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.