Cato Networks has added $77 million to its war chest as it takes on the large telcos and other service providers in the SD-WAN sector. With the latest round of funding, Tel Aviv, Israel-based Cato Networks has raised a total of $200 million.
The investment round was led Lightspeed Venture Partners along with participation from Aspect Ventures, Greylock Partners, Singtel Innov8, U.S. Venture Partners (USVP), and Cato Networks co-founder and CEO Shlomo Kramer. The investment round followed on the heels of a 220% increase in bookings last year, a strong first quarter and a large recent spike in business related to the coronavirus pandemic.
