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The round was led by Lightspeed Venture Partners, with participation from all previous investors: Aspect Ventures, Greylock Partners, Singtel Innov8, USVP, and Cato Networks cofounders Shlomo Kramer and Gur Shatz. The company has now raised a total of $125 million in venture capital.
“Cato closes the huge gap between the needs of the digital business and the rigid, slow, and expensive networks provided by legacy telcos, using a groundbreaking cloud-native carrier architecture,” CEO Kramer said in a statement. “Cato is powered by cloud-scale software, self-service management, and elastic compute and bandwidth to provide the new foundation for the growth of the business.”
MetaBeat will bring together thought leaders to give guidance on how metaverse technology will transform the way all industries communicate and do business on October 4 in San Francisco, CA.
The cloud-based platform offers what the company calls “network security as a service” (NSaaS). As companies increasingly move valuable data to the cloud, protecting that information has become both an urgent concern and a potentially lucrative opportunity.
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