Kato Networksan Israeli cybersecurity company specializing in Secure Access Service Edge (SASE) technology used by customers such as the Danish multinational beer company. carlsberg and Swiss luxury watch manufacturer Tag Heuerraised $238 million in equity investment.
This brings the total amount raised to date to $773 million.
The latest funding round was led by Lightspeed Venture Partners With the participation of adams street partners, Softbank Vision Fund 2, Sixty Degree Capitaland Singtel Innov 8. The cash infusion sent the Tel Aviv-based company’s valuation soaring to $3 billion.
Cato was recently recognized as a ZTE (Zero Trust Edge)/SASE Leader. forrester researchand as a challenger Gartner Magic Quadrant for Single Vendor SASE.
Cato Networks was founded in 2015. check point software and imperubber Co-founder Shlomo Kramer and Incapsula co-founder Gar Schatz. Imperva later he acquired Incapsula.
Kramer said the successful funding round reflects the market’s confidence in Cato Networks and the single-vendor SASE market.
“Cato’s SASE platform is a unique platform that allows organizations of all sizes to optimally protect their businesses without the cost, complexity, and risk of owning and maintaining a large number of point solutions. We deliver the only SASE platform to create experiences and enable IT to move at the speed of business.”
In other encouraging news, Israeli cybersecurity startup bionic It has been announced that acquisition procedures are underway by a Texas-based cybersecurity giant. cloud strike in a worthwhile transaction Approximately $350 million.
Bionic has developed a platform that enables enterprises to secure cloud-native applications and manage the risks associated with them. Raised $83 million in funding.
The 100-person company was founded in 2019 by Idan Niño and Eyal Mamo, graduates of the IDF’s elite cyber unit.