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TEL AVIV, Israel, October 19, 2021— Cato Networks, the supplier of the world’s first SASE platform, introduced its largest funding spherical up to now of $200M at a market valuation of $2.5 billion. The spherical was led by Lightspeed Enterprise Companions with the participation of present buyers Greylock, Facet Ventures / Acrew Capital, Coatue, Singtel Innov8, and Shlomo Kramer. The brand new funds will gasoline Cato’s gross sales, know-how, and enterprise development to additional assist the safety and international networking wants of huge enterprises.
“Cato is on the forefront of SASE transformation,” stated Shlomo Kramer, CEO and co-founder of Cato Networks. “Giant enterprises are deploying Cato as their international community to reap the operational and enterprise advantages of Cato’s confirmed and mature SASE platform. Cato is quickly increasing its service capabilities, international footprint, and gross sales and advertising and marketing groups, whereas preserving our distinctive DNA of agility, simplicity, and ease of doing enterprise that’s so valued by prospects and companions.”
Market Adoption Grows Amongst Giant Enterprises for Cloud-native SASE Structure
Safe and optimized entry to functions anytime and wherever is on the coronary heart of digital transformation. It has eluded prospects and answer suppliers as a result of safe optimized entry crosses the boundaries of networking, safety, and entry — the three silos that dominate the legacy IT panorama.
Cato was constructed to interrupt these silos and is the inspiration for the SASE class. The Cato SASE Cloud, constructed on the proprietary Cato SPACE know-how, is the one confirmed and mature SASE platform that may holistically, rapidly, and simply, ship on the safe and optimized software entry problem. Solely Cato can join and safe all enterprise edges — websites, cell customers, and cloud assets — with one international cloud-native platform. That is the essence of a real SASE platform.
The Cato SASE Cloud is distributed throughout greater than 65 PoPs worldwide. With such in depth geographic protection and a confirmed know-how stack, Cato has been in a position to deal with the wants of very massive international enterprises. At this time, dozens of such enterprises spend greater than $250,000 in annual recurring income (ARR) with Cato, a rise of 163% year-over-year, and a number of other international enterprises spend over $1M in ARR.
“Cato has seen an incredible adoption of its SASE platform by more and more bigger enterprises,” stated Yoni Cheifetz, a accomplice at Lightspeed Enterprise Companions. “What began as a disruptive innovation and a novel thought, is now a fast-growing enterprise that’s on the coronary heart of enterprises’ mission vital operations. We’re delighted to accomplice with Cato and assist its mission of delivering optimum and safe entry to all customers, areas, and functions – in all places.”
Living proof is Baker Tilly, a number one advisory, tax, and assurance agency. “The Cato SASE platform has reworked the way in which we join our enterprise,” stated Matt Jennings, Director, Enterprise Know-how at Baker Tilly. “Cato made us nimble, enabling us to handle important enterprise adjustments, like M&A, with close to zero effort. No extra product-by-product configuration, updates, and troubleshooting – simply getting issues completed, rapidly. It doesn’t matter what number of websites or customers we deploy or the place, I do know with Cato they’ll at all times get the identical safe and optimum entry to the assets they want.”
And with bigger enterprises come new necessities. Some enterprises require better scale, others deeper safety inspection, and nonetheless others extra capabilities particular to their business and enterprise. The brand new funding will gasoline that growth, enabling Cato to proceed main within the converged distant entry, networking, and community safety market that’s SASE.
“Cato pioneered SASE, creating the class earlier than it existed,” stated Scott Raynovich, Founder and Chief Analyst at Futuriom, a analysis and evaluation neighborhood centered on next-generation cloud applied sciences. “They noticed the necessity early on for enterprises to ship international, cloud-delivered networking and safety. It’s a imaginative and prescient that’s now paying off with great development.”
To study extra concerning the unbelievable energy of SASE and Cato Networks, go to us at https://www.catonetworks.com
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