Total amount raised
$770 Millions
Latest funding date
9/1/2023
Location
Cato Networks has successfully raised significant funding over multiple rounds, attracting a diverse group of investors. The company offers a comprehensive Secure Access Service Edge (SASE) platform designed to modernize and secure enterprise networks.
Keep reading to explore the intricacies of Cato Networks' fundraising journey and the investors backing this innovative platform.
What Is Cato Networks?
Cato Networks, founded in February 2015 by Gur Shatz and Shlomo Kramer, is headquartered in Tel Aviv, Israel. The company specializes in providing a Secure Access Service Edge (SASE) platform that integrates networking and security into a single, cloud-native service.
With a workforce of 1001-5000 employees, Cato Networks offers solutions that include SD-WAN, threat prevention, data protection, and zero trust network access. Their platform is designed to securely connect enterprise locations, people, and data globally.
For more detailed information, you can visit their official website or their Crunchbase profile.
How Much Funding Has Cato Networks Raised?
- Series A
- Amount Raised: $20M
- Date: October 2015
- Lead Investors: Aspect Ventures, U.S. Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop and launch their SASE platform.
- Series B
- Amount Raised: $50M
- Date: September 2016
- Lead Investors: Greylock
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand their market reach and enhance product features.
- Series C
- Amount Raised: $55M
- Date: January 2019
- Lead Investors: Lightspeed Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and accelerate growth.
- Series D
- Amount Raised: $77M
- Date: April 2020
- Lead Investors: Lightspeed Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support increased demand for secure remote access solutions.
- Series E
- Amount Raised: $130M
- Date: November 2020
- Lead Investors: Lightspeed Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance their SASE platform and expand globally.
- Series F
- Amount Raised: $200M
- Date: October 2021
- Lead Investors: Lightspeed Venture Partners, Swisscom Ventures
- Valuation at Round: $2.5 billion
- Motivation Behind the Round: To further scale operations and prepare for future growth.
- Venture Round
- Amount Raised: $238M
- Date: September 2023
- Lead Investors: Lightspeed Venture Partners
- Valuation at Round: $3.1 billion
- Motivation Behind the Round: To expand growth and prepare for a 2024 IPO.
Total Amount Raised: $770M. Current Valuation: $3.1 billion.
Key Investors
- Lightspeed Venture Partners
- Details: Lightspeed Venture Partners is a venture capital firm that invests in early and growth-stage companies. They have a strong track record of backing innovative companies that disrupt and transform large markets.
- Investment Focus Areas: Enterprise, consumer, health sectors.
- Notable Investments: Snap Inc., GrubHub, AppDynamics.
- Adams Street Partners
- Details: Adams Street Partners is a global private markets investment manager. They provide investment management services across venture capital, growth equity, private credit, and private equity.
- Investment Focus Areas: Venture capital, growth equity, private credit, private equity.
- Notable Investments: Magic Leap, GoFundMe, BigCommerce.
- SoftBank Vision Fund 2
- Details: SoftBank Vision Fund 2 is a venture capital fund managed by SoftBank Group. The fund focuses on investing in technology-driven companies that are shaping the future.
- Investment Focus Areas: Technology, AI, robotics, IoT.
- Notable Investments: Uber, WeWork, ByteDance.
- Sixty Degree Capital
- Details: Sixty Degree Capital is a venture capital firm that invests in early to growth-stage technology companies. They focus on technology and innovation-driven companies.
- Investment Focus Areas: Technology, innovation.
- Notable Investments: Specific notable investments are not mentioned in the sources.
- Singtel Innov8
- Details: Singtel Innov8 is the corporate venture capital arm of the Singtel Group. They invest in technologies and solutions that can enhance Singtel’s core business.
- Investment Focus Areas: Technology, communications, digital services.
- Notable Investments: Carro, ShopBack, Ruckus Wireless.
What's Next for Cato Networks?
As Cato Networks looks to the future, the opportunities are vast. The SASE market is projected to surpass $9 billion, with the overall market potentially reaching $20 billion. This growth presents a significant chance for Cato Networks to capture a larger market share, especially as more enterprises seek integrated security solutions. The company's upcoming IPO in 2024 is expected to be a major fundraising event, providing the capital needed to scale operations and expand their global footprint.
However, challenges lie ahead. Competition from established players like Palo Alto Networks and emerging startups will be fierce. Maintaining high growth rates and continuous innovation will be crucial. Additionally, navigating the complexities of scaling operations while ensuring service quality will be essential for sustained success. Despite these hurdles, Cato Networks' strong market position and investor confidence suggest a promising path forward.
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