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Israel's Cato Networks raises $20 million Series A funds

  • Region:


  • Sector:

    Software & Services

  • Deal Size:

    $20 million

  • Buy Side Company:

    Aspect Ventures, U.S. Venture Partners
  • Sell Side Company:

    Cato Networks
  • Target Company:

Israeli network security startup Cato Networks has secured $20 million in Series A capital from a group of investors, it announced on Tuesday. The round was led by Steven Krausz, general partner at U.S. Venture Partners (USVP), and Theresia Gouw, founder of Aspect Ventures. Cato Networks, which was founded by Shlomo Kramer, will use the funding to support its go-to-market strategy and hire talent to refine its network security platform. Market research projects the global network security market will be worth $7.5 billion by 2020, growing at a rate of 1.5 percent per year. Other startup competitors in the domain include FortyCloud, Alert Logic, OpSource, Rook Security and Pertino among others. For more information on Cato - please visit www.catonetworks.com


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