Crossover Partners, along with existing investors Lightspeed Venture Partners and Acrew Capital, among others. The latest round brings Cato's total funding to more than $1 billion. "With analysts projecting information-security outlays to climb at a double-digit clip through 2028, investors continue to treat cybersecurity and zero-trust plumbing as 'can't-cut' line items even as other tech niches cool," said Michael Ashley Schulman, chief investment officer at Running Point Capital. Cato Networks plans to use the new funds to enhance its AI-driven security capabilities, increase investment in research and development and expand its global footprint. "Hefty private cash for Cato is less a one-off jackpot than a barometer that big-ticket appetite for cybersecurity is still running hot and that an exit wave through IPO, active secondaries, or acquisition may be warming up behind it," Schulman said. Reuters had reported last year, citing sources, that the company was gearing up for a potential 2025 IPO. Cato, founded in 2015 by Shlomo Kramer and Gur Shatz, combines network services and security into a single cloud platform known as secure access service edge ( SASE ). Its SASE solution helps businesses prevent threats, protect data and quickly respond to incidents. The SASE market is projected to surge to $25 billion by 2027 from $7 billion in 2022, according to Gartner's 2023 report. Customers listed on the company's website include Swissport, Carlsberg, Element Solutions and Komax.
Fast Company
a day ago
- Business
- Fast Company
Cato Networks secures $359 million in latest funding round
Israel's Cato Networks said on Monday it had raised $359 million in a funding round, valuing the cybersecurity firm at more than $4.8 billion, as investors bet on growing demand for artificial intelligence -driven security and networking solutions. An uptick in sophisticated cyberattacks has prompted fears of operational disruptions among companies and an increase in investor interest in AI-powered cybersecurity providers. The funding was led by Vitruvian Partners and ION Crossover Partners, along with existing investors Lightspeed Venture Partners and Acrew Capital, among others. The latest round brings Cato's total funding to more than $1 billion. 'With analysts projecting information-security outlays to climb at a double-digit clip through 2028, investors continue to treat cybersecurity and zero-trust plumbing as 'can't-cut' line items even as other tech niches cool,' said Michael Ashley Schulman, chief investment officer at Running Point Capital. Cato Networks plans to use the new funds to enhance its AI-driven security capabilities, increase investment in research and development and expand its global footprint. 'Hefty private cash for Cato is less a one-off jackpot than a barometer that big-ticket appetite for cybersecurity is still running hot and that an exit wave through IPO, active secondaries, or acquisition may be warming up behind it,' Schulman said. Reuters had reported last year, citing sources, that the company was gearing up for a potential 2025 IPO. Cato, founded in 2015 by Shlomo Kramer and Gur Shatz, combines network services and security into a single cloud platform known as secure access service edge (SASE). Its SASE solution helps businesses prevent threats, protect data and quickly respond to incidents. The SASE market is projected to surge to $25 billion by 2027 from $7 billion in 2022, according to Gartner's 2023 report.
CNA
2 days ago
- Business
- CNA
Israel's Cato Networks valued at over $4.8 billion in latest funding round
Israel's Cato Networks said on Monday it had raised $359 million in a funding round, valuing the cybersecurity firm at more than $4.8 billion, as investors bet on growing demand for artificial intelligence-driven security and networking solutions. An uptick in sophisticated cyberattacks has prompted fears of operational disruptions among companies and an increase in investor interest in AI-powered cybersecurity providers. The funding was led by Vitruvian Partners and ION Crossover Partners, along with existing investors Lightspeed Venture Partners and Acrew Capital, among others. The latest round brings Cato's total funding to more than $1 billion. Cato Networks plans to use the new capital to enhance its AI-driven security capabilities, increase investment in research and development and expand its global footprint. Reuters had reported last year, citing sources, that the company was gearing up for a potential 2025 IPO. The cybersecurity company, founded in 2015 by Shlomo Kramer and Gur Shatz, combines network services and security into a single cloud platform, known as secure access service edge (SASE). Its SASE solution helps businesses prevent threats, protect data and quickly respond to incidents.
Reuters
2 days ago
- Business
- Reuters
Israel's Cato Networks valued at over $4.8 billion in latest funding round
June 30 (Reuters) - Israel's Cato Networks said on Monday it had raised $359 million in a funding round, valuing the cybersecurity firm at more than $4.8 billion. An uptick in cyberattacks has prompted fears of operational disruptions among companies and an increase in investor interest in cybersecurity providers. The funding was led by Vitruvian Partners and ION Crossover Partners, along with existing investors Lightspeed Venture Partners and Acrew Capital, among others. Cato Networks, founded in 2015 by Shlomo Kramer and Gur Shatz, combines network services and security into a single cloud platform.
