Leading SD-WAN solution provider, Cato Networks announced an investment of $55 million, bringing its total funding raised to date to $125 million.
The new funding caps an incredible 2018 that saw bookings grow by 352% year-over-year with business from the channel increasing fivefold. Over 300 enterprises worldwide with thousands of branch locations across all verticals now rely on Cato to connect and secure their corporate networks.
The new funding demonstrates the investors’ confidence in Cato’s vision of a global, cloud-native carrier, connecting and protecting all enterprise locations, mobile users, and cloud resources.
Cato said it is seeing stellar growth in customer adoption. During 2018, Cato expanded its customer base to over 300 enterprises, signed up its first 1000-site organization, and added several enterprises with more than 30,000 employees.
Shlomo Kramer, CEO and Co-founder, Cato Networks
Cato goes beyond edge SD-WAN, MPLS, and network security point solutions, to offer a full WAN transformation platform. Cato closes the huge gap between the needs of the digital business, and the rigid, slow, and expensive networks provided by legacy telcos, using a groundbreaking cloud-native carrier architecture.
