Cato Networks Grew 59% in 2023

Cato Networks Grew 59% in 2023. Cato Networks Israel United States of America United Kingdom

at a $3B+ valuation, led by LightSpeed Venture Partners with participation from Adams Street Partners, Softbank Vision Fund 2, Sixty Degree Capital, and Singtel Innov8.

Cato Platform Highlights

Activated 16 new points of presence (PoPs), growing Cato's purpose-built SASE cloud network to nearly 90 PoP locations worldwide.Introduced Universal ZTNA to become the first SASE platform with ZTNA for remote and local users.Introduced AI/ML-powered inline protection to provide real-time identification of malicious domains Cato's real-time algorithms detected nearly six times more malicious domains than reputation feeds alone.  Cato also added DNS protection to secure that threat vector.  Introduced Cato Remote Browser Isolation (RBI) to its SASE Cloud platform. With Cato RBI, enterprises can deliver RBI to all users worldwide in minutes, allowing them to access unclassified websites and applications, without compromising their security.Introduced Cato XDR, the world's first SASE-based XDR, and Cato EPP. Together, Cato XDR and Cato EPP mark the inaugural expansion beyond the original SASE scope pioneered by Cato in 2016 and defined by industry analysts in 2019. Broke the SASE speed barrier (again) with 5 Gbps encrypted tunnels with all inspections enabled to sites and clouds, a record surpassing the capabilities of competitors, solidifying Cato's position as a leader in the cloud-centric SASE category.Nearly doubled the number of applications identified by Cato to 10,200 applications (from 6,200) representing 96.78% of used enterprise applications.Added 5,260+ features and improvements to Cato SASE Cloud.

2023 Industry Accolades

Cato Networks recognized as a Challenger in the Gartner®  Magic Quadrant™ for Single-Vendor SASEBecame the first single-vendor SASE vendor to be awarded the "Customer First" badge on Gartner Peers Insights with nearly triple the number of reviews** as our nearest competitor.Cato Networks named a leader in the Forrester Wave™: Zero Trust Edge Solutions Q3 2023 report that also recognized Cato as the "poster child" for ZTE and SASE. Frost & Sullivan recognized Cato as a growth and innovation leader in SASE and in the 2023 "Product Leadership Award" for its Cato SSE 360, a key component of the Cato SASE Cloud platform.Omdia ranked Cato a Leader in SASE with a robust PoP architecture and delivery of core networking and security services.Cato Networks named "Leader" and "Outperformer" by GigaOm in its Radar Report for Secure Access Service Edge (SASE) and in the analyst firm's Radar Report for SD-WAN.CRN® named Frank Rauch, Cato's Global Channel Chief,  to its exclusive 2023 Top 100 Executives list and its sub-category of Top 25 Channel Sales Leaders.Fortune named Cato Networks to the Cyber 60, a list of the fastest growing private security companies in the world.

* Generally Accepted Accounting Principles or GAAP

** See Gartner Peer Insights, February 4, 2024

Digital Assets 

[Photo] Shlomo Kramer[Image] Cato Networks logo

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About Cato Networks
Cato Networks is the leader in SASE, delivering enterprise security and networking in a single cloud platform. With Cato, organizations replace costly and rigid legacy infrastructure with an open and modular SASE architecture based on SD-WAN, a purpose-built global cloud network, and an embedded cloud-native security stack. 

Want to learn why thousands of organizations secure their future with Cato? Visit us at www.catonetworks.com. 

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