#USA #Tel Aviv #AI Innovation #Cato Networks #SASE

Cato Networks Raises $359 Million in Series G Funding

Cato Networks, renowned for its pioneering work in Secure Access Service Edge (SASE), has recently announced the successful closure of its Series G funding round, during which it secured a substantial $359 million. This funding, which received backing from both new and existing investors, including renowned firms like Vitruvian Partners and Lightspeed Venture Partners, elevates Cato’s total valuation to over $4.8 billion and pushes its total funding beyond the impressive $1 billion mark.

A Leader in SASE and AI Innovation

Cato Networks has made a significant impact on the SASE market since its inception. Founded in 2015, the company quickly became recognized for seamlessly integrating networking and security solutions, thus defining the SASE category by 2019. With a rich history of consistent innovation and a strong foothold in enterprise security, Cato demonstrates continuous growth, reporting a remarkable 46% increase in its annual recurring revenue (ARR) for 2024.

Shlomo Kramer, the co-founder and CEO of Cato Networks, has highlighted the company's proven track record, stating, "With the backing of more than 3,500 enterprise customers and rapid growth rates, we've established Cato as a mature and appealing investment opportunity. Our singular SASE platform and a decade’s worth of advancements in AI set us apart from traditional vendors that only offer fragmented solutions."

Empowering Businesses with Advanced Security Solutions

The funding will enable Cato Networks to further advance its commitment to redefining enterprise security tailored for the digital age and Artificial Intelligence (AI). The company aims to scale its operations and enhance its product offerings to meet the growing demands of businesses seeking comprehensive digital security solutions. With an increasing focus on AI integration, Cato is poised to enable organizations to leverage AI capabilities securely and effectively.

Furthermore, the funds will support the expansion of Cato's global presence, enhancing their partner ecosystem and customer-facing teams to address the rising demand in various markets. Cato’s strategic vision is clear: to transform how enterprises connect and secure their digital assets through an integrated SASE platform that not only automates routine security tasks but also helps IT and security professionals focus on strategic initiatives that drive business success.

Setting New Standards in Cybersecurity

Cato's innovative approach shifts the landscape from a reliance on legacy infrastructure—which is often expensive and inflexible—to a sleek, cloud-native network designed to adapt to evolving business needs quickly. By embedding security and AI capabilities within its architecture, Cato provides organizations with a robust platform that manages risks while allowing for operational efficiency and agility.

The SASE market is projected to grow considerably, with Gartner forecasting a compound annual growth rate (CAGR) of 26%, expected to reach $28.5 billion by 2028. In light of this rapidly expanding market, Cato’s impressive growth trajectory reinforces its leadership position while continually challenging the status quo.

Conclusion

Cato Networks stands at a pivotal moment in its growth story, with this latest funding round not only underscoring investor confidence but also expanding opportunities for its innovative security solutions. The company is well-equipped to enhance its infrastructure, broaden its market outreach, and deliver unparalleled security services to enterprises globally. As Cato continues to evolve, it remains committed to providing leading-edge solutions that address the complexities of modern security and network management, thereby ensuring organizations can thrive in the digital landscape.

For more details about Cato Networks and its offerings, visit their official website at Cato Networks.