Israeli network security co Cato Networks raises $30MGlobes
Israeli network security company Cato Networks has raised $30 million in a series B funding round. The financing was led by Greylock Partners with participation from Singtel Innov8 and existing investors U.S. Venture Partners (USVP), Aspect Ventures and the company’s founders, Shlomo Kramer and Gur Shatz. The funding will allow Cato Networks to offer its cloud-based network security as a service (#NSaaS) solution, the Cato Cloud, to the global market, bringing the cloud’s transformative power to networking and security.
Today’s financing, which is the Tel Aviv-based company’s second after closing a $20 million series A round in June 2015, shortly after it was founded, underscores a growing realization that the cloud will alter the way that enterprises address networking and security.