Cato Networks, a cybersecurity firm known for its secure access service edge solutions, has announced a significant funding milestone as it continues to redefine enterprise security in the digital and AI era.
The company has raised $359m in a Series G round led by new investors Vitruvian Partners and ION Crossover Partners, alongside existing investors Lightspeed Venture Partners, Acrew Capital, and Adams Street Partners. The new investment brings Cato’s valuation to over $4.8bn and total funding to more than $1bn.
Founded to address the growing demand for converged networking and security, Cato Networks delivers enterprise-grade security and networking through a single, cloud-native platform. Its architecture replaces fragmented legacy systems with a unified solution that is designed to be self-maintaining and scalable for modern enterprises.
With this latest funding, Cato plans to advance its AI security capabilities to enable secure and controlled adoption of AI across businesses. The company will also accelerate investment in R&D to enhance its platform across digital experience monitoring (DEM), LAN security, IoT/OT security, SD-WAN, SSE, XDR, and ZTNA, while expanding its partner ecosystem and customer-facing teams to meet growing global demand.
The company’s momentum is supported by its consistent growth, reporting 46% YoY growth in annual recurring revenue for 2024, outpacing Gartner’s projected 26% CAGR for the SASE market, which is expected to reach $28.5bn by 2028.
“Cato has spent the past decade building and optimising the next generation of cybersecurity, and we are proud to partner with them as they continue to raise the bar for AI-driven security and networking,” Vitruvian Partners said.
Cato Networks CEO Shlomo Kramer said, “With more than 3,500 enterprise customers, consistent hyper-growth, and repetitive and scalable wins against all leading competitors, Cato is a proven and mature business to invest in. Our true SASE platform and decade of AI innovation differentiates Cato from legacy vendors that favour a portfolio of point solutions. Customers and partners understand the difference and select Cato to benefit from proven security, operational efficiency, and business agility.”
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