Cloud security platform Cato Networks secures $77m in funding

Cato Networks, a cloud security platform, has closed its funding round on $77m which was led by Lightspeed Venture Partners.

Additional contributions came from Aspect Ventures, Greylock Partners, Singtel Innov8, U.S. Venture Partners and Shlomo Kramer.

This fresh capital injection brings the company’s total funding efforts to more than $200m and comes after a strong year of growth which saw a 220% increase in bookings.

Cato connects and secures the entire business including remote users, sites, applications and clouds. The technology can lower capital and operational costs and improve user experience.

Cato Networks CEO and co-founder Shlomo Kramer said, “This round of financing is a testament to the unique value Cato delivers to customers even under the most difficult business conditions. The global pandemic has disrupted business-as-usual and underscored the need for an adaptable infrastructure.

“While many companies struggle to enable work-from-home remote access to all employees, Cato customers only had to flip-a-switch. That’s the power of one converged global network and security platform enabling enterprises to be ready for whatever’s next.”

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