The latest investment brings the total funding above
$200 million, demonstrating
investors' confidence in Cato's vision to provide enterprises with
an agile and secure network that can adapt to whatever comes
next
TEL AVIV, Israel, April 7, 2020 /PRNewswire/ -- Cato Networks,
provider of the world's first SASE platform, announced today
an investment of $77M led by
Lightspeed Venture Partners with the participation of Aspect
Ventures, Greylock Partners, Singtel Innov8, U.S. Venture Partners
(USVP), and Shlomo Kramer. This
investment brings the total funding raised to date to over
$200M. 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's Approach Validated by Industry Adoption of Gartner
SASE
Unlike legacy networks built from multiple point-solutions and
telco services, Cato connects and secures the entire enterprise –
remote users, sites, applications, and clouds with a global cloud
service. Cato is the first true implementation of Gartner's Secure
Access Service Edge (SASE) framework that describes an architecture
that converges SD-WAN and network security for all enterprise
"edges" into the cloud. Cato was recognized as a "Sample Vendor" in
the SASE category of Gartner's Hype Cycle for Enterprise
Networking, 2019.
"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."
Cato Enables Enterprises to Weather the Crisis of Today and
Prepare for the Opportunities of Tomorrow
With Cato, enterprises reduce capital and operational costs and
improve user experience everywhere. Cato is an affordable MPLS
alternative, allowing enterprises to phase out costly, telco
services. With Cato's Firewall as a Service, enterprises no longer
incur the expense of purchasing, deploying, and scaling security
appliances. And, customers can gradually deploy incremental
capabilities with ease. Need widespread, scalable remote access?
Cato software-defined perimeter (SDP) provides client and
clientless remote access options can be deployed anywhere in
minutes.
Whether your initial need is better connectivity, stronger
security, easy cloud migration, or scalable remote access, Cato has
you covered and ready for whatever comes next.
To learn more about Cato Networks, visit us at
https://www.catonetworks.com.
About Cato Networks
Cato is the world's first SASE platform, converging SD-WAN and
network security into a global, cloud-native service. Cato
optimizes and secures application access for all users and
locations. Using Cato, customers easily migrate from MPLS to
SD-WAN, optimize connectivity to on-premises and cloud
applications, enable secure branch Internet access everywhere, and
seamlessly integrate cloud datacenters and mobile users into the
network with a zero-trust architecture. With Cato, the network, and
your business, are ready for whatever's next.