Newly Named Unicorn Cato Earns $130 Million in Funding

November 17, 2020

By Maurice Nagle, Web Editor

Pioneers planted the seeds of a brave new world, pushing possibility and opening eyes to opportunity. For early trailblazers, exploring the frontier was a life and death proposition. Today, it’s reputations, data and profits laying on the line, as the pioneers of today are conquering the cloud to deliver  secure, reliable connectivity from anywhere at anytime with SASE.

Cato is capturing SASE momentum, garnering a billion dollar valuation and recording $130 million in a new round of funding from Shlomo Kramer, Singtel Innov8, Greylock, Aspect (News - Alert) Ventures / Acrew Capital and led by Lightspeed Venture Partners.

“SASE will transform the multi-billion-dollar markets for enterprise networking and security, and we believe Cato will lead this transformation. Cato’s architecture is purposely built to enable IT to support current and future business requirements such as the need to dynamically support secure and optimized work from anywhere”, says Yoni Cheifetz, a partner at Lightspeed Venture Partners.

The fresh influx of funds enables Cato to continue its mission of SASE market leadership via technology expansion and further extending footprint.

“SASE is the hottest area in IT, and this funding round further attests to Cato’s leadership of the SASE market,” says Shlomo Kramer, CEO and co-founder of Cato Networks. “Only the Cato Cloud was built from the ground up as a converged and cloud-based global SASE service.”

Security will always be top of mind for the enterprise, and as it melds with networking, it opens a new era of prospects for innovators and organizations to forge ahead.  How SASE is your network?

Edited by Maurice Nagle

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