Cato Networks announces further funding of $200m

Cato Networks has been expanding its European channel in recent months

SASE platform provider Cato Networks has raised $200m in its latest funding round - which it says will fuel the company's "sales, technology and business growth".

The latest funding round was led by Lightspeed Venture Partners with the participation of existing investors Greylock, Aspect Ventures / Acrew Capital, Coatue, Singtel Innov8, and Kramer himself.

The Israel-based vendor has expanded its European operations and its channel programme over the past year. Its CEO, Shlomo Kramer, told CRN last year that the company's additional funding would allow further "aggressive expansion" in Europe.

And the business, which claims to have a market valuation of $2.5bn, also announced earlier this year that it would expand its channel programme to include MSPs after seeing its number of channel partners almost triple over the course of 2020.

"Cato is at the forefront of SASE transformation. Large enterprises are deploying Cato as their global network to reap the operational and business benefits of Cato's proven and mature SASE platform," Kramer said.

"Cato is rapidly expanding its service capabilities, global footprint, and sales and marketing teams, while preserving our unique DNA of agility, simplicity, and ease of doing business that is so valued by customers and partners."