Cato Networks

Cato Networks was founded in 2015 in Tel Aviv, Israel by Shlomo Kramer, co-founder of Checkpoint and Imperva, and Gur Shatz, a co-founder of networking company Incapsula.{{cite news|url=https://www.eweek.com/security/cato-networks-cloud-security-as-a-service-platform-debuts/|title=Cato Networks' Cloud Security-as-a-Service Platform Debuts |website=eWeek |date=February 9, 2016 |access-date=March 16, 2022}} Cato was initially funded with a $20 million Series A from U.S. Venture Partners and Aspect Ventures.{{cite news|url= https://www.networkworld.com/article/3034925/cato-networks-puts-network-security-in-the-cloud.html|title=Cato Networks puts network security in the cloud |website=Network World |date=February 18, 2016 |access-date=March 16, 2022}} 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.{{cite news|url= https://www.networkworld.com/article/3091044/cato-networks-offers-a-new-model-for-network-security-as-a-service.html|title=Cato Networks offers a new model for network security as a service |website=Network World |date=July 1, 2016 |access-date=March 16, 2022}} Its first products were designed to protect customers' WAN connections and mobile devices with next-generation firewalling, URL filtering, application control, VPN access, and more services.

In June 2018, the company added threat hunting capabilities to its networking service.{{cite news|url= https://www.networkworld.com/article/3276319/cato-networks-adds-threat-hunting-to-its-network-as-a-service.html|title=Cato Networks adds threat hunting to its Network as a Service |website=Network World |date=June 4, 2018 |access-date=March 16, 2022}} In 2019, the company secured a $55 million Series C funding round.{{cite news|url= https://www.crn.com/news/networking/cato-networks-takes-aim-at-cisco-palo-alto-networks-for-sase-dominance-with-200m-funding-round|title=Cato Networks Takes Aim At Cisco, Palo Alto Networks For SASE Dominance With $200M Funding Round |website=CRN |date=October 19, 2021 |access-date=March 16, 2022}} 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, U.S. Venture Partners, Aspect Capital, Singaporean fund Singtel's subsidiary Innov8, and hedge fund Coatue Management.{{cite news|url= https://www.haaretz.com/israel-news/tech-news/.premium-another-israeli-unicorn-is-born-cyber-company-cato-networks-raises-130-million-1.9314699 |title=Another Israeli Unicorn Is Born: Cyber Company Cato Networks Raises $130 Million |website=Haaretz |date=November 17, 2020 |access-date=March 16, 2022}}{{subscription required|date=February 2022}} 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.{{cite news|url=https://www.sdxcentral.com/articles/news/cato-pushes-mdr-into-sase-play/2021/06/ |title=Cato Pushes MDR Into SASE Play|website=SDX Central |date=June 22, 2021 |access-date=March 17, 2022}} 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 (CASB) capabilities to protect cloud applications.{{cite news|url=https://www.lightreading.com/security/cato-clips-in-casb-security-to-sase-service/d/d-id/775001 |title=Cato clips in CASB security to SASE service|website=Light Reading|date=February 2, 2022 |access-date=March 16, 2022}}

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.{{cite news|url= https://www.sdxcentral.com/articles/news/cato-claims-unicorn-status-in-wake-of-130m-funding-round/2020/11/ |title=Cato Claims Unicorn Status in Wake of $130M Funding Round|website=SDX Central |date=November 17, 2020 |access-date=March 17, 2022}} Its products are designed to help IT staff manage network security for distributed workforces accessing resources across the wide area networks (WANs), cloud and Internet that connects them.{{cite news|url=https://techcrunch.com/2020/11/17/cato-network-snags-130m-series-e-on-1b-valuation-as-cloud-wide-area-networking-thrives/ |title=Cato Network snags $130M Series E on $1B valuation as cloud wide area networking thrives|website=TechCrunch |date=November 17, 2020 |access-date=March 17, 2022}} The company's Cato SASE Cloud platform supports more than 73 points of presence in over 150 countries.{{cite news|url=https://www.lightreading.com/sd-wan/as-cato-plans-for-ipo-company-to-grow-headcount-by-40/d/d-id/775511 |title=As Cato plans for IPO, company to grow headcount by 40%|website=Light Reading|date=February 23, 2022 |access-date=March 17, 2022}}

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• {{Official website|https://catonetworks.com/}}

Category:Computer security companies

Category:Computer security software companies

Category:Software companies established in 2015

Category:Israeli brands

Category:Software companies of Israel

Category:Companies based in Tel Aviv

Category:2015 establishments in Israel