Cato Networks is a Tel Aviv, Israel-based network security company that develops Secure Access Service Edge (SASE) technology, which combines enterprise communication and security capabilities onto a single cloud-based platform. The company was founded in 2015. After an October 2021 funding round, the company was a tech unicorn valued at $2.5 billion.

History

Cato Networks was founded in 2015 in Tel Aviv, Israel by

Shlomo Kramer Shlomo Kramer ( he, שלמה קרמר), is an Israeli information technology entrepreneur and investor. He is the co-founder of cyber-security companies Check Point and Imperva, as well as Cato Networks, a cloud-based network security provider. ...

, co-founder of

Checkpoint Checkpoint may refer to: Places * Border checkpoint, a place on the land border between two states where travellers and/or goods are inspected * Security checkpoint, erected and enforced within contiguous areas under military or paramilitary co ...

and Imperva, and Gur Shatz, a co-founder of networking company Incapsula. Cato was initially funded with a $20 million Series A from

U.S. Venture Partners U.S. Venture Partners (USVP) is a venture capital investment firm specializing in early-stage ventures in enterprise software, cybersecurity, consumer, e-commerce, healthcare, and IT-enabled healthcare services. The venture capital partnership ...

and Aspect Ventures. Kramer became CEO, and Shatz became president and COO. It secured a Series B round of $50 million in September. The company officially launched in February 2016. Its first products were designed to protect customer's WAN connections and mobile devices with services including next-generation firewalling, URL filtering, application control and VPN access. In June 2018, the company added threat hunting capabilities to its networking service. In 2019, the company secured a $55 million Series C funding round. In April 2020, the company raised $77 million in a Series D. In November, the company announced a $130 million Series E funding round, led by return investors Lightspeed Partners, with participation from Greylock Partners,

, Aspect Capital, Singaporean fund

Singtel Singapore Telecommunications Limited, commonly known as Singtel, is a Singaporean telecommunications conglomerate and one of the four major telcos operating in the country. The company is the largest mobile network operator in Singapore with ...

's subsidiary Innov8, and hedge fund Coatue Management. The investment reportedly valued the company at over $1 billion, making it a tech unicorn. In June 2021, the company launched a new version of its managed detection and response (MDR) platform, used to detect security threats on its network. In October, the company announced it had raised $200 million at a $2.5 billion valuation. The round was led by Lightspeed Venture Partners with the participation of existing investors Greylock, Acrew Capital, Coatue, Singtel Innov8, and CEO Kramer. In February 2022, the company added

cloud access security broker A cloud access security broker (CASB) (sometimes pronounced cas-bee) is on-premises or cloud based software that sits between cloud service users and cloud applications, and monitors all activity and enforces security policies. A CASB can offer se ...

(CASB) capabilities to protect cloud applications. Also in February, the company announced it was planning on going public within the next two years.

Products

Cato Networks develops a Secure Access Service Edge (SASE) platform, which combines SD-WAN, managed security service and global backbone services into a cloud-based service offering. Its products are designed to help IT staff manage network security for distributed workforces accessing resources across the

wide area networks A wide area network (WAN) is a telecommunications network that extends over a large geographic area. Wide area networks are often established with leased telecommunication circuits. Businesses, as well as schools and government entities, us ...

(WANs), cloud and Internet that connects them. The company's Cato SASE Cloud platform supports more than 73 points of presence over 150 countries. The company's managed detection and response (MDR) platform combines machine learning and artificial intelligence (AI) models to process network traffic data and identify threats to its customers. The company also offers cloud access security broker (CASB) capabilities to protect cloud applications.

Operations

The company is headquartered in Tel Aviv, Israel. As of February 2022, the company reported over 1,100 customers which it served from 73 points-of-presence worldwide. Also as of February 2022, the company reported 500 employees. Shlomo Kramer is the company's CEO, and Gur Shatz is its president and COO.

References

External links

* {{URL, https://www.catonetworks.com/ Computer security companies Computer security software companies Software companies established in 2015 Israeli brands Software companies of Israel Companies based in Tel Aviv 2015 establishments in Israel

History

Products

Operations

See also

References

External links