Cato Networks secured $359 million in funding, elevating its valuation to over $4.8 billion as investor confidence in AI-powered cybersecurity solutions grows. The need for sophisticated cybersecurity, driven by increasing cyberattacks, has enhanced interest in providers like Cato. Led by Vitruvian Partners and ION Crossover Partners, this funding round raises Cato’s total funding above $1 billion. The company aims to enhance AI capabilities, expand R&D, and grow its global presence, with projections of significant growth in the SASE market, expected to reach $25 billion by 2027.
With analysts projecting information-security outlays to climb at a double-digit clip through 2028, investors continue to treat cybersecurity and zero-trust plumbing as 'can't-cut' line items even as other tech niches cool.
Hefty private cash for Cato is less a one-off jackpot than a barometer that big-ticket appetite for cybersecurity is still running hot and that an exit wave through IPO, active secondaries, or acquisition may be warming up behind it.
Collection
[
|
...
]