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Cato Networks raises $359 million in a Series G round, achieving a $4.8 billion valuation. Led by Vitruvian Partners and ION Crossover Partners, the funding will primarily reward employees and bolster the company's growth.

Jun 30, 202516 days ago

Amount Raised

$359 Million

Tel AvivNetwork SecuritySoftware

Investors

Adams Street PartnersAcrew CapitalLightspeed Venture PartnersIon Crossover PartnersVitruvian Partners

Description

Cybersecurity company Cato Networks completed a $359 million Series G funding round at a $4.8 billion valuation. The round saw participation from new and existing investors, including Vitruvian Partners and Lightspeed Venture Partners. Approximately $120 million was raised through a secondary sale to enable employee cash-outs. Despite this funding, Cato is postponing its IPO plans initially set for 2025.

Company Information

Company

Cato Networks

Location

Tel Aviv, Tel Aviv District, Israel

About

Cato provides a world-leading single-vendor SASE platform. Cato creates a seamless and elegant customer experience that effortlessly enables threat prevention, data protection, and timely incident detection and response. Using Cato, businesses easily replace costly and rigid legacy infrastructure with an open and modular SASE architecture based on SD-WAN, a purpose-built global cloud network, and an embedded cloud-native security stack to secure and optimize their global hybrid workforce and mission-critical applications and data on premises and in the cloud. With Cato, any organization can reap the full benefits of digital transformation and move at the speed of business.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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