Cato Networks
Israeli network security company From Wikipedia, the free encyclopedia
Cato Networks Ltd. is a Tel Aviv, Israel-based network security company that develops Secure Access Service Edge (SASE) technology, which combines enterprise communication and security capabilities into a single cloud-based platform.[1] The company was founded in 2015.[2] After an October 2021 funding round, the company was a tech unicorn valued at $2.5 billion.[3]
| |
| Company type | Private |
|---|---|
| Industry | Computer networking |
| Founded | 2015 |
| Founders | Shlomo Kramer Gur Shatz |
| Headquarters | Tel Aviv, Israel |
Key people | Shlomo Kramer, CEO[1] |
| Products | Secure Access Service Edge |
Number of employees | 1100 (2024) |
| Website | catonetworks |
History
Summarize
Perspective
Cato Networks was founded in 2015 in Tel Aviv, Israel by Shlomo Kramer, co-founder of Checkpoint and Imperva, and Gur Shatz, a co-founder of networking company Incapsula.[2][4] Cato was initially funded with a $20 million Series A from U.S. Venture Partners and Aspect Ventures.[5] Kramer became CEO, and Shatz became president and COO.[1] It secured a Series B round of $50 million in September.[1] The company officially launched in February 2016.[6] Its first products were designed to protect customers' WAN connections and mobile devices with next-generation firewalling, URL filtering, application control, VPN access, and more services.[5]
In June 2018, the company added threat hunting capabilities to its networking service.[7] In 2019, the company secured a $55 million Series C funding round.[8] In April 2020, the company raised $77 million in a Series D.[1] In November, the company announced a $130 million Series E funding round, led by return investors Lightspeed Partners, with participation from Greylock Partners, U.S. Venture Partners, Aspect Capital, Singaporean fund Singtel's subsidiary Innov8, and hedge fund Coatue Management.[9] The investment reportedly valued the company at over $1 billion, making it a tech unicorn.[9]
In June 2021, the company launched a new version of its managed detection and response (MDR) platform, used to detect security threats on its network.[10] In October, the company announced it had raised $200 million at a $2.5 billion valuation.[8] The round was led by Lightspeed Venture Partners with the participation of existing investors Greylock, Acrew Capital, Coatue, Singtel Innov8, and CEO Kramer.[8] In February 2022, the company added cloud access security broker (CASB) capabilities to protect cloud applications.[11]
Products
Cato Networks develops a Secure Access Service Edge (SASE) platform, which combines SD-WAN, managed security service and global backbone services into a cloud-based service offering.[12] Its products are designed to help IT staff manage network security for distributed workforces accessing resources across the wide area networks (WANs), cloud and Internet that connects them.[12][13] The company's Cato SASE Cloud platform supports more than 73 points of presence in over 150 countries.[14]
References
External links
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