The world’s first SASE platform, Cato Networks, has announced that it has raised $130 million in its latest funding round, which has propelled its valuation to $1 billion. Lightspeed Venture Partners led the round with the participation of a new investor, Coatue, and existing investors, Greylock, Aspect Ventures s/Acrew Capital, Singtel Innov8, and Shlomo Kramer.
The fresh funding will improve the company’s financial position and accelerate its SASE market and technology expansion strategy. The company’s SASE technology is all set to transform the multi-billion dollar markets for enterprise networking and security. Cato is leading this transformation.
Through its SASE platform, Cato is helping connect and secure enterprise edges, including sites, mobile users, and cloud resources. “SASE is the hottest area in IT, and this funding round further attests to Cato’s leadership of the SASE market,” says Shlomo Kramer, CEO and co-founder of Cato Networks. “Only the Cato Cloud was built from the ground up as a converged and cloud-based global SASE service.”
Cato Networks’ SASE is addressing the quintessential need to reduce IT complexity by converging together networking and security capabilities into one global platform.
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