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Cato Networks raises $359M in funding for its SASE platform

  • Cato Networks has secured $359 million in late-stage investment led by Vitruvian Partners and ION Crossover Partners, with participation from existing investors, valuing the company at $4.8 billion.
  • The company provides a SASE platform for over 3,500 organizations offering cloud-based network infrastructure to connect remote locations and secure data traffic between them.
  • Cato's platform includes features to block unnecessary connections within a company's infrastructure to prevent malware spread and uses AI models to scan for threats.
  • The funding will be used to expand networking capabilities, enhance cybersecurity tools, grow customer-facing teams, and partnerships, as the CEO plans further evolution of network security.

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