Secure Access Service edge (SASE) platform provider Cato Networks secured $200 Million funding

Cato Networks, an Tel Aviv based provider of a Secure Access Service edge (SASE) platform, has recently secured $200 million in funding round at a valuation of $2.5 billion.

Cato Networks was founded by Shlomo Kramer. It is a SASE platform, converging SD-WAN, Zero Trust Network Access (ZTNA), and network security into a global, cloud-native service. The solution optimizes and secures apps access for all locations and users.

Shlomo Kramer, CEO, and co-founder of Cato Networks said, "Cato is at the forefront of SASE transformation. Large enterprises are deploying Cato as their global network to reap the operational and business benefits of Cato’s proven and mature SASE platform. Cato is rapidly expanding its service capabilities, global footprint, and sales and marketing teams, while preserving our unique DNA of agility, simplicity, and ease of doing business that is so valued by customers and partners."

Yoni Cheifetz, a partner at Lightspeed Venture Partners, said, "Cato has seen an amazing adoption of its SASE platform by increasingly larger enterprises. What started as a disruptive innovation and a novel idea, is now a fast-growing business that is at the heart of enterprises’ mission critical operations. We are delighted to partner with Cato and support its mission of delivering optimal and secure access to all users, locations, and applications – everywhere."

The round was backed by the Lightspeed Venture Partners. Other participating investors include Aspect Ventures, Shlomo Kramer, Greylock, Acrew Capital, Singtel Innov8, and Coatue.

The SASE cloud startup, as of now, intends to use the new funds to accelerate sales, business growth, and technology to further support the security and global networking needs of large organizations, notes the announcement.