SASE vendor Cato Networks says it will direct a hunk of its latest funding round towards its partner ecosystem.
A ‘Challenger’ in Gartner’s 2023 SASE Magic Quadrant, Cato last November claimed it had reached so-called ‘Centaur’ status (ie $100m ARR in five years) in record time for enterprise network security.
Today, the Israel-based vendor announced it has raised $238m in equity investment, bringing its total funding to $773m.
Cato said it will use the new funds to scale in three areas, namely “delivering its vision and customer success” to a broader audience, growing its engineering and product team, and expanding the partner ecosystem offering managed Cato SASE services.
“This funding round reflects investor confidence in Cato’s leadership in the single-vendor SASE market,” said CEO Shlomo Kramer (pictured, top), who co-founded Cato in 2015.
Cato counts Carlsberg and TAG Heuer Porsche Formula E among its more than 1,800 enterprise customers.
The latest financing round – Cato’s largest to date – was led by LightSpeed Venture Partners, with the participation of Adams Street Partners, Softbank Vision Fund 2, Sixty Degree Capital, and Singtel Innov8.
The investment values Cato at $3bn, the vendor claimed.