Cato Networks has secured $359 million in a new funding round, bringing its total funding to $1 billion and raising its valuation to over $4.8 billion, according to Channel Futures.
The capital is aimed at accelerating AI security, platform innovation, and global expansion, Channel Futures said.Led by Vitruvian Partners and ION Crossover Partners, alongside previous backers like Lightspeed Venture Partners and Acrew Capital, the investment is seen as a major vote of confidence in Cato's secure access service edge (SASE) strategy.Karl Soderlund, global channel leader at Cato, emphasized that partners will directly benefit through enhanced support, faster R and D, and richer incentives. He noted the funding will help partners offer AI-native solutions with faster deployment and reduced TCO.As the SASE market is projected to reach $28.5 billion by 2028, Cato is already surpassing market growth with a reported 46% increase in annual recurring revenue. The company plans a surge in enablement tools, certifications, and co-selling programs to support its expanding partner ecosystem.
The capital is aimed at accelerating AI security, platform innovation, and global expansion, Channel Futures said.Led by Vitruvian Partners and ION Crossover Partners, alongside previous backers like Lightspeed Venture Partners and Acrew Capital, the investment is seen as a major vote of confidence in Cato's secure access service edge (SASE) strategy.Karl Soderlund, global channel leader at Cato, emphasized that partners will directly benefit through enhanced support, faster R and D, and richer incentives. He noted the funding will help partners offer AI-native solutions with faster deployment and reduced TCO.As the SASE market is projected to reach $28.5 billion by 2028, Cato is already surpassing market growth with a reported 46% increase in annual recurring revenue. The company plans a surge in enablement tools, certifications, and co-selling programs to support its expanding partner ecosystem.
