Cato Networks banks $359m to scale AI cybersecurity

Israeli startup Cato Networks raised $359 million in a Series G funding round, valuing its business at $4.8 billion.

Proceeds will help fund investments in Cato's AI cybersecurity technology, specifically referred to as secure access service edge (SASE) solutions. The technology, driven by AI, aims to provide fast and localised 'at the edge' cybersecurity to corporate clients.

Cato beleives it can help its customers adopt AI ' in a secure and controlled manner'.

Tel Aviv-based Cato said it will invest in R&D, product innovation, and international market expansion.

“With more than 3,500 enterprise customers, consistent hyper-growth, and repetitive and scalable wins against all leading competitors, Cato is a proven and mature business to invest in," CEO and co-founder Shlomo Kramer said in a statement.

“Our true SASE platform and decade of AI innovation differentiates Cato from legacy vendors that favor a portfolio of point solutions."

Vitruvian Partners, the London-headquartered investment group that was one of the new investors via the Series G raise, commented: “Cato has spent the past decade building and optimizing the next generation of cybersecurity, and we are proud to partner with them as they continue to raise the bar for AI-driven security and networking.”