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Industry
Integrated Telecommunication Services
Funding
Series G
Team size
500
Revenue
$50M - $100M
Cato Networks has raised a total of $773M, reflecting strong investor interest. The recent $238M round in September 2023, led by Lightspeed Venture Partners, is a testament to the company’s growth trajectory. These funding rounds underscore the market confidence in Cato Networks as a leader in SASE solutions. Key investors such as Lightspeed Venture Partners, USVP, and Adams Street Partners have played a central role in fueling the company’s expansion. Their involvement brings not only capital but also strategic guidance and industry expertise crucial for scaling operations. The diverse investor portfolio supports different aspects of growth, from technology innovation to market expansion. The funding has been strategically aligned with the company’s growth priorities, including plans for an IPO in 2024. Investments are being directed towards global expansion, product enhancement, and bolstering the sales and marketing teams. This alignment positions Cato Networks to capitalize on emerging market opportunities while maintaining a focus on operational excellence.
Cato Networks offers a comprehensive Secure Access Service Edge (SASE) platform that integrates advanced network security services such as SD-WAN, Firewall-as-a-Service, and Zero Trust Network Access. The platform is designed to simplify complex security infrastructures and enhance operational efficiency for enterprise clients.
Cato Networks generates revenue through subscription-based offerings centered on its SASE platform, which includes SD-WAN, Firewall-as-a-Service, and Zero Trust Network Access. Its business model is sales-led, targeting enterprise clients and leveraging strategic partnerships to drive upsell opportunities without offering a freemium option.
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