Cato Networks
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| Company type | Private |
|---|---|
| Industry | Computer networking |
| Founded | 2015 |
| Founders | Shlomo Kramer Gur Shatz |
| Headquarters | Tel Aviv, Israel |
Key people | Shlomo Kramer, CEO Gur Shatz, President and COO[1] |
| Products | Secure Access Service Edge |
Number of employees | 800 (2023)[2] |
| Website | catonetworks |
Cato Networks Ltd. is a Tel Aviv, Israel-based network security company that develops Secure Access Service Edge (SASE) technology, which combines enterprise communication and security capabilities into a single cloud-based platform.[1] The company was founded in 2015.[3] After an October 2021 funding round, the company was a tech unicorn valued at $2.5 billion.[4]
History[edit]
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.[3][5] Cato was initially funded with a $20 million Series A from U.S. Venture Partners and Aspect Ventures.[6] Kramer became CEO, and Shatz became president and COO.[1] It secured a Series B round of $50 million in September.[1] The company officially launched in February 2016.[7] Its first products were designed to protect customers' WAN connections and mobile devices with services including next-generation firewalling, URL filtering, application control and VPN access.[6]
In June 2018, the company added threat hunting capabilities to its networking service.[8] In 2019, the company secured a $55 million Series C funding round.[9] In April 2020, the company raised $77 million in a Series D.[1] 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.[10] The investment reportedly valued the company at over $1 billion, making it a tech unicorn.[10]
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.[11] In October, the company announced it had raised $200 million at a $2.5 billion valuation.[9] The round was led by Lightspeed Venture Partners with the participation of existing investors Greylock, Acrew Capital, Coatue, Singtel Innov8, and CEO Kramer.[9] In February 2022, the company added cloud access security broker (CASB) capabilities to protect cloud applications.[12] Also in February, the company announced it was planning on going public within the next two years.[13] Cato reached $100 million ARR since their founding. This made them one of the fastest growing enterprise network security startup.[14]
Products[edit]
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.[15] 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.[15][16] The company's Cato SASE Cloud platform supports more than 73 points of presence in over 150 countries.[13] The company's managed detection and response (MDR) platform combines machine learning and artificial intelligence (AI) models to process network traffic data and identify threats to its customers.[11] The company also offers cloud access security broker (CASB) capabilities to protect cloud applications.[12]
Operations[edit]
The company is headquartered in Tel Aviv, Israel. As of February 2022, the company reported over 1,100 customers which it served from 73 points-of-presence worldwide.[13] Also as of February 2022, the company reported 500 employees.[13] Shlomo Kramer is the company's CEO, and Gur Shatz is its president and COO.[1]
See also[edit]
References[edit]
- ^ a b c d e f "Industry Voices—Chua: Cato Networks goes from dark horse to $1B unicorn". Fierce Telecom. November 17, 2020. Retrieved March 16, 2022.
- ^ Wrobel, Sharon (September 19, 2023). "Shlomo Kramer's cybersecurity unicorn snags $238m at over $3 billion valuation". Times of Israel.
- ^ a b "Can Check Point Founder Strike Again?". Fortune. February 10, 2016. Retrieved March 16, 2022.
- ^ "Shlomo Kramer's Cato Networks hits $2.5 billion valuation in $200 million round". CTech. October 19, 2021. Retrieved March 16, 2022.
- ^ "Cato Networks' Cloud Security-as-a-Service Platform Debuts". eWeek. February 9, 2016. Retrieved March 16, 2022.
- ^ a b "Cato Networks puts network security in the cloud". Network World. February 18, 2016. Retrieved March 16, 2022.
- ^ "Cato Networks offers a new model for network security as a service". Network World. July 1, 2016. Retrieved March 16, 2022.
- ^ "Cato Networks adds threat hunting to its Network as a Service". Network World. June 4, 2018. Retrieved March 16, 2022.
- ^ a b c "Cato Networks Takes Aim At Cisco, Palo Alto Networks For SASE Dominance With $200M Funding Round". CRN. October 19, 2021. Retrieved March 16, 2022.
- ^ a b "Another Israeli Unicorn Is Born: Cyber Company Cato Networks Raises $130 Million". Haaretz. November 17, 2020. Retrieved March 16, 2022.(subscription required)
- ^ a b "Cato Pushes MDR Into SASE Play". SDX Central. June 22, 2021. Retrieved March 17, 2022.
- ^ a b "Cato clips in CASB security to SASE service". Light Reading. February 2, 2022. Retrieved March 16, 2022.
- ^ a b c d "As Cato plans for IPO, company to grow headcount by 40%". Light Reading. February 23, 2022. Retrieved March 17, 2022.
- ^ Networks, Cato. "Cato Networks Reaches $100 Million ARR in Just Five Years to Become Fastest Growing Enterprise Network Security Startup". www.prnewswire.com (Press release). Retrieved June 8, 2023.
- ^ a b "Cato Claims Unicorn Status in Wake of $130M Funding Round". SDX Central. November 17, 2020. Retrieved March 17, 2022.
- ^ "Cato Network snags $130M Series E on $1B valuation as cloud wide area networking thrives". TechCrunch. November 17, 2020. Retrieved March 17, 2022.