Cato Networks, provider of the world’s first SASE platform, announced it has raised an investment of $77 million led by Lightspeed Venture Partners with the participation of Aspect Ventures, Greylock Partners, Singtel Innov8, U.S. Venture Partners (USVP), and Shlomo Kramer.
Post investment, the company’s total funding amounts to over $200 million. It comes on the heels of an incredible year that saw a 220% increase in bookings and a very strong first quarter of 2020.
“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,” says Shlomo Kramer, CEO and co-founder of Cato Networks. “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 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,” says Yoni Cheifetz, Partner at Lightspeed. “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.”
Tel-Aviv based Cato is the world’s first SASE platform, converging SD-WAN and network security into a global, cloud-native service. Cato optimizes and secures applications access for all users and locations. Cato software-defined perimeter (SDP) provides client and clientless remote access options can be deployed anywhere in minutes.
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