Cato Networks, a maker of cloud-based, secured networks for large enterprises that lets remote workers connect to applications regardless of where they are, has raised $359 million in funding at a company valuation of about $4.8 billion.

The financing was led by new investors including London-based investment firm Vitruvian Partners and Israeli growth fund ION Crossover Partners. Existing investors LightSpeed Venture Partners, global asset manager Adams Street Partners, and San Francisco-based venture capital firm Acrew Capital also joined the funding bonanza.

The Tel Aviv-based cybersecurity firm said the freshly raised funds will be used to “redefine enterprise security for the digital and AI era,” noting that today’s IT and security leaders face mounting complexity, limited staff, and overwhelming pressure to “secure everywhere and enable anything.”

The funding marks the cybersecurity firm’s biggest round, after it raised $238 million at a $3 billion valuation in September 2023, a month before the outbreak of war with the........

© The Times of Israel