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Cato Networks

Topic: Company

 From HandWiki - Reading time: 3 min

Cato Networks Ltd.
TypePrivate
IndustryComputer networking
Founded2015; 11 years ago (2015)
FoundersShlomo Kramer
Gur Shatz
HeadquartersTel Aviv, Israel
Key people
Shlomo Kramer, CEO[1]
ProductsSecure Access Service Edge
Number of employees
1100 (2024)
Websitecatonetworks.com

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.[2] After an October 2021 funding round, the company was a tech unicorn valued at $2.5 billion.[3]

History

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.[2][4] Cato was initially funded with a $20 million Series A from U.S. Venture Partners and Aspect Ventures.[5] 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.[6] Its first products were designed to protect customers' wide area network (WAN) connections and mobile devices with next-generation firewalling, URL filtering, application control, VPN access, and more services.[5]

In June 2018, the company added threat hunting capabilities to its networking service.[7] In 2019, the company secured a $55 million Series C funding round.[8] 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.[9] The investment reportedly valued the company at over $1 billion, making it a tech unicorn.[9]

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.[10] In October, the company announced it had raised $200 million at a $2.5 billion valuation.[8] The round was led by Lightspeed Venture Partners with the participation of existing investors Greylock, Acrew Capital, Coatue, Singtel Innov8, and CEO Kramer.[8] In February 2022, the company added cloud access security broker (CASB) capabilities to protect cloud applications.[11]

In September 2025, Cato Networks announced its first-ever M&A deal with the acquisition of Aim Security, an AI security startup based in Israel, in order to expand into the rapidly growing AI security segment.[12][13] Included in this announcement were two other recent developments: that it had crossed the $300 million Annual Recurring Revenue (ARR) threshold; and that it had raised another $50 million in its Series G round, bringing the total to $409 million at an estimated valuation of over $4.8 billion.[14]

Products

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.[17]

References

  1. ↑ 1.0 1.1 1.2 1.3 1.4 "Industry Voices—Chua: Cato Networks goes from dark horse to $1B unicorn". November 17, 2020. https://www.fiercetelecom.com/telecom/industry-voices-chua-cato-networks-goes-from-dark-horse-to-1b-unicorn. 
  2. ↑ 2.0 2.1 "Can Check Point Founder Strike Again?". February 10, 2016. https://fortune.com/2016/02/10/check-point-co-founder-cybersecurity-startup/. 
  3. ↑ "Shlomo Kramer's Cato Networks hits $2.5 billion valuation in $200 million round". October 19, 2021. https://www.calcalistech.com/ctech/articles/0,7340,L-3920555,00.html. 
  4. ↑ "Cato Networks' Cloud Security-as-a-Service Platform Debuts". February 9, 2016. https://www.eweek.com/security/cato-networks-cloud-security-as-a-service-platform-debuts/. 
  5. ↑ 5.0 5.1 "Cato Networks puts network security in the cloud". February 18, 2016. https://www.networkworld.com/article/3034925/cato-networks-puts-network-security-in-the-cloud.html. 
  6. ↑ "Cato Networks offers a new model for network security as a service". July 1, 2016. https://www.networkworld.com/article/3091044/cato-networks-offers-a-new-model-for-network-security-as-a-service.html. 
  7. ↑ "Cato Networks adds threat hunting to its Network as a Service". June 4, 2018. https://www.networkworld.com/article/3276319/cato-networks-adds-threat-hunting-to-its-network-as-a-service.html. 
  8. ↑ 8.0 8.1 8.2 "Cato Networks Takes Aim At Cisco, Palo Alto Networks For SASE Dominance With $200M Funding Round". October 19, 2021. https://www.crn.com/news/networking/cato-networks-takes-aim-at-cisco-palo-alto-networks-for-sase-dominance-with-200m-funding-round. 
  9. ↑ 9.0 9.1 "Another Israeli Unicorn Is Born: Cyber Company Cato Networks Raises $130 Million". November 17, 2020. https://www.haaretz.com/israel-news/tech-news/.premium-another-israeli-unicorn-is-born-cyber-company-cato-networks-raises-130-million-1.9314699. 
  10. ↑ "Cato Pushes MDR Into SASE Play". June 22, 2021. https://www.sdxcentral.com/articles/news/cato-pushes-mdr-into-sase-play/2021/06/. 
  11. ↑ "Cato clips in CASB security to SASE service". February 2, 2022. https://www.lightreading.com/security/cato-clips-in-casb-security-to-sase-service/d/d-id/775001. 
  12. ↑ Lennon, Mike (2025-09-03). "Cato Networks Acquires AI Security Firm Aim Security". https://www.securityweek.com/cato-networks-acquires-ai-security-firm-aim-security/. 
  13. ↑ Alspach, Kyle (2025-09-03). "Cato Networks Expands Into AI Security With First-Ever Startup Acquisition". https://www.crn.com/news/security/2025/cato-networks-expands-into-ai-security-with-first-ever-startup-acquisition. 
  14. ↑ Scheer, Steven (2025-09-03). "Israel's Cato Networks buys Aim Security, raises another $50 million". https://www.reuters.com/world/middle-east/israels-cato-networks-buys-aim-security-raises-another-50-million-2025-09-03/. 
  15. ↑ 15.0 15.1 "Cato Claims Unicorn Status in Wake of $130M Funding Round". November 17, 2020. https://www.sdxcentral.com/articles/news/cato-claims-unicorn-status-in-wake-of-130m-funding-round/2020/11/. 
  16. ↑ "Cato Network snags $130M Series E on $1B valuation as cloud wide area networking thrives". November 17, 2020. https://techcrunch.com/2020/11/17/cato-network-snags-130m-series-e-on-1b-valuation-as-cloud-wide-area-networking-thrives/. 
  17. ↑ "As Cato plans for IPO, company to grow headcount by 40%". February 23, 2022. https://www.lightreading.com/sd-wan/as-cato-plans-for-ipo-company-to-grow-headcount-by-40/d/d-id/775511. 



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