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Cato Networks, a Tel Avivâbased cybersecurity company offering an all-in-one cloud-native SASE platform, has raised a $359M Series G at a $4.8B valuation. The round was led by Vitruvian Partners and ION Crossover Partners, with continued backing from Lightspeed, Acrew, and Adams Street. Total funding now exceeds $1B as the company gears up for IPO flexibility.
⢠Combines SD-WAN and security (SASE) into one globally distributed platform
⢠AI detects threats across access points, users, and traffic without siloed tools
⢠Replaces dozens of legacy point productsâbuilt for hybrid and remote enterprises
⢠3,500+ enterprise customers across 150+ countries
⢠46% YoY ARR growth in 2024; estimated $250M+ in recurring revenue
⢠Fresh capital fuels AI upgrades, R&D, and deeper international market penetration
⢠CEO Shlomo Kramer co-founded Check Point and Impervaâtwo iconic cybersecurity exits
⢠Company exploring 2025 IPO but no rush: âwe can press the button when the time is rightâ
⢠30% of round (~$120M) set aside for secondaryâearly employees get liquidity
Catoâs cloud-first, AI-enhanced platform offers enterprises a simplified path to secure, scalable accessâand a likely IPO bell-ringer.