Cato Networks, the provider of the world's first SASE-based platform, announced its largest capital effort of $130M in a Series E round of funding...

It was led by Lightspeed Venture Partners with participation of a new investor, Coatue, and existing investors, Greylock, Aspect Ventures, among others. The company is valued around $1 billion due to the current demand for Secure Access Service Edge (SASE) applications.

"SASE is the hottest area in IT, and this funding round further attests to Cato's leadership of the SASE market," says Shlomo Kramer, CEO and co-founder of Cato Networks. "Only the Cato Cloud was built from the ground up as a converged and cloud-based global SASE service."

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