Cato Networks Team from company Facebook page
Cato Networks, an Israeli startup and unicorn that provides the world’s first Secure Access Service Edge (SASE) platform, is now worth more than $3 billion. The new valuation came after the firm raised $238 million in equity investment, bringing total funding to $773 million to date.
It was just last November that Cato Networks became a member of the super elite club of companies known as Centaurs, having annual recurring revenue of $100 million.
Cato Networks first became a unicorn in November 2020. The company specializes in Secure Access Service Edge (SASE) for cloud-based services. And cloud-based security service firms are exploding these days as everything is moving into the cloud, from software as a service – MS Office is moving that way – to online servers to hold an organization’s data, sparing it the cost and trouble of housing its own servers.
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Secure Access Service Edge (SASE) is a cloud-based network security architecture that combines network security functions, such as firewall as a service (FWaaS), secure web gateway (SWG), cloud access security broker (CASB), and zero-trust network access (ZTNA), into a single service. SASE is delivered from the cloud edge, which means that it can be deployed anywhere that users and devices are located.
SASE is a relatively new concept, but it is quickly gaining popularity because it offers a number of advantages over traditional network security architectures.
SASE is a good fit for organizations of all sizes, but it is especially well-suited for organizations with distributed workforces and cloud-based applications. For example, SASE can be used to securely connect remote workers to cloud-based applications without having to backhaul traffic through a central data center.
Founded in 2015 by Shlomo Kramer, one of the founders of Check Point and Imperva, and Gur Shatz Cato Networks provides a single-vendor SASE platform, converging Cato SD-WAN and a cloud-native security service edge, Cato SSE 360, into a global cloud service. Cato SASE Cloud optimizes and secures application access for all users and locations everywhere. Using Cato, customers easily replace costly and rigid legacy MPLS with modern network architecture based on SD-WAN, secure and optimize a hybrid workforce working from anywhere, and enable seamless cloud migration.
More than 1,800 enterprise customers, including Carlsberg and the TAG Heuer Porsche Formula E, use Cato for their mission-critical security and networking infrastructure, demonstrating the robustness of Cato’s platform and its ability to support complex business and technical requirements.
“This funding round reflects investor confidence in Cato’s leadership in the single-vendor SASE market,” said Shlomo Kramer, co-founder and CEO of Cato Networks. “Cato’s SASE platform uniquely enables organizations of all sizes to optimally secure their businesses without the cost, complexity, and risk of owning and maintaining a pile of point solutions. Cato provides the only SASE platform creating a seamless customer experience and empowers IT to move at the speed of business.”
