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Investing.com -- Cato Networks announced Monday it has secured $359 million in Series G funding, pushing its valuation to more than $4.8 billion.
The funding round was led by new investors Vitruvian Partners and ION Crossover Partners, with participation from existing investors including Lightspeed Venture Partners, Acrew Capital, and Adams Street Partners.
This latest investment brings Cato’s total funding to over $1 billion, marking a significant milestone for the SASE (Secure Access Service Edge) leader.
Cato Networks, which created the SASE concept in 2015 by converging security and networking, has built a customer base of more than 3,500 enterprises. The company offers a cloud platform that combines enterprise security and networking services.
"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.
The company’s platform enables organizations to replace legacy infrastructure with a SASE architecture based on SD-WAN, a global cloud network, and an embedded cloud-native security stack.
Cato’s approach focuses on threat prevention, data protection, and incident detection and response through its cloud-based platform.
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