Founded in the year of 2015, Cato has developed a cloud platform that centralizes the management of security across an organization's various networks and remote access points. Through this the company is intending to make operations more secure, easier to monitor, and faster to scale when necessary
Fremont, CA: Cato Networks, the provider of the world's first SASE platform, raised an investment of $77M in a venture round of financing occurred recently. The financing round was led by Lightspeed Venture Partners with the participation of Aspect Ventures, Greylock Partners, Singtel Innov8, U.S. Venture Partners (USVP), and Shlomo Kramer. The recently raised capital brings the total funding raised by the firm to date to over $200M. It comes on the heels of an incredible year that saw a 220 percent increase in bookings and a solid 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."
Traditionally, if a company wanted to reshape how and where employees were located physically, they would need to go through the cumbersome process of physically deploying security hardware appliances and software. But Cato's platform sits between the various cloud services a company might use, its physical branch offices and data centers, and wherever an employee happens to be working. By routing all traffic through that centralized hub, the company can rapidly optimize security as the number and types of access points change, and the company adds additional applications, added he.
Based in Tel Aviv, Cato is part of Israel's booming cybersecurity ecosystem. Cato Networks will use the proceeds of the round to expand The company intends to use the proceeds of the round to expand the reach of its cloud-based security service, as well as continuing to build out its infrastructure to pursue deals with much larger customers.
Founded in the year of 2015, Cato has developed a cloud platform that centralizes the management of security across an organization's various networks and remote access points. Through this the comapany is intending to make operations more secure, easier to monitor, and faster to scale when necessary.
Cato is working in the emerging secure access service edge (SASE) field. The category refers to organizations proffering products that address the security of a company's network, as well as its endpoints through a single, unified system.
The firm is also working on additional services it can offer customers who have already adopted its underlying security platform.
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