SASE leader Cato Networks has has announced its Series G funding round, raising $359 million led by new investors including Vitruvian Partners and ION Crossover Partners as well as existing investors including Lightspeed Venture Partners, Acrew Capital, and Adams Street Partners. The investment brings Cato’s valuation to more than $4.8 billion and total funding to more than $1 billion, a significant milestone in the company’s mission to redefine enterprise security for the digital and AI era.
The investment builds on Cato’s proven track record of leadership: from the creation of SASE with the convergence of security and networking in 2015, through the recognition of Cato’s vision by the global analyst community when the term “SASE” became defined in 2019, and a decade of innovation that continuously stretches the boundaries of SASE and AI security.
“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,” said Shlomo Kramer, co-founder and CEO at Cato Networks. “Our true SASE platform and decade of AI innovation differentiates Cato from legacy vendors that favor a portfolio of point solutions. Customers and partners understand the difference and select Cato to benefit from proven security, operational efficiency, and business agility.”
“Cato has spent the past decade building and optimizing 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,” said Vitruvian Partners. “The company’s visionary leadership, best-in-class growth and retention rates, and relentless focus on innovation and customer experience are what led us to invest in Cato. We look forward to supporting Cato’s next phase of growth as they expand their market reach and transform how enterprises connect and secure their digital businesses and use of AI.”