Cato Networks has secured $238 million in funding, valuing the company at over $3bn.
LightSpeed Venture Partners led, with contributors like Adams Street Partners, SoftBank Vision Fund 2, Sixty Degree Capital, and Singtel Innov8, taking Cato's total funds to $773 million.
Cato will use the new funds to expand its audience reach, grow its partner ecosystem for managed SASE services, and bolster its engineering and product team for innovation.
Shlomo Kramer, co-founder and CEO of Cato Networks said: “This funding round reflects investor confidence in Cato’s leadership in the single-vendor SASE market.”
Ravi Mhatre of LightSpeed Venture Partners will join Cato's board.
Mhatre added: “I aim to help guide Cato towards its next phase of growth as it continues to expand its product offerings and scales global sales, marketing, and branding.”
